Source: Forafinancial
Limited capital availability can hinder a company’s operation and growth. Therefore, it is critical to ensure sufficient cash-flow to sustain the company. To achieve faster growth, there are two credit options available: Credit lines and business loans.
SMEs find it the most difficult to run smooth operations as the payment cycle is delayed, which results in poor cash-flow in the system. In such a situation, choosing the right option to borrow capital can be based on following factors. Accordingly, SMEs must weigh their options carefully to raise capital. Most common confusion to raise capital is between – credit lines or loans:
Choosing the right credit option can lead to better returns for SMEs and minimize interest rates. You must decide smartly and avail the right option. We at OfBusiness help SMEs save upto 6% on their bulk material requirements via Smart financing.
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