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Business Overdraft

With our Business Overdrafts, you can make sure that extra funds are available for when you need them. Apply for an amount that suits you, and only pay interest on the funds you use.

Features and benefits

  • Make sure extra funds are there when you need them.
  • Only pay interest on the funds you use.
  • Apply for a limit that suits your business.
  • Read our charter to find out how we're committed to lending to businesses.
  • The interest rate you will pay on your overdraft is linked to the Bank of England Bank rate, which may change from time to time.

 

We know it’s important to have an overdraft you can rely on. If your request is reasonable, we’ll grant it. We also promise not to change the availability of your extra funds as long as you keep within the agreed terms and limits.

Tell us about your business’s plans and needs. We will then agree on an interest rate and let you know if we require any security. You’ll pay an arrangement fee of up to 1.5%*, which is related to the amount you borrow, and we’ll discuss the terms with you before any overdraft is taken out.

To apply for our Business Overdraft, you should:

  • require the overdraft for business use
  • be a sole trader, partner or director with authority to borrow on behalf of your business
  • be aged 18 or over.

An arrangement fee of up to 1.5%* applies and is related to the amount you borrow.

Lending rates for overdrafts apply.

On the phone

0800 022 4378

Call us to talk to one of our relationship managers. We are available from 9am to 5pm Monday to Friday.


Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

How to apply

Enquire online

Completing our online enquiry form takes about 10 minutes. Once we receive it, we'll contact you to discuss your business needs in more detail.

On the phone

 

0800 022 4378

Call us to talk to one of our relationship managers. We are available from 9am to 5pm Monday to Friday.

    Loan calculator

    Calculate your total repayment with our easy-to-use tool.

    Finance selector

    A convenient way to help you decide which of our finance options could be right for your business.