Buffer products are short term finance facilities which fill the funding gap left by withdrawal of overdrafts.
The defining feature is that you borrow as and when you need money (typically maximum 3 months) and are not tied into a rolling contract.
Buffer products can take the form of an unsecured loan, or may be secured against assets including:
– Personal assets such as cars, jewellery etc.
– Confirmed orders.
– Credit card receipts.
– Property (Commercial or residential)