A Line Of Credit (LOC) or Overdraft, once attained, assists with facilitating purchases, wages and business expenses.
The prime focus of an overdraft is to create cash-flow, which is not currently present in a business. It functions similarly to a business credit card (minus the fees and minimum monthly payments). There is a predetermined credit limit; hence, setting a credit limit from the beginning, defining how the business is allowed to draw on funds.
Do you have further questions? It is time to get in touch today, so that we may answer them.
Clients have different needs and wants, which is why we want you to be open with us from the first point of contact about your goals or where you are experiencing difficulties in your lending journey. At UQualify our aim is to maximise your opportunity in securing the best lending required to suit your purpose.
