Flexible Working Capital Solutions for Business Growth
Manage your business cash flow efficiently with Overdraft (OD) and Cash Credit (CC) facilities from leading banks and financial institutions. TaxCrafted Solutions provides expert assistance in securing OD and CC limits with competitive interest rates, minimal documentation, and faster approvals to meet your day-to-day working capital requirements.
Overdraft (OD) and Cash Credit (CC) are working capital financing solutions that help businesses maintain smooth operations without disrupting cash flow.
An Overdraft (OD) facility allows businesses to withdraw funds from their current account beyond the available balance up to a sanctioned limit. Interest is charged only on the amount utilized and for the period it remains outstanding.
A Cash Credit (CC) facility is a revolving credit limit primarily sanctioned against business assets such as stock, inventory, and receivables. Businesses can withdraw funds whenever required within the approved limit, making it an ideal solution for managing operational expenses and seasonal cash flow fluctuations.
At TaxCrafted Solutions, we help businesses secure the right OD and CC facilities through leading banks and NBFCs with complete support for eligibility assessment, documentation, application processing, and loan approval.
Everything you need for faster OD & CC approval.
Common questions about Overdraft (OD) & Cash Credit (CC) Facilities.
An Overdraft (OD) facility allows businesses to withdraw funds beyond the available balance in their current account, usually against collateral such as Fixed Deposits, property, or financial securities. Cash Credit (CC) is primarily provided against business assets like inventory and receivables to finance working capital requirements. Both offer flexible borrowing, but their security and purpose differ.
Interest is charged only on the amount actually utilized and for the number of days it remains outstanding. Unlike traditional business loans, interest is not calculated on the entire sanctioned limit, making OD and CC facilities cost-effective for managing short-term cash flow.
In most cases, Cash Credit facilities are secured against stock, receivables, machinery, or other business assets. Depending on the sanctioned amount and lender policies, additional collateral such as commercial or residential property or Fixed Deposits may also be required.
Most Overdraft and Cash Credit facilities are sanctioned for one year and require annual renewal. During renewal, banks review updated financial statements, GST returns, Income Tax Returns, stock statements, and business performance before extending or enhancing the limit.
Yes. Several banks and NBFCs offer unsecured business overdraft facilities based on business turnover, banking history, credit score (CIBIL), and repayment capacity. However, unsecured OD facilities generally carry higher interest rates and comparatively lower credit limits.
Proprietorship firms, Partnership Firms, LLPs, Private Limited Companies, Traders, Manufacturers, Service Providers, and MSMEs with regular business operations, satisfactory financial records, and a healthy credit profile can apply for OD or CC facilities.
The documents generally required include:
Yes. Businesses with improved turnover, stronger financial performance, better repayment history, and increased working capital requirements can request an enhancement of their existing Overdraft or Cash Credit limits, subject to the lender’s approval.
TaxCrafted Solutions offers complete assistance from eligibility assessment and documentation to lender comparison, application processing, interest rate negotiation, renewal support, and limit enhancement, ensuring faster approvals and hassle-free working capital financing.
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