Short-Term Loan (Overdraft) is the financing of short term needs of businesses.
This loan is used from the company to cover short-term expenses as: payment of liabilities, inventory payments, employee salaries etc.
- Financing offered in currencies ALL, EUR, USD
- Loan maturity up to 12 months with renewal possibility (subject of review by the Bank)
- Interest calculated on daily basis and is paid only for the used amount.
- Repayment: the interest is paid each month while the principal is paid on the maturity date of the loan.
For more information, please contact SBE Division of American Bank of Investments.
Our specialized staff will be at your disposal.
*) If the interest rate on the loan depends on EURIBOR and the EURIBOR value falls below zero, this value will be considered zero for calculating the interest rate.