The ING Business line of credit is a revolving overdraft facility that gives your business access to additional funds by allowing you to overdraw your ING current account. This gives you continuous liquidity without apply for new financing each time you need extra funds. The maximum amount for an ING Business Line is 25,000 euros. If you need more than 25,000 euros, ING Opticash is the overdraft credit facility that allows you to access a line of credit, starting at 25,000 euros.
"}},{"title":"What are the repayment terms?","richBody":{"value":"There is no fixed repayment schedule. You withdraw funds as needed and repay them by simply transferring money into your current account. You only pay interest on the credited amounts you actually use. This credit facility has an unlimited term. The money is always available via your current account. You repay it by transferring money to your ING current account at your own pace. You only pay interest on the amount you actually use. ING calculates this interest every 3 months and debits it from your current account automatically. This interest is also tax deductible as a professional expense. And if your business is a startup* you can benefit from exceptional conditions.
* A startup is a self-employed person or business whose professional activity was established within the last 18 months.
"}},{"title":"What are the fees?","richBody":{"value":"You pay a one-off upfront study cost, a quarterly arrangement fee, a quarterly commission calculated on the amount of credit granted, and interest on the credit used. During the first 2 years, startups* do not have to pay arrangement fees.
*A startup is a self-employed person or business whose professional activity was established within the last 18 months.
"}},{"title":"How does the application for an ING Business line?","richBody":{"value":"Apply here if you are an ING-client
"}}]}]}}}