Overdraft

Sometimes, timing is just against you. Clients are late with payments, you just spent a large amount of capital on expansion, and suppliers need to be paid. While you may not want to commit to a loan, there are other solutions that can see you through times of tight cashflow colliding with overdue client invoices.

An overdraft facility allows you to pay your suppliers and vendors even if you don’t have the available balance to do so, making sure that you keep your trade partners happy while waiting for your invoices to be paid.

Apart from helping you manage sudden spikes in demand for cashflow, an overdraft facility also benefits your business because unlike a loan, you don’t pay any interest on what you don’t use. This keeps your costs and cashflow under control and helps daily operations flow smoothly too.