WCDL (working capital demand loan) is a type of loan used by businesses to finance their day-to-day operations. It is usually provided by banks and other financial institutions within the assessed working capital limits of the borrower.
Some of the benefits of WCDL are:
It helps businesses to meet their short-term cash flow needs and cover expenses such as inventory, wages, rent, etc.
It offers flexibility and convenience as businesses can access funds when they need them and repay them according to their cash flow cycle.
It can also be used for other purposes such as expanding operations, purchasing equipment, etc., depending on the lender’s terms and conditions.