Overdraft

Working capital is one element that reveals more about the life of your business than
any other – regardless of its size. Without a positive and steady flow of working capital, growing financial pressures will often place an undesirable burden on the day-to-day running of your business.

In light of this, our overdraft facility has been typically designed to finance your stock, debtors, creditors and overhead cycles. One unique thing about our offering is that it comes with an option of a call loan that helps you get a better deal in terms of pricing hence helping you save more.

Our solution can help alleviate capital pressures, revitalise cash flow and keep the wheels of your business turning.

• Helps bridge up  your cash flow
• Flexible repayment period of up to 12 months but renewable and available on demand
• Dedicated Relationship manger to manage your account
• Competitive interest rates
• Security .i.e. any registered collateral to the value of the overdraft (Note that unsecured overdraft is negotiable)

• Have an existing account with Nedbank
• Business plan
• Audited financial statements for limited liability companies
• Latest management accounts
• Cash flow projections
• Aged debtors and creditors list