OVERDRAFT FACILITIES

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Overdraft facilities

Cashflow funding, quick decision, same day finance

Is your business in need of an overdraft facility?

There are times when businesses will need to source finance to help ease those peaks and troughs in their cashflow. This is where an overdraft style facility may be beneficial to your business, if approved, you would typically be given a 12 or 24 month facility that allows you to drawdown on funds as and when your business requires them.

You would only be charged for money that you have drawn-down on, with interest being added daily, weekly or monthly, though with the ability to pay the funds back at any time with no additional fees or charges.

These overdraft facilities give businesses the flexibility to cover short term cash flow issues, such as unexpected bills, waiting for invoices to be paid, growth or even stock.

Do I need to offer security on an alternative overdraft facility?

All our funders offer unsecured facilities, though it would also depend on the funder, product, and amount that you would like to secure.

Are alternative overdraft facilities expensive?

If used in the correct fashion then you should be happy with the facility, we would not recommend businesses taking out large facilities and running it to the limit over a long period. It is designed to be used on a sporadic basis, with the drawn-down funds settled once your business has the funds.

What do I need to apply for a revolving credit facility?

Depending on the loan amount and the age of your business, our funders will typically require:

  • No financials and instant decisions on applications of £15,000 or less

  • 3 – 6 months bank statements
    (Depending on amount applied for)

  • Last 4 quarterly VAT returns
    (Depending on amount applied for)

  • Last full set of company accounts

  • Most recent P&L and Balance Sheet
    (if available)

Why not contact your Revolving Credit Facility specialists today?

The Funding Store have a team of account managers who are happy to discuss your options with you. No matter what route you take our team has relationships with a wide panel of reputable lenders offering various business funding solutions. We can help source the finance that meets your business’s needs.

Contact us today to discuss the finance you need or apply for a Quick Quote online, without obligation in minutes.

How it works

Are you looking for a hassle free loan application with
no hidden fees and no upfront charges?

We are continually reviewing funding providers to bring you choice, competitive rates and flexibly to access the right finance, at the right time. But most importantly, we are passionate about what we do. This is evident in our enthusiasm and commitment to assisting you at each stage and after you have secured your finance.

Sourcing finance, supporting growth

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Overdraft facilities made simple

We work with all types of businesses including retail, recruitment, construction, engineering, agricultural, professional services and many other industries.

We provide a one to one service, from discussing and understanding your needs to finding loan providers and securing your chosen finance. All without any commitment.

If we cannot find a finance option that you are completely satisfied with, there will be no cost to you for our assistance.

Contact our overdraft facilities finance team today

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