Business banking made easy

From making payments to the cost of borrowing, learn more how your business bank accounts work

Bank charges and interest applied when you borrow

If you decide you need to borrow money – whether it’s for some extra cash in the short term or to finance a significant purchase – it’s important you talk to us about it so we can make sure you keep your costs down.

Formally-arranged borrowing

Formally-arranged borrowing can be either by an overdraft on your current account, a separate loan or some other way which works for you and we both agree. In some cases you may need to give us some security for a loan.

What we’ll need from you

You’ll have to give us some information before you can borrow any money. The information we’ll ask for will normally depend on how long your business has been running and how well your business is doing.

We may:

  • do a credit check
  • ask for a copy of your accounts (if your business is exempt from providing audited accounts, we may ask for a copy of your statutory report)
  • ask you for a cash flow forecast showing the movement of money through your business over a certain period of time - particularly if you’re starting a new venture or if we feel that your existing business is having difficulties (we can give you a pro-forma cash flow forecast if required)
  • ask you for regular and up-to-date management information (your accountant will be able to help you with this)
  • ask for a copy of the resolution authorising borrowing from the directors of your company.

Bank charges and interest

To see how we work out and apply interest, ask at your local branch. To find out more about the costs of banking with us, see our Business Banking Price List

Get in touch

Call us on:

03457 60 60 60

Lines are open from 8am to 10pm every day. To help us improve our service and for security, we may monitor or record your call.

Textphone: 03457 12 55 63

From outside the UK, call:

+44 1226 26 08 78

Lines are open from 8am to 10pm every day. To help us improve our service and for security, we may monitor or record your call.

Textphone: +44 1792 49 43 94

For Business Internet Banking queries

For lost or stolen cards

Get in touch

Call us on:

03457 60 60 60

Lines are open from 8am to 10pm every day. To help us improve our service and for security, we may monitor or record your call.

Textphone: 03457 12 55 63

From outside the UK, call:

+44 1226 26 08 78

Lines are open from 8am to 10pm every day. To help us improve our service and for security, we may monitor or record your call.

Textphone: +44 1792 49 43 94

For Business Internet Banking queries

For lost or stolen cards

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