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 funds at short notice.
A Business Overdraft can help ensure that you have funds in place and available immediately, should the unexpected happen.
You can apply for a Bank of Scotland Business Overdraft if:
- You’re aged 18 or older
- You’re a sole trade, partner or company director with authority to borrow on behalf of your business
- You require the overdraft for business use.
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.
All lending is subject to status. Security may be required.
Overdrafts are repayable on demand.