Get cash flow relief and emergency funding through the bank’s Overdraft facility for Corporate customers.
- 6 months active account.
- Marketable collateral.
- Memorandum of association / articles of association.
- Board resolution to borrow from the Bank
- Cash flow projections.
- Business plan and company profile.
- Insurance policy covering full value of the collateral with our financial interest duly noted.
- Audited financial statements and management accounts
- Up to 60% of business turnover
- Up to 80% of acceptable collateral value
- Working capital, purchase of stock
- Base Rate + Risk-Based margin
- Subject to renewal every 12 months
- Additional temporary facilities of up to 10% of existing limit are permissible.
- Ability to bridge cash flow gaps.
- Can be used to finance administration and operation expenses.
- Can be used for working capital