Breach of overdraft limited.

  • Well established printer invested heavily in digital printing equipment with HSBC AF.
  • Performance downturn but additional funding not available as digital equipment was in ‘negative equity’.
  • Customer breached O/D and was supported by HSBC with increased facility.
  • Continued to stretch facility.
  • B2B asked to refinance working assets to reduce O/D, which we did.
  • Customer back within O/D limit and relationship with the bank retained.