Business Overdraft

Regardless of the size of your business, that much-needed cash flow that covers salaries and other expenses fluctuates constantly. Now you can ensure that your cash flow is always positive with an overdraft facility from BOB. Your business will benefit from a source of readily accessible funds at a pre-approved limit and an established interest rate ensuring that transactions occur without a hitch.

Benefits

  • Access to working capital at a pre-approved limit and interest rate
  • Short term revolving funding assists helps cash flow management

Important Features

  • You are not tied to specific dates for drawdown or repayment
  • The maximum term is twelve months but the facility can be renewed prior to expiry
  • There is an annual facility fee for this service

 

Pay the interest charges only on the funds you use for as long as you have them.

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