overdraft

7 Alternatives if Your Bank Withdraws Your Business Overdraft

7 Alternatives if Your Bank Withdraws Your Business Overdraft

Overdrafts can be extremely useful for managing cashflow, especially for businesses with uncertain or seasonal trading. Unfortunately, over the last few years there has been pressure on traditional bank overdrafts that will only get worse, leading to strong demand for alternative finance options. Luckily, alternatives are emerging, but with a wide variety of lenders and finance types it is difficult to know where to go next. Here, Conrad Ford of Funding Options gives seven sources of alternative finance if your bank removes or reduces your business overdraft. Finance your invoices For businesses looking to expand, invoice finance helps you to grow with less risk and is a good option for businesses with unpaid invoices who need to access capital quickly. Many providers will make you commit ... »