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Business Finance  /   Overdraft Line
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Overdraft Line
Overdraft helps you plan expenditure and when you’re likely to require an injection of funds to cover monthly bills and payments or the cost of capital and raw materials. You may need to apply for an overdraft (Line of Credit) to cover these expenses if your cash flow projection demonstrates a potential short-fall in your bank balance. We can arrange you an Overdraft line to meet your business needs in UAE. Call us at +97167475144 or send an email to info@crmfinancing.com

Requirement
  • 12 month bank statement of Business account
  • Years in business: Minimum 3 years
  • Clear repayment history of any other loans
  • Business turnover of minimum AED 10 million per year
  • Profitability: Net profit to be positive for last 2 years
  • Audited financials (Balance Sheet) – 2 years
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