
Business Overdraft
A Business Overdraft is an extension of a client’s normal banking account with an approved arrangement to overdraw to an agreed credit (or overdraft) limit, and is often available for any relevant commercial purpose. It is good option to cover short term financial needs to cover working capital requirements where cashflow is tied up with debtors or stock.
The overdraft facility provides access to an agreed limit of funds and you can draw the funds down at any stage as long as the amount drawn down and the interest charged remain below the agreed limit.
A business overdraft works by providing access to an agreed amount of money. You can draw down up to your limit at any stage, and there are no repayments required as long as the amount you have drawn down and the interest charged does not exceed your agreed limit.
WHY CHOOSE QUEST HOME LOANS?
The fully qualified consultants at Quest Home Loans understand how important your financial future is. They take the time to get to know what your specific objectives are now and into your future endeavors. We not only find the right solution for you but we provide you with as much information as possible so that you make educated decisions every step of the way. With our panel of lender experts you know you’re provided the most up to date options.
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