What you get
- Interest accrues on only borrowed funds
- Ability to borrow up to 70% of your average monthly turnover
- Available for up to 12 months
Business Overdrafts
Gain convenient access to flexible funding with the Business Overdraft and
meet operating expenses, stock up for business seasons or pay suppliers.
Requirements
- Projected cash flows statements for the business for at least 12 months
- Bank statement for the last 12 months
- Proof of Income e.g. tenancy agreements, contracts, LPOs etc
- Copy of title deed being offered as security
- Copy of Valuation report prepared by a firm of bank approved valuers
- Trading Licence
- Credit Reference Bureau (CRB) registration confirmation form or card
