^£50k Business Overdraft - Apply Now

Traditional bank overdrafts require an existing business bank account and usually a healthy credit score. After applying through your bank and providing financial statements, approval can take 1 to 2 weeks. Limits typically range from £1,000 up to £100,000, with interest rates of 3% to 7% above base rate. Annual reviews decide if the facility is renewed, serving common needs such as managing cash flow in retail or service sectors.

Online overdrafts are accessed through digital banking platforms, offering quicker decisions, often within 1 to 3 days. Application and eligibility checks are automated, supporting rapid funding needs. Limits run between £500 and £50,000, with interest rates from 5% to 10% above base rate. This product suits businesses needing high flexibility and rapid response, such as tech startups and agencies.

Revolving credit facilities require robust financial history and suit businesses with long-term funding requirements. After submitting financial documents and undergoing a thorough assessment, approvals usually take 2 to 4 weeks. Facilities range from £10,000 to £500,000, with rates between 4% and 8% above base rate. These credit lines are well suited to manufacturing or wholesale businesses seeking flexible growth finance.