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