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Authorized Overdraft is a short-term credit line that lets you put your account into a debit position for a specific period of time while waiting for a specific cash inflow. This makes it possible to supplement temporarily insufficient working capital and finance a well-defined operation (stockpiling, waiting for an insurance payment, …)
Subscription
Simplified
1
Written application
2
Financial statements for the last 3 financial years signed by the manager and with the company stamp
3
Income statement N + 1
4
Cash flow forecast for one year
5
Management report and general information on the business
AUTHORIZED OVERDRAFT...
In the same category
faq
Frequently asked questions
Do I have to repay the overdraft with a single payment?
An Authorized Overdraft is repaid with a single payment when the expected funds arrive.