This both loans are for finance, but they work and structured differently.
Cash credit is like a flexible pot of money you can dip into whenever you need, and you pay back what you borrow whenever you can. It’s handy for managing short-term expenses or sudden costs, like fixing equipment or covering bills.

A term loan is like borrowing a set amount of money for a specific purpose, such as buying a house or a car. You get the money upfront, and then you pay it back over time with interest, usually in regular installments. Term loans are great for bigger things like expanding a business or buying expensive equipment.