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 are offering overdrafts from £50,001 up to £250,000 backed by the government Coronavirus Business Interruption Scheme (CBILS), which helps customers by providing an overdraft facility which has arrangement fees and interest paid by the government for the first 12 months. For further information
  • 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 overdraft 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
  • UK-based businesses only

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

Find out more and apply

Call us

Existing customers
0345 835 3858 

New customers
0345 835 3858 

Other finance options available


Find out more and apply

To enquire and apply, please use our

Business Overdraft enquiry form

If you have any questions, please do give us a call.

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