Who can get a business overdraft?
Business overdrafts are available to UK-registered Limited Companies and Limited Liability Partnerships that:
- have (or are happy to open) a Business Rewards Account as their main business current account via which they’ll manage all UK turnover
- have been trading for more than 24 months
- have a turnover of more than £500,000 (or above £300,000 if application supported by the Growth Guarantee Scheme)
- can show that they’re profitable