Do you need a quick financial instrument to cover the liquidity shortage? Now you can easily get a cash account limit to cover the temporary shortage of funds by quickly converting the receivables into cash.
What are the advantages of the cash account limit?
It is granted for a period of 18 months, with a maximum withdrawal period of 12 months;
It has a revolving character, the drawdowns can be performed at any time during the validity period;
If it is granted punctually, for a single drawdown, the limit takes the form of a non-revolving facility;
The financed value is maximum 80% of the value of the secured payment instruments / invoices assigned in favour of the bank;
The amounts released from the limit can be reimbursed in maximum 90 calendar days;
The reimbursement of the facility and the payment of the interest due are carried out by collecting the assigned invoices and/or cheques and/or promissory notes mortgaged in favour of the bank.
In addition, if you want to contract a loan in the maximum amount of 300,000 EUR (or equivalent in lei), but not more than 30% of the annual turnover, you will benefit from a quick approval and a simplified analysis, in this case the period of granting being of maximum 15 months, with the possibility of using this limit for a period of maximum 12 months.