• Business Overdraft

  • When you need to be ready for the unexpected.

    Even the most well managed businesses may have to deal with unforeseen events and unexpected expenses. And that may mean finding extra short-term funds at short notice. A business overdraft can help ensure that you have funds in place and available immediately should the unexpected happen.

  • Key Features

    • Apply for a limit that suits your business.
    • Only pay interest on the funds you use.
    • In the event of movement in the Bank of England bank rate your interest rate will move immediately by the same amount without any prior notice to you.
    • Business overdrafts are subject to an arrangement fee. The amount of that fee is dependent on the amount you borrow.

    You can apply by calling 0345 606 028

  • Features and benefits
  • How to apply

Features and benefits

  • A Bank of Scotland business overdraft can help you ensure that extra funds are ready and waiting should you need them.

    • Available to Bank of Scotland business account customers on approval.
    • Apply for an amount to suit you.
    • Interest is only charged on the funds you use.

    Talk to us about your plans and needs and we’ll let you know what overdraft we could make available. We’ll agree interest rates with you and let you know if we need security on your borrowing. We’ll also discuss all terms and conditions with you before you take out your business overdraft.

How to apply

  • By phone

    You can apply by calling 0345 300 0268.

    When you apply
    You’ll need to confirm that:

    • you are a sole trader, or a partner or director of the business
    • you are over the age of 18
    • the finance you wish to secure is for business use only.

    Please view our finance application checklist.

  • Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.
  • All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

    You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.