Short-term Financing

Best means of rendering your budget flexible!

Definition

This facility is aimed at financing your daily needs and enables you to overcome discrepancies in cash management discrepancies and shortages which may come about as a result of the operations cycle of your company. The overdraft facility may be permanent or punctual.

Which companies are concerned?

Whether you are a Sole Proprietorship Company, Common Interest Group or Economic Interest Group, you can be granted this facility.

Amount

This is determined by:

• The number of transactions you carry out
• The need expressed
• Forecasts of reliable cash flows that should put the account in order

Duration

Credit Facilities: Usually granted for very short term (do not exceed 3 months)
Overdraft Facility: 1 year renewable

How to obtain this facility

	Advantages Funds are made available without delay. Flexibility in the use of funds granted. Immediate responsiveness of the bank vis-à-vis a customer´s request.