Business Overdraft
Jamaica
The Business Overdraft from CIBC is a flexible and easy-access short term financing facility when available funds fall short of your need. The customer is not tied to specific dates for drawdown or repayment and can pay the interest charges only on the funds you use and only for as long as you have them. The maximum term is twelve months, but you can renew prior to expiry. The customer can receive an easy access to working capital. Within an agreed overdraft limit, finance is available without restriction. They can also significantly enhance the ease of cash flow management with this short-term revolving solution.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
All
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
N/A
Documents Required
N/A
Application Process
N/A
Other Information
The annual fee for this service gives good value for money.
No transfer fee
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
876-935-4714
876-929-9247
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