My business requires an element of financial flexibility in order to be prepared for unexpected eventualities. An overdraft facility operated as a limit on my Business Current Account, enables me to have funds available to meet my daily working capital requirements. Normally overdrafts are quick to arrange thus, I will have access to the required funds in a short period of time. My Customer Relationship Manager will be available to discuss my plans and needs and propose an overdraft limit and interest rate which best suits my business. Overdraft facilities are cost efficient as interest is only paid on the amount I use. I can ulitise my overdraft to suit my temporary cash flow shortfalls and I will repay withdrawn balances as soon as I have the funds available. Although repayable on demand, the term of my business overdraft can be tailored to suit my requirements. Overdrafts are normally reviewed every six months or at other agreed intervals. |