Banking for Business

Overview Banking Services for Business

Money Transmission Advice International Services Loans Leasing Night Safe Facility Paypath

Documents needed when applying for a business loan

Banking Services for Business

Money TransmissionsMethods of paying bills

Cheque Book Credit Transfer (once off) Standing Order (fixed

amount) Direct Debit (variable amount) Plastic Cards (Visa, etc)

Banking Services for Business

Advice on:

Forms of business ownership

Sources of finance Taxation

Banking Services for business

International services

Foreign currency exchange

Money transfers to other countries

Banking Services for Business

Loans

Short Term – Bank Overdraft (raw materials)

Medium Term – Term Loan (car or computer)

Long Term – Long Term Loan or Mortgage (loan for a house)

Banking Services for Business

Leasing

Renting vehicles and equipment

Banking Services for Business

Night Safe Facility

Putting money into the bank after opening hours

Banking Services for Business

Paypath

Paying employees wages directly into their bank account by

bank giro/credit transfer

Documents needed to accompany a loan application from a company

1. Memorandum of Association (external rules)

2. Articles of Association (internal rules)

3. Written agreement of directors

4. Signatures of people authorised to sign cheques

5. Proof of where the deposited money has come from

Recap/Review Banking Services for Business

Money Transmission Advice International Services Loans Leasing Night Safe Facility Paypath

Documents needed when applying for a business loan