A small overdraft is a convenient tool to ensure stable cash flows when the company faces unexpected expenses, delays in collections or needs to acquire current assets. You can provide collateral for the limit of a small overdraft with a guarantee issued by the private people who own the company. Providing collateral does not incur any further costs.
The minimum credit limit is 1,000 euros
The maximum limit can be anything up to half of the company’s monthly turnover or 15,000 euros
The overdraft limit is linked to the current account of the company, meaning the account balance can become negative
The overdraft is repaid from positive cash flows from current business activities. Credit payments and repayments can be made for any amount within a fixed limit
Interest is only calculated on the used part of the limit
There is no fee for signing a small overdraft contract
For Legal entity operating minimum 24 months we shall present our decision regarding the financing upon submission of all necessary documents. We shall present our decision regarding the financing in one business day upon submission of all necessary documents.
Audited (if the company is subject to auditing) financial reports from the previous financial years, as well as balance sheet and income statements for the current financial year, not older than three months.
You may be required to provide additional documents