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03
Dec

Understanding the Different Types of Cash Advances

A cash credit (CC) is typically a temporary source of funding for a small business. Simply put, a cash credit is simply a bridge loan. A cash credit is typically used to fulfill current short-term obligations prior to securing long-term funding. As such, cash credit lines are typically used by SMBs that are in early stages of operations or have been established as profitable businesses. In many cases, cash credits…

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