Overdraft Facilities
Overview
The Overdraft Facility gives entrepreneurs financial flexibility to allow businesses to meet working capital needs. Through overdraft facility businesses can overdraw accounts, hence, provide additional access to meet working capital needs.
The Overdraft Facility gives entrepreneurs financial flexibility to allow businesses to meet working capital needs. Through overdraft facility businesses can overdraw accounts, hence, provide additional access to meet working capital needs.
- Applicants must be at least 18 years of age
- At least three years’ experience operating the same or a similar business
- The business must have a steady cash flow
- Applicants must have a premise (owned or rented)
- The borrower must have applicable business license/permit
- Applicants must open or have a CRDB Business Account –CRDB Biashara Account.
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