Solutions include overdrafts, bridging working capital finance, loan restructuring and payment relief, and assisting with applications to the Covid-19 SME loan scheme.
Importantly, the solutions are tailored to each individual business and client. Nedbank won’t apply a one-size fits all model as they know each business has different circumstances and requirements.Overdrafts are one of the most common solutions to cash flow pressures. They are easy to use — the funds are available in clients’ bank accounts, and easy to manage because clients can see at any time how much they’ve used and what funds are available.
Nedbank’s business bankers can assist with overdraft and overdraft extension applications, as well as identifying bridging working capital finance needs and offering financing solutions that can meet these needs.Level 4 lockdown restrictions saw some businesses reopening. However not all businesses are able to operate and some can only operate under restricted conditions, resulting in limited sales and revenue.
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