Advantages:

It is made available to fund your cash needs in the short term, bridging the gap between revenues and expenditure.

Characteristics:

·         The overdraft facility rating is based on the activity of your company

·         The need for cash facility can range from 15 days of sales for commercial companies and services to one month of sales for industrial companies.

Constitutive documents folder:

• Written request.
• Financial statements of the last 3 financial years.
• Property Location
• Guarantees proposed.
• Forecast cash flow status for 12 months..
• Terms of sale and purchase.