Even the most well managed businesses may have to deal with unforeseen events and unexpected expenses. And that may mean finding extra short-term funds at short notice. A business overdraft can help ensure that you have funds in place and available immediately should the unexpected happen.
We know it’s important to have an overdraft you can rely on, that is why when a limit has been agreed your Business Overdraft will provide instant access to funds.
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:
Where eligible, you can get an immediate decision and an overdraft up to £25k opened within minutes. Simply log on to Internet Banking and select ‘Overdrafts’ from the right hand menu.
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.
Call us to talk to one of our business management team.
Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.
One of our business management team will be happy to speak with you about your application.
However, before you get in touch, please make sure you’ve prepared answers to the following:
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 amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%.
Calls may be recorded for our mutual protection, training and monitoring purposes.
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.