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.
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:
Pay suppliers and settle expenses without needing to wait for invoices to be paid.
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.
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.
* An arrangement fee will apply and is related to the type of facility, e.g. New, Term Increase (including ‘Renewals’) and/or Limit Increase, and the amount you choose to borrow. These terms will be discussed with you before you take out the facility. To cover our administration costs for smaller facilities, there will be a minimum charge of between £200 and £250 which may result in the overall charge being more than 1.5%.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.