Overadvance
Overadvance
An overadvance is the funding of debt that will be used by a company to build its inventory prior to a high sales season (such as the winter holidays). Since the debt is taken prior to the expected spike in sales, the loan amount will temporarily exceed the company's accounts receivables balance.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
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