The FBNBank Secured Overdraft is designed to help your business grow by providing you with an Overdraft to finance your working capital requirements
- Maximum amount does not exceed 25% of shareholders’ funds
- Maximum tenor of 12 months
- Supports business growth and expansion
- Bridges gap between customers’ working capital and receivables
- Convenient repayment plan (structured in line with expected cash flow)
- Gives unlimited access to funds under the limit requested
- Competitive interest rates
- Application letter
- Duly completed loan application form
- Certificate of registration of business entity
- Audited financials
- Company’s financials
- Other Banks’ statement of account of 12 months preceding application
Who Can Apply?
- Businesses in need of funding
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