Business overdrafts | Barclays (2023)

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Business overdrafts | Barclays (1)

A flexible overdraft that moves with your business demands

See if you’re eligible

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.

What is a business overdraft?

A business overdraft provides you with access to additional funds up to an agreed amount that you can use as and when you need to. They can help with cashflow issues and unexpected expenses, and may be preferable to a business loan because you only pay interest on the overdraft balance.

Unsecured overdrafts of up to £50,000 available to help with your day-to-day cashflow

Easy to arrange

Faster access to funds (if unsecured is approved)

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)






Representative EAR* (variable)






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 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 will be offered to at least 51% of customers, who are accepted for and enter into the overdraft agreement as a result of the advertising or marketing. The rep EAR does not include any future Bank of England Base Rate changes.

Interest will accrue daily and be applied to your 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.

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Get cashflow support

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

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Flexible borrowing

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

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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 our 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?

I have a Barclays business account

Log in to Online Banking to see your provisional lending limit without affecting your credit rating3. If you don’t have access to Online Banking give us a call on your usual number or 0333 202 74314. Lines are open Monday to Friday, 8am to 8pm.

Log in to apply

I’m new to Barclays

Call us on 0800 515 4624to see how we can help. Lines are open Monday to Friday, 9am to 5pm. We’ll need to see certain identification documents and financial statements when you apply.

See if you're eligible

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All business borrowing

We can help you get off the ground or expand

Explore all of our business options

Higher loan7and overdraft8amounts might be available if you call 0333 202 74314

Your borrowing options

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[PDF, 1.4MB], 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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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.

Important information

  1. Business overdrafts are subject to application and status. Security may be required. Financial information may be required to support your application for a new or renewed overdraft. We offer a fair appeal process should you feel we've not taken all your circumstances into consideration.Return to reference

  2. The Lending Code: Barclays Bank UK PLC adheres to The Standards of Lending Practice which is monitored and enforced by The Lending Standards Board. The Lending Code sets minimum standards of good practice when dealing with certain customers in the UK in relation to loans, current account overdrafts, charge cards and credit cards. Further details can be found at the Lending Standards Board.Return to reference

  3. Not all customers can apply for a business loan or overdraft by viewing their provisional limit online. Certain restrictions apply. Contact us to discuss your options.Return to reference

  4. To maintain a quality service, we may monitor and record phone calls. Call charges.Return to reference

  5. The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered. The interest rates may differ from those shown.Return to reference

  6. This product is provided through a referral to our partner MarketFinance Ltd. Not available for all industries and subject to application, financial circumstances and borrowing history. Terms and conditions apply.Return to reference

  7. Not available for all industries and subject to normal lending assessment, status and application. Terms and conditions apply.Return to reference

  8. Business overdrafts are subject to application, financial circumstances and borrowing history. Terms and conditions apply.Return to reference

  9. We show you other options because we want to make sure you make the best decision for your business.Return to reference

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