A small business overdraft is like a safety net provided by a bank. It allows you to spend a little more money than you have in your account, so long as you can pay it back later.
Overdrafts are often a helpful business finance option for handling small, temporary financial gaps, but it's important to be cautious and not rely on them for long-term funding.
Overdrafts are usually quick and easy to apply for and can help you access cash quickly when you need it most.
You’re also only allowed to borrow up to a certain limit, which means you don’t have to take out a large loan all at once. It’s also flexible and doesn’t tie you down to a long-term loan.
If you’re considering an overdraft for business, get in touch with us today. One of our specialists will be able to advise you on how to get started with tailored advice for your business.
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