FINANCE OPTIONS

^£700k Business Overdraft – Apply Now

Q: How much can my business borrow with an overdraft?

Business overdraft limits typically range from £10,000 up to £2,000,000. Factors influencing your maximum limit include your turnover, credit history, and the assets available if you seek a secured overdraft.

Q: What are the typical interest rates and fees?

Interest rates for business overdrafts generally fall between 2.5% and 10% above the Bank of England base rate, depending on security and credit profile. Some lenders may also charge arrangement or review fees.

Q: How quickly can I access funds after applying?

Lender decisions are typically made in 1 to 3 weeks. Once approved, funds can be available within 1 to 2 additional weeks, depending on any extra requirements and the completeness of your application.

Q: Are business overdrafts regulated in the UK?

Overdrafts for sole traders and partnerships are regulated under the Consumer Credit Act 1974. Different disclosure and transparency rules apply for limited companies, ensuring fair treatment and clarity.

A £700k business overdraft is a flexible credit facility linked to your business bank account, enabling you to access additional funds up to an agreed limit when you need to manage cash flow. This short-term finance option supports companies in covering day-to-day operational expenses, seizing opportunities, or handling unforeseen costs. Businesses use overdrafts for their adaptability, as you only pay interest on the balance you use. This flexibility helps ensure smooth operations and reduces cash flow pressure without the commitment of a traditional loan.

Secure up to £700,000 in £ Business Overdraft with Funding Agent.

Secure up to £1,000,000 in Secure up to £700,000 in £ Business Overdraft with Funding Agent. with Funding Agent.

Fastest and easiest application process
Dedicated support
Loan disbursed within 24 hours
No additional charges for early repayment

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Key ^Benefits of a £700k Business Overdraft

Choosing a business overdraft gives your company valuable flexibility without the constraints of a fixed-term loan. Competitive rates, variable usage, and fast access to working capital make this finance tool attractive for UK SMEs looking to keep operations moving smoothly and respond quickly to financial needs.

Flexible cash flow

Manage unexpected costs

Support business growth

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of Business Overdraft Facilities

Secured Business Overdraft

Secured overdrafts are backed by business assets, offering higher limits up to £2 million over 12 to 60 months. They suit established firms with substantial assets and financial history.

Secured Business Overdraft

A secured business overdraft typically requires assets such as property or equipment as collateral. This security allows for higher borrowing limits and potentially more competitive rates, with interest from 2.5% to 6% over base. The lender will conduct asset valuations and legal checks, and limits are often reviewed annually. This option is popular in asset-heavy sectors and is designed for bridging cash flow gaps or handling unexpected expenses.

Unsecured Business Overdraft

Unsecured overdrafts rely on your business’s credit profile, not assets. Limits range from £10,000 to £500,000 with flexible terms and suitable for solidly performing SMEs.

Unsecured Business Overdraft

An unsecured business overdraft does not require the business to pledge assets, meaning less documentation and a quicker decision process. Suitable for established SMEs with strong cash flow and good credit, these typically run from 6 to 24 months and carry interest rates of 4% to 10% over base. Often used for managing cash flow or seasonal funding requirements in sectors like retail and services.

Revolving Credit Facility

Revolving credit provides ongoing access to funds between £100,000 and £1,000,000 for up to 36 months. Ideal for growing businesses with fluctuating capital needs.

Revolving Credit Facility

A revolving credit facility works much like an overdraft but may have higher limits and more formal structure. Businesses can draw, repay and redraw funds as needed. With interest rates from 3% to 7% over base and terms from 12 to 36 months, this suits companies requiring ongoing flexibility for large projects or variable cash flow, especially in industries with irregular income patterns.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to Access a £700k Business Overdraft via Funding Agent

Submit Initial Request

Enter your basic business data and outline funding needs via the Funding Agent platform’s online application form to start comparing overdraft options.