Many a times it happens that Businessmen or Organisation choose the wrong financial product for them and get into the problems. Banks and Financial Institutions are having different products for different financial needs of the organisation, but sometimes businessmen without thinking in deep just go for the money in whichever form it comes, whether it suits or not, which becomes the wrong decision afterwards.
Sometimes Bank/FIs executives/Officers also without asking the actual need of the customer, just offer the product which is easier for them.
It is advisable to get CC Limit or OD Limit for short term need or working capital need of the organisation like investments in Current Assets and take Term Loans or Long term loans for the purchase of fixed assets or assets of longer life.