The Overdraft Facilities allow companies and other clients to cover the shortage of daily cash flow to finance 70% of their working capital needs. The Overdraft Facility conditions are set based on the clients' working capital and credit score.
- Amount: No specific limit
- Economic Sector: All commercial sectors
- Facility Currency: LBP, USD and EUR (facilities in other currencies can be granted upon the bank's approval)
- Tenor: One year/Evergreen facility
- Collateral: Case by case
- Interest Rate: Variable interest rate. The rate is set according to the market conditions and credit score