Securing an overdraft

I am having trouble securing an overdraft, do you have any advice?

Banks look very closely at your ability to repay and they are more encouraged that you will meet your obligations if you have shown a record of saving and keeping within your means in the past.

It’s also true to say that the more money you have, the easier it is to get credit.

This is of course sounds crazy because the person who needs to be able to borrow is the person without the funds, but that’s the way it works.

This helpful guide ‘Finance options for start-ups‘ will provide you with some good advice.

Also see: What are the best alternatives to a business overdraft?

Related Topics

Business Bank Accounts

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