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Business overdraft

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

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

    • How to apply for a Business overdraft Apply for a business overdraft online or by telephone.

    Features & Benefits of Business Overdrafts

    With a business overdraft from Lloyds TSB, you can make sure that extra funds are there when you need them.
    • Apply to borrow from £1,000.
    • Only pay interest on the funds you use.
    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.

    Security may be required. 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 loans are subject to status 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.

    At a glance

    At a glance

    Our commitment to support your business through the economic downturn:
    • 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 the recovery.
    Read our Charter to find out how we're commited to lending to businesses.

    More information about Business Overdrafts

    If you would like more information before you apply either call 0800 056 0048 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) or complete our request for further information form.

    How do I apply for a new business overdraft?

    You can apply for a business account online, by phone or at your local branch.

    How to apply for a Business overdraft
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    Contingency planning and crisis management
    Disasters and serious incidents happen. Does your business have effective contingency plans in place to deal with them?