Guide Contents

Business Overdrafts
Finding the best Business Overdraft
Applying for a Business Overdraft
Frequently asked questions about Business Overdrafts
Where to get more help and advice about Business Overdrafts

Business Overdrafts

Cash flow is one of the biggest stumbling blocks for many businesses and a business overdraft facility is just one of many solutions which can ease the some of this pressure.

Business overdrafts work in the same way as those which are attached to personal bank accounts. They are a pre-arranged facility which is organised and agreed in advance between the account holder and the bank.

Other ways of raising funds to help improve cash flow may include;

• Unsecured loans
• Secured loans
• Borrowing from relatives or investors
• Government grants

All of the above should be considered before making a decision to use an overdraft to ensure the cost implications and conditions of the overdraft are the most effective form for raising the required funds at that given time.

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