PrivatBank overdraft has been developed with a purpose to confer the possibility for entrepreneurs in balancing their working capital needs swiftly in order to take advantage of emerged opportunities for business growth. The maturity of the loan is up to 12 months and the application processing is free of charge, also the granted overdraft can be used in the volume as is necessary to the company at a given time.
“Overdraft is useful in cases when the daily available working capital is not sufficient for quick response to changes and opportunities. This short-term loan will allow to seize the moment with great deals or solve short-period issues when the estimated cash receipt from partners is delayed. Our special advantage – overdraft application is processed quickly and free of charge, thus providing the necessary funds to the company’s current account promptly,” comments Deputy Head of Lending Department Liene Feldmane.
The loan is issued in euro and secured by the company’s future cash in the current account, in some cases additional collateral may be requested. Taking into account the diverse business profiles of entrepreneurs, PrivatBank also offers overdraft without collateral.
You can find out more about overdraft on the bank’s website.