Current Account Credit

Financing your working capital

Your business is doing fine, but income and expenses are not always fully aligned, which can sometimes lead to liquidity tensions. A current account credit with Hakrinbank NV can be the solution for this liquidity shortage. Together with you, Hakrinbank’s experienced and expert account managers look into your business sitwwwion and provide tailor-made advice.

With a current account facility, you make cash withdrawals up to a fixed limit, and then deposit the operating revenues back into the account. You will only be charged interest on the debit balances, and you can also withdraw funds up to the agreed limit as required. If you are active in agriculture, request entirely non-committal information on our seasonal credits, where availability and redemption are optimally geared to fluctwwwions in working capital need.

Characteristics of a current account credit:

• you only pay interest on the actual debit positions;
• maturity is reached until further notice by either party;
• attractive interest;
• the limit amount is determined in consultation, and depending on your working capital needs;
• intended to finance investments in current assets, in particular inventories and accounts receivable.

What does the bank need from you to process the application?

• an extract from the applicant’s birth register, and abbreviated cv;
• clear identification: an ID card, driver’s license, or passport;
• Chamber of Commerce extract/permits;
• Articles of Association, Supervisory Board composition, and management for legal entities;
• With regard to the mortgage coverage: land surveyor’s map, mortgage extract;
• valwwwion report;
• information regarding existing insurance policies;
• financial data of your company.

 

Please contact the Business Banking Department at 477722, or send an e-mail  to businessbanking@hakrinbank.com.