A Line of Credit for Your Business Needs

A Business Overdraft can provide the extra cash your business needs to cover seasonal or working capital requirements. Essentially, an overdraft is a method of allowing an account balance to operate in debit up to a pre-approved limit. These facilities are usually secured against property.

An overdraft facility is an excellent product for a new or near new business with less than two years of trading, as most finance providers will not provide finance to most small to medium business in Australia with less than two years trading history.

An overdraft is a common and flexible form of credit, for many customers a business overdraft is essential for managing cash flow.

A Business Redraw Facility provides flexibility through accessible funds, similar to a home loan redraw facility. Additional payments can be made on the loan with the option of accessing this money if needed in the future.

An alternative to a business overdraft and business redraw facility is factoring or invoice discounting facility. Debtor Finance is provided against the existing business debtors with funding being advanced usually within 48hrs of the debtor being sold to the debtor finance provider.

To find out what product best suits your needs call us for a free consultation on 1300 311 411