^£850k Business Overdraft - Apply Now

This option involves pledging assets as security, with eligibility often improved by a strong credit record and solid trading history. After you provide documentation and collateral details, lenders review your credit profile and perform asset valuations. These overdrafts are usually renewed annually and offer variable rates typically 2% to 7% above base rate. They’re well suited for managing substantial expenses or smoothing out cash flow for businesses in construction, manufacturing, or wholesale sectors.

To qualify, you’ll need to provide recent bank statements and financial details. Approval is based on your creditworthiness and company performance. These overdrafts offer fast decision times—often within 3 to 5 days—though the interest rates, generally between 5% and 12% above base, may be slightly higher than secured options. They’re useful for retail or service businesses looking for swift, fuss-free access to short-term working capital.

This facility operates on a rolling basis, usually reviewed annually, and offers flexible, ongoing access to cash. Approval requires thorough financial forecasting and is based on consistent performance. Rates are typically 3% to 9% above base, and decisions can take up to two weeks. Sectors such as healthcare, professional services, and large retailers often benefit from this structured cash flow management tool.