Are you looking for a Business Overdraft?
A business overdraft is a flexible source of short-term cash that helps you deal with unexpected costs and allows you to manage your changing requirements throughout the year. Essentially, an overdraft is a way of allowing an account balance to operate in debit up to an agreed level.
What are the benefits of a business overdraft?
- They reduce timing differences between payment of creditors and receipt of money from your debtors
- The ability to pay interest only on the funds you use
- A variable interest rate
- Fluctuating balance with no set repayments
Access to your fund in a variety of ways including cheque, online, or telephone banking