This loan is intended for entrepreneurs and businesses who need sufficient funds to finance operational needs. The subject of financing are current assets, primarily solvent receivables, or additionally even stock. In light of the purpose of the loan being monitored, it is provided as a regulated limit. You can use the overdraft in Czech crowns or in select foreign currencies.

Benefits

Using the overdraft you can ensure sufficient funds for your company for general financing, with the possibility of modifying the amount of the loan depending on your needs in regular monthly transactions.

Other merits include:

A term of notice that allows the contractual relationship to be terminated without giving a reason, at any time during the course of the validity of the loan contract,
Not having to state the final repayment decreases the demands on administrative processes for the annual evaluation of the performance of the terms and conditions of the contractual relationship (formerly the necessity of signing amendments, or a new contract),
The lowest interest rates in comparison to other loans.

Get Acquainted

You can use the short-term loan in crowns or in select foreign currencies in regular monthly transactions.

Parameters of loan:

The loan is provided for an indefinite period and with a notice of termination of three months,
The amount of the loan used is regulated according to the current state of assets financed and your requirements,
Interest is paid regularly each month,
A floating interest rate comprised of:
The rates of the interbank market (PRIBOR or EURIBOR depending on the currency) and
The margin derived from the company risk,
We set the fees individually,

The credit can be secured with:

Receivables from commerce (most common method),
Real estate (with insurance immobilised to the credit of CSOB),
A deposit (a right of lien to a deposit with CSOB),
A third-party guarantee.

Terms of Use

A current account kept with CSOB.

Along with the application you must submit:

Basic information on company,
Information on the subject of financing,
An officially verified copy of the decision of the relevant authorities on authorisation for entrepreneurial activity, or a document substantiating legal subjectivity,
Annual financial statements for the period of the last three years (for companies with auditing obligations verified by an auditor), annual report, and auditor's report (if these are compiled),
Tax returns for the last three years (including attachments submitted to the Financial Authorities),
Economic results for the last month and the corresponding month of the previous year covering the accounting statements (balance sheet and statement of profit and loss),
Business plan signed by the statutory body of the company with characteristics of the productive activities given as well as other important information on previous development, status, and prospective productive activities,
Financial plan for the period of credit engagement,
Confirmation of freedom from indebtedness towards the Financial Authorities, the Czech Social Security Administration, and the relevant health care company,
A declaration of mutual bonds with other entities,
Any bank references to the company and its owners,
A document on secured sales from production (depending on the nature of production).

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