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Sometimes seasonal - or unseasonal - cash flow fluctuations can throw your business off-kilter. Whether it's covering overheads, paying staff, or buying inventory, business owners looking for help with their short-term cash flow can choose to opt for a Macquarie Bank business overdraft. Approved limits start from $50,000 and interest is only charged on what you draw down.
Macquarie business banking currently specialises in accounting, architecture, car dealers, engineering, financial services, healthcare, insolvency, insurance, legal, real estate, strata management, surveying and technology industries. If your business is in one of these industries, you may want to consider a Macquarie business overdraft.
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Product Name | Macquarie Bank business overdraft |
---|---|
Min. Loan Amount | $50,000 |
Max. Loan Amount | No maximum amount |
Loan Security | Secured |
A Macquarie Bank business overdraft works much like any other business overdraft, in that it allows you to overdraw funds on your business's debit account up to an approved limit at your discretion, to bolster cash flow fluctuations. With a Macquarie business overdraft, pre-approved credit limits start at $50,000. Maximum limits will depend on your business's financial standing and whether you have an existing relationship with the bank. Please note that Macquarie business overdrafts are not provided on a standalone basis. They are only available in addition to other products, e.g. business debit accounts.
Interest on a Macquarie business overdraft is only charged on the amount that you draw down from your pre-approved limit. So, you won't be charged for any funds that you do not use.
To apply for a Macquarie Bank business overdraft, borrowers must contact the bank directly and request a callback to discuss their situation. Once you've requested a callback, Macquarie will allocate you a professional consultant who specialises in your particular industry.
Features associated with a Macquarie business overdraft include:
Macquarie Bank customises costs based on a number of factors regarding your financial situation and that of your business. However, with a business overdraft you can expect to pay:
Click "Go to site" on this page to visit Macquarie Bank's website directly and request a callback. In order to be eligible for this business overdraft, you will need to:
All applicants are subject to credit approval and other terms and conditions and eligibility criteria may apply. Please contact the lender directly for further details.
Please always remember to compare your business loan options carefully before submitting an application.