The Secured Merchant Services Overdraft product is there to help businesses improve their cash flow while waiting on their receivables; It is a buffer system put in place to assist with meeting business expenses during a slow sales period with flexible repayment terms.
Merchant Services Overdraft (Secured)
Must have had a Merchant account for at least 2 years to qualify.
The Overdraft amount that you would receive would be based on the value of the average monthly debit and credit card receivables.
CIBC FirstCaribbean International Bank
CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking.
23-27 Knutsford Boulevard, Kingston 5