Overdraft Extension

[buyaka]

I currently have a 5k overdraft facility on my companies business account. I'm right at the limit of that now and need more money.

I've 18k of invoiced work out there, the payment for which will be due in at various stages over the next 8 weeks.

If I can show my bank manger this is he likely to allow me a temporary overdraft extension on my account?

Its Ulster Bank

 

[demoivre]

Ultimately it depends on your track record I would say.

 

[pjmn]

Will also depend on how much you owe creditors at the moment...