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Secured Overdraft Facility |
Secured Business Overdraft facilities are an ideal source of working capital funding when business expenses are unpredictable.Business overdrafts can be arranged to suit your needs and you can repay the balance when you are able.
Benefits of business overdraft facilities:
- Convenient, flexible working-capital finance
- Matched to your specific borrowing requirements
- Easy to administer
- Minimise costs
- Available in all major currencies
- Interest rate linked to base rate in sterling or relevant currency
Although repayable on demand, the term of your business overdraft can be tailored to suit your requirements.Banks will seek to secure the agreed overdraft facilities in a variety of ways and often this will include freehold premises, fixtures and fittings, debtor book, or stock. It is currently acknowledged that Invoice Finance is the preferred method of working funding for the high street banks, and further information can be seen under the drop down menu Confidential Invoice Finance/ Factoring.
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