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How Can a Small Business Benefit from an Overdraft Facility?

Published on 04 June 2024
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Small businesses in India, especially Micro, Small, and Medium Enterprises (MSMEs), play a crucial role in the economy. However, these businesses often face financial challenges that can hinder their growth. One valuable financial tool that can help them overcome these challenges is the overdraft facility (OD). Let's explore how a small business can benefit from an overdraft and make use of the facility to help the business grow.

Also Read: Understanding Overdraft Facility: A Simple Explanation

Also Read: What Can You Do To Improve Your Credit Score?

In short, an overdraft facility can assist small businesses in India with managing their finances more effectively. It provides flexibility and access to cash when required. This can be beneficial for businesses that may face unexpected expenses or cash flow challenges. An overdraft can help small businesses in India manage their finances better. Small businesses can use an overdraft facility to borrow money. This can help them with financial issues and take advantage of growth opportunities. It also supports the country's economic development.

Also Read: Is an Overdraft Facility Better Suited for Your Business Than a Term Loan?

Godrej Capital offers Flexi Funds, an overdraft-like facility, along with its loans for businesses such as the unsecured Business Loan, Professional Loan for Chartered Accountants (CAs) and Doctors, and Loan Against Property (LAP) and Udyog LAP in the secured segment. This flexible funding option offers small businesses greater financial control and agility to meet their evolving business needs.

Disclaimer:

The contents of this article are for information purposes only and not a financial advisory. The information is subject to update, revision, and amendment and may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Godrej Capital or its Affiliates to any requirements. Godrej Capital or its Affiliates shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any decisions, financial or otherwise based on the contents and information mentioned. For more information, please visit www.godrejcapital.com

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