Don’t let anything slow you down. Keep dreaming. Keep growing.
IBL Bank’s overdraft facilities help your business cover daily cash flow shortages and can finance up to 70% of your working capital needs. Our overdraft facility conditions are tailored to your working capital and credit score. Ideal for businesses in Lebanon, Iraq and Cyprus.
Highlights:
- Overdraft Amount: No specific limit
- Sectors Covered: Open to all commercial sectors
- Currency: LBP, USD and EUR (facilities in other currencies can be granted upon IBL's approval)
- Tenor: One year/Evergreen facility
- Collateral: Case by case
- Interest Rate: Variable interest rate. The rate is set according to market conditions and the credit score