A business overdraft is a cash flow buffer in the form of a credit line with no restrictions on number of withdrawals or repayments. One can use this limit as per their business requirements with a convenience to pay off whenever they can without any penalty and no interest gets charged after that. The interest is levies on daily outstanding balance of the overdraft facility and not the entire limit.
A business overdraft is popularly used for:
Eligibility
The eligibility for business overdraft is determined by the following factors, which demand you to have:
Broc Finance is one of the fastest growing finance brokers in Australia, with a demonstrated history of facilitating business financing solutions, including business overdrafts. Our team comprises experienced professionals who help you connect with the top lenders across Australia, owing to the robust network that we have built over the years. We offer customized financing solutions to clients, after doing a quick assessment of the business types and objectives.
What makes us stand apart from the rest?
Yes, the lenders can increase your limits on reassessment of your application. You can just get in touch with us, and we can get it sorted in no time.
The interest rate varies in each case and will depend on various factors like the business trading time, industry, banking, credit history etc. Please contact us and our experts will be able to run you through an obligation free indicative quote without leaving any trace on your credit file.
We offer business financing solutions to clients basis low documentation and bad credit history. Reach out to us to know the details regarding the same.
Contact us today and discover how our expertise can help your small business thrive.
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Broc Financial Services Pvt Ltd.
ACN 648 088 304
Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328