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Business Overdraft

For those times when your business has less predictable business expenses, a CIBC FirstCaribbean Business Overdraft will make sure that extra funds are available when you need them.

A Business Overdraft is a convenient and flexible short-term financing solution.


Benefits
  • Access to working capital - within an agreed overdraft limit, finance is available without restriction
  • Cash flow management - short-term revolving funding

Features
  • You are not tied to specific dates for drawdown or repayment
  • The maximum term is twelve months but the facility can be renewed prior to expiry
  • There is an annual facility fee for this service
  • Pay the interest charges only on the funds you use for as long as you have them