Business Overdraft
Get a Business Overdraft to help you acquire
stock for trading or to help you meet other recurrent obligations in your
business such as payment of staff salaries against a clear source of repayment.
Great features
- Flexible repayment period of up to 12 months
- The overdraft facility must be 50% of average turnovers for a given period, usually 12 months
- Interest is charged only on funds drawn out of the account
- Flexible collateral requirements
- Quick processing
What you require to sign up
- Application for the facility to be supported by documentation such as invoices, orders etc
- One must provide financial information (bank statements for the past 6 months and a copy of your financial card)
Why you should sign up for this product
- It has simple requirements
- Client obtains credit hence easing increase/ improving on liquidity