All businesses have ups and downs — an overdraft stays in place, so you can use it whenever you need it. There are no fixed repayments, and you’ll only pay interest on what you use.
This is a flexible, fast and accessible solution for your business needs. In an emergency this facility allows you to withdraw by cheque, cash or pre-authorised payment to continue your operations.
An overdraft might be right for you if you frequently have gaps in supply and payment, or you regularly need to purchase materials in advance. Unlike a business loan, you’ll only pay interest on what you use, and you can pay it off (and re-use it) whenever you like.