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Businesses Funding Business Overdraft

finance options - business overdraft

Compare business overdrafts today with Capitalise.

Or give us a call today on 020 3696 9700.
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Great way for SMEs to establish a financial buffer.

A business overdraft is a great way for SMEs and mature businesses alike to establish a financial buffer that can be used alongside a range of other financing options. They are typically offered as an additional feature connected to a business bank account and allow companies to spend beyond their existing account balance.

Capitalise works with a number of the UK's leading high street and online only banks in order to help you source the perfect business overdraft for your needs.

Or give us a call today on 0203 696 9700.

WHat is business overdraft

WHY USE A BUSINESS OVERDRAFT

Businesses overdrafts offer an additional line of credit for use alongside your business bank account. They are one of the most popular ways for businesses to source additional lending and come with a range of advantages, including:

Quick and Easy Application

Apply for business overdrafts online through your Capitalise profile and receive carefully underwritten decisions in just a few business days.

Flexible Credit Limit

Request changes to your credit limit as your business needs evolve in order to get the maximum possible benefits to support business growth.

Simple to Use

Business overdrafts are a feature included with many business bank accounts and these funds can therefore be accessed using a traditional business debit card or through online purchases and transfers.

Online Management

Monitor your credit limit, view transactions, make transfers and more by accessing your overdraft facility through online business banking.

Who is a Business Overdraft For?

Affordable and accessible business finance.

Many growing SMEs will often try to employ various different forms of credit in order to continue the growth of their business in an affordable and accessible way. However, this isn't always possible with certain loan types seen as an additional risk to new lenders when assessing a new credit application.

Business overdrafts can often be used in tandem with existing credit facilities since they are offered as a bank account feature. Although a thorough assessment is still required whenever an application is made, they can be easier to source than lending streams such as a merchant cash advance, trade finance and asset finance due to their more generalised eligibility criteria and accessibility.

Or give us a call on 020 3696 9700.

HOW DOES A BUSINESS OVERDRAFT WORK?

Banks use a number of factors such as your existing and projected revenues, as well as your creditworthiness as a business, when deciding both whether to accept your application and what your credit limit should be.

It acts as an extension to your existing balance and can be drawn upon in exactly the same way as your current banking capital. Your bank will monitor the funds coming in and out of the account over a period of time and may periodically alter your available overdraft balance to meet your affordability and spending requirements.

Capitalise can help you to find banking partners who can not only provide you with an easy to use, transparent overdraft facility, but can also provide advice based on their wealth of experience and knowledge dealing with other businesses similar to yours.

Ready to get started?

Creating your Capitalise profile takes just a few short minutes, so find out how a business overdraft can help you by registering your company today.