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Business overdrafts

Business overdrafts

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.

Unsecured overdrafts available of up to £50,000

We’ve been supporting UK businesses for over 300 years, so we know how important it is to build strong relationships. If you’ve banked with us for more than 6 months and run your account well, you could borrow up to £50,000 unsecured on a business overdraft. It’s a bit of help from us when you need it.

  • Access to a substantial, flexible overdraft to help with your day-to-day cashflow
  • Easy to arrange  
  • Faster access to funds (if unsecured is approved)

Rep EAR 10.45% On unsecured overdrafts of £1,000 to £25,000
Lowest customer margin available from 5.01% over Bank of England base rate

Business bands

£1,000 – £5,000

£5,001 – £10,000

£10,001 – £15,000

£15,001 – £20,000

£20,001 – £25,000

Representative customer margin
(excludes Bank of England Base Rate)

10.39%

9.48%

9.07%

7.57%

7.57%

Representative EAR* (variable)

11.73%

10.72%

10.27%

8.64%

8.64%

Overdraft fees

From £95 up to £250

From £195 up to £295

From £225 up to £295

From 1.6% up to 2.5% of the limits

From 1.6% up to 2.5% of the limits

* EAR means Effective Annual Rate. We provide it to let you to 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 at least 51% of customers who are accepted for and enter into the overdraft agreement as a result of the advertising or marketing will get. The rep EAR does not include any future Bank of England Base Rate changes.

Interest will accrue daily and be applied to the borrower’s business current account in arrears on a monthly basis. 

Key features and benefits

If you need convenient access to short term borrowing fast, then a business overdraft could be right for you12.

Flexible borrowing

You can apply to increase or decrease your overdraft limit as your business needs change.

Get cashflow support

Pay for stock and other costs without waiting for your sales income.

Minimise borrowing costs

Only pay interest on overdrawn balances, which you can repay any time.

What you need to know

  • 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 the Bank's 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

Ready to apply or want to find out more?

Barclays customers

Call us on 0333 202 7446 3Lines are open Monday to Friday, 8.30am to 6pm.

Have access to Online Banking?

Log in to see if you have a provisional lending limit without affecting your credit rating4.

Other products that may interest you

Business credit and charge cards

Business credit and charge cards

Manage cashflow with a credit or charge card

Choose a Barclaycard to suit your business – credit cards for flexible borrowing or charge cards if you pay the balance off each month6.

  • A choice of credit cards or charge cards7
  • Introductory offers available
  • Extras including enhanced travel insurance and foreign exchange savings

Invoice finance

Unlock cash tied up in your outstanding invoices

Seize new opportunities, help grow your business, improve cashflow – these are just some of the ways your business could benefit from invoice finance7.

Loans

Business loans

You know your business. We know how to help.

It’s the hardest job you’ve ever done. And the best decision you’ve ever made. We know how to help you take the next step, with unsecured business loans of up to £100k8.

Other funding options

Compare our business borrowing with borrowing offered by other lenders9. You can find out more about the government’s Bank Referral Scheme, including eligibility information.

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Funding Options

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.

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Alternative Business Funding

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.

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Funding Xchange

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.

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Swoop

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.