Borrowing options
- Fixed Rate Loans
- Business Term Loan
- Commercial mortgages
- Asset finance
- Professional practice loan
- Small Firms Loan Guarantee
Managing cash flow
Overdrafts
Manage your day-to-day
cash flow
Security may be required.
Your home or property may be repossessed if you do not
keep up repayments on your mortgage
Our committed overdraft facility could give your business the advantage of greater freedom and flexibility. So whether you've got future plans you want to put into action - or simply have some unexpected expenses to pay - that extra flexibility can always come in handy. The committed overdraft facility means that your facility will be guaranteed for 12 months from the date of agreement. It is subject to customers staying within their agreed terms and conditions.
Overdraft benefits
- Flexible terms - we can agree an overdraft for any period up to one year
- Instant access - with our committed overdraft, your funds are ready to use when you need them
- Borrow what you need - our relationship manager will agree your borrowing limit with you
- Interest calculated daily - the variable interest rate is linked to our base rate. Interest is charged to your account quarterly
Overdrafts Arrangement Fees
Our arrangement fee covers the cost of discussing, assessing and setting up your overdraft, plus our ongoing costs during the term of the facility.
Here are our normal overdraft fees. They may vary, depending on your specific needs.
| Overdraft Amount | New Overdrafts | Renewed Overdrafts |
|---|---|---|
| £0 to £500 | £50 | £50 |
| £501 to £1500 | £100 | £100 |
| Greater than £1500 | 1.75%(£150 min) | 1.50%(£150 min) |
Business Buffer zone – overdraft of £500 available to Start up Businesses only – fee free for the first year, £50 in the second.
Protect your loan repayments
Business Loanguard could insure your repayments against the death, sickness or injury of the business owners, partners, directors and key employees. Subject to terms and conditions.