Small businesses and companies use a bank overdraft to help them manage their cash flow. We can arrange an overdraft facility that allows you to write cheques and withdraw money from current account. There is an approved overdraft limit set up and is considered a short term loan. It is also known as a standby credit facility and is reviewed yearly. A variable rate is usually charged for this service and you only have to pay interest on the amount that you have used. However an annual bank fee may apply for the use of this service.
Contact us for a discussion about your business financial needs. We will would like to assist you to determine if this type of facility is a suitable option for you, and if so, to coordinate the entire process for you.