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Get cashflow support
Pay for stock and other costs without waiting for your sales income.
A flexible overdraft that moves with your business demands
An overdraft could help you deal with seasonal trends and short-term cashflow challenges. Borrow up to £50,000 unsecured – the money could be available to you in days.
A business overdraft provides you with access to additional funds up to an agreed amount that you can use as and when you need to. They can help with cashflow issues and unexpected expenses, and may be preferable to a business loan because you only pay interest on the overdraft balance.
Unsecured overdrafts of up to £50,000 available to help with your day-to-day cashflow
Easy to arrange
Faster access to funds (if unsecured is approved)
Business bands |
£1,000 – £5,000 |
£5,001 – £10,000 |
£10,001 – £15,000 |
£15,001 – £20,000 |
£20,001 – £25,000 |
Product Level |
---|---|---|---|---|---|---|
Representative customer margin |
11.92% |
11.48% |
10.57% |
9.01% |
8.80% |
10.57% |
Representative EAR* (variable) |
17.71% |
17.20% |
16.16% |
14.38% |
14.14% |
16.16% |
Overdraft fees |
From £25 up to £150 |
From £100 up to £295 |
From £175 up to £295 |
From 1.4% up to 2.5% of the limits |
From 1.4% up to 2.5% of the limits |
|
* EAR means Effective Annual Rate. We provide it to let you make comparisons against other overdraft products. To calculate the EAR, we take both your interest rate margin and the current Bank of England Base Rate, which you are charged on your overdraft, and compound it every month over a year. The EAR does not include any fees or charges that apply to your overdraft. It also does not take account of any future Bank of England Base Rate changes. There may be an overdraft fee applied to cover the cost of providing it.
* Rep EAR - representative Effective Annual Rate (representative EAR) is the advertised rate (or a lower rate) we reasonably expect will be offered to at least 51% of customers, who are accepted for and enter into the overdraft agreement as a result of the advertising or marketing. The rep EAR does not include any future Bank of England Base Rate changes.
Interest will accrue daily and be applied to your business current account in arrears on a monthly basis.
Pay for stock and other costs without waiting for your sales income.
You can apply to increase or decrease your overdraft limit as your business needs change.
Only pay interest on overdrawn balances, which you can repay any time.
Increase or decrease your overdraft limit as circumstances change
Only pay interest on overdrawn balances, which you can repay at any time
Interest is calculated on daily overdrawn balances, at an agreed margin over the Bank of England base rate
Fees and interest are debited to your current account on our usual charging dates (available on request) either monthly or quarterly, in line with your current account tariff
Overdrafts are repayable on demand and typically reviewed annually
Overdrafts are subject to application and status
We want to make sure you get the best borrowing solution for your needs.
Other borrowing solutions might be available that could be better suited to your circumstances. If you'd like to find out about possible alternatives, please call3 your Relationship Team or go to the homepage of your Barclays app4 and select ‘Call Us’ under the ‘Contact us’ section.
I have a Barclays business account
If you already bank with us, you can now start an application digitally at any time and place that’s convenient for you. Log in to our app or Online Banking and go to ‘Products and Services’. Answer a few questions and we’ll generate a list for you to consider. If you don’t have the app or Online Banking or would prefer to speak to us, call us5 on 0333 202 7431. We’re here Monday to Friday, 8am to 8pm.
Why not have us call you back?
If you want to apply or find out more about this finance option, you can request a callback from one of our Business Relationship Managers.
Manage cashflow and employee spending limits6with secured and unsecured options.
Up to 56 days interest-free when you pay your balance in full and on time
Variable rates after 56 days
Maximum borrowing dependent on circumstances
Unsecured borrowing that helps businesses spread the cost of a purchase over a set period7.
Borrow up to £100,000
Fixed or variable rates
Monthly repayments from one to five years
Compare our business borrowing with borrowing offered by other lenders9. You can find out more about the government’s Bank Referral Scheme [PDF, 1.4MB], including eligibility information.
Its award-winning technology searches the market to find the right funding for your business’ situation. It’s quick, easy to use, and their team’s on hand if you need help.
It offers a free and easy way to find different funding options, focusing on making things simple for business owners who don’t have much time on their hands.
It shows you competing offers from lenders, to make sure you see the best terms. You’ll see quotes from up to 45 lenders, in a simple format, so you can easily compare and choose the offer that’s best for your business.
It shows you the broad range of funding options that are available to businesses across the UK and Ireland. After assessing your needs, it matches you with the right solution from over 1000 providers.
Business overdrafts are subject to application and status. Security may be required. Financial information may be required to support your application for a new or renewed overdraft. We offer a fair appeal process should you feel we've not taken all your circumstances into consideration.Return to reference
The Lending Code: Barclays Bank UK PLC adheres to The Standards of Lending Practice which is monitored and enforced by The Lending Standards Board. The Lending Code sets minimum standards of good practice when dealing with certain customers in the UK in relation to loans, current account overdrafts, charge cards and credit cards. Further details can be found at the Lending Standards Board. See also our guides to our commitments to you, what we’re responsible for and what we ask of you. Our commitments to you [PDF, 562KB] Our commitments to business customers [PDF, 559KB].Return to reference
To maintain a quality service, we may monitor or record calls. Call charges.Return to reference
You need to be 18 or over to access this product or service using the app. Terms and conditions apply.Return to reference
To maintain a quality service, we may monitor and record phone calls. Call charges.Return to reference
The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered. The interest rates may differ from those shown.Return to reference
Not available for all industries and subject to normal lending assessment, status and application. Terms and conditions apply.Return to reference
Business overdrafts are subject to application, financial circumstances and borrowing history. Terms and conditions apply.Return to reference
We show you other options because we want to make sure you make the best decision for your business.Return to reference