^£650K Revolving Credit - Apply Now

To access an overdraft facility, your business usually needs a strong credit history, a business bank account, and shown revenue. Limits typically range from £5,000 to £500,000, and they operate on an indefinite or annual renewal basis. Interest rates are set 3% to 8% above base rate. Applying involves the bank reviewing your financials and credit standing. Sectors such as retail, manufacturing and services use overdrafts to handle peaks and troughs in their cash position.

Business credit cards are available to properly registered UK businesses with good credit. Typical credit limits run from £1,000 to £50,000, and charges are billed monthly at rates between 15% and 25% APR. Decision timescales are usually several working days. This facility is popular with consultants, freelancers, and small retailers to separate and track business expenditure efficiently.

Asset-based revolving credit facilities allow your business to borrow between £50,000 and £2 million by using assets such as inventory or accounts receivable as collateral. Terms typically run between 1 and 3 years, with revolving access and rates from 4% to 10% above base. Lending decisions take around 2 to 4 weeks, depending on the complexity of asset valuation and business performance review. These are well suited to wholesale, distribution, and manufacturing sectors seeking to fund operational or growth requirements.