Get ProtectedBusiness Overdraft
Our Business Overdraft is a revolving credit line that offers you standby cash up to an agreed limit, which you can choose to use anytime.
Features:
- Convenient way to access extra funds anytime
- Cost effective daily interest calculation on utilised amount
Suitable for:
- Sole Proprietors / Partnerships / Private Limited Companies
- MCST / Charities / Non-profit Organisations
Documentation:
Standard documents:
- Certificate of Registration - section 16 & 17 (for sole Proprietor and Partnership only)
- Certificate of Incorporation and Form X, Memorandum and Articles of Association, List of Shareholders and their particulars (for Limited Company only)
- Identification Card (IC) or Passport of sole proprietor / partners / directors / shareholders / guarantors
- Profit & Loss Balance Sheet of past 3 years (audited / management) - minimum 2 full years and latest financials not more than 6 months old from date of application
- Projected Profit & Loss for the current financial year
- Past 6 months company / personal bank statements
- Latest debtors and creditors aging report
- Organisation chart / management team
- Brief write-up of company profile / background
Terms and Conditions:
Please refer to the Account Terms and Standard Terms and any other documents forming our banking agreement.