Business Overdrafts

All businesses need to be flexible, so it’s good to be ready for the unexpected. A business overdraft will make sure that extra funds are available when you need them.

Features and benefits

  • Be ready for the unexpected
  • Only pay interest on the funds you use
  • Apply for an amount to suit you

Our commitment to support your business

  • We will meet every reasonable request for competitive commercially-priced finance (whether short-term or long-term) from viable business customers
  • We will not change the availability of overdrafts during the period of a customer’s agreement, as long as their accounts are kept within agreed terms and limits
  • We will do our best to support any viable business through temporary difficulties and into recovery

 

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.

Rates and charges for business overdrafts

View our Business Lending rates

Tell us about your plans and needs, we will then agree the interest rate with you and let you know if we require any security. An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the overdraft.

Before you apply

To apply for a business loan from TSB you will need to confirm the following:

  • Check you are eligible
  • You are a sole trader, partner or director
  • You are aged 18 or over
  • You require the account for business use

Have this information to hand

  • How much you would like to borrow
  • The purpose of the finance
  • How many months you would like to make the repayments over
 
*An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%.
 
There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

Find out more and apply

Call us

Existing customers
0345 835 3858 

New customers
0345 835 3858 

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Speak to a Relationship Manager on 0345 835 3858.
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