Many businesses still fund their cashflow through a traditional bank overdraft. It’s only when they come to renew it or look for an increase, they may find their bank is unwilling to go the extra mile. Overdraft providers tend to base their underwriting decisions on past financial records rather than where a business is going. If the business is going through a difficult period, they can find themselves with facilities being withdrawn or at the very least see increased fees.
Covid-19 Business Support
PLEASE NOTE THAT THE CBILS & BBLS is now closed to new applications