Business Overdraft

An overdraft is a simple business financing solution, linked to your business current account, that gives you peace of mind that any short term cash flow requirements will be covered.
 
  • You can choose a reference interest rate for your arranged overdraft. Either the Bank of England Base Rate or the 3 month ICE LIBOR (formerly known as BBA LIBOR) as provided by the ICE Benchmark Administration & Currency Account Rates​ rate - whichever suits your business best. Each of these rates is subject to change. The 3 month ICE LIBOR rate usually changes every day
  • We will add a variable margin to the reference interest rate
  • Overdraft set up fees and Renewal fees are negotiable. Details of the amount, rate of interest and fees charged will be confirmed when your application is agreed

 

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