^£500k Business Overdraft - Apply Now

Secured business overdrafts require assets such as property or equipment as collateral. With amounts from £10,000 to £500,000 and annual reviews, this facility suits businesses with valuable assets and good credit history. Applications involve submitting financial and asset details, credit checks, and asset valuations. Sectors like manufacturing and retail often benefit from access to larger overdraft amounts and competitive interest rates, typically ranging from 3% to 7% over the base rate.

This overdraft type caters to SMEs with a positive trading record and solid credit score, usually offering between £5,000 and £250,000. Decision times are often one to two weeks, and interest rates fall between 6% and 12% over base rate. The process involves reviewing your financial documents and passing a credit check, making it suitable for consultancies, food services, and smaller import/export businesses seeking straightforward cash flow support.

Revolving credit facilities are ideal for well-established firms with steady income and good credit. Facilities can range from £50,000 to £500,000, are flexible for up to five years, and offer interest rates typically between 4% and 10% over base rate. After submitting full financials, eligibility and terms are set, supporting ongoing cash flow management and funding regular expenses or expansion as needed. Commonly used by wholesalers and software companies.