Business Overdraft

Ensure extra funds are available to you, for when you might need them.

Find out about the Bank of England Bank Rate, and how a change may affect your borrowing.

What is a Business Overdraft?

A Business Overdraft can provide you with a safety net – because we know that your cash flow can be impacted by situations out of your control.

Have the confidence that you have the cash flow you need for day to day spending, and peace of mind that payments will be made as long as you stay within your limit.

Features and benefits

  • Simple pricing
    Flexible borrowing that can be adjusted to suit your requirements, and easy to understand pricing for unsecured overdrafts up to £25,000 (varies with the Bank of England bank rate).
  • Apply for a limit that suits your business, and only pay interest on funds you use
    Overdraft limits start at £500, and if you set up a planned overdraft you will only pay interest on the funds you’ve used.
  • Avoid any unauthorised borrowing charges by having funds available when you need them. 

Keep in mind

  • In the event that the Bank of England bank rate moves, your interest rate will move immediately by the same amount without any prior notice to you.
  • Usage fees or annual fees will apply depending on the amount you borrow.
  • If you borrow more than your planned overdraft limit, unauthorised borrowing charges will apply.
  • A Guarantee may be required for Limited Companies and Limited Liability Partnerships

Business turnover between £0-3 million

 

Business turnover between £3m-£25m

 

Get a Business Overdraft quote for up to £25,000

Get a Business Overdraft quote for up to £25,000

See how likely you are to get a Business Overdraft without affecting your credit rating. View indicative interest rates and repayment details. 99% of customers who used this tool and opened the same product received an offer rate that was the same, better or no more than 10% above their indicative quote.

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  • You can apply for a Lloyds Bank Business Overdraft if:

    • You’re aged 18 or older
    • You’re a sole trader, partner or company director with authority to borrow on behalf of your business
    • You require the overdraft for business use. 

  • Business Loans

    Whether you need cash to solve an unexpected problem or to make the most of an opportunity, we’re here to help with our Business Loans. 

    Find out more

    Credit Cards

    Our Business Credit Card provides a useful tool to pay for everyday expenses, and could improve your business’s cash flow.

    Find out more

    Invoice Finance

    Pay suppliers and settle expenses without needing to wait for invoices to be paid.

     

    Find out more

    Asset Finance

    Replace or invest in new equipment or machinery, without tying up your funds.

    Find out more

Lending appeals

Appeals for borrowing. Business finance declined? You can ask for the decision to be reviewed.The right type of funding can play a vital role in helping your business reach its potential. If your lending application is declined, we will work with the British Bankers’ Association to pursue any raised appeals.

More about lending appeals

Help and support

Talk to us

If your business has a turnover between £0-3m call 0345 072 5555

For businesses with a turnover between £3m-£25m call 0800 022 4395

We’re available from 9am to 5pm, Monday to Friday, except public holidays. 

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. 

All lending is subject to status. Security may be required.


Overdrafts are repayable on demand. 

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Lending Standards Board logo

Important Legal Information

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.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: 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.