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Business overdraft

A smarter overdraft for your business

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Supporting businesses

At Starling, we understand this is a difficult time to be running a business and we’re doing everything we can to help our customers. As always, you can manage your finances from the Starling app, and our customer support team is here for you 24/7. You can get in touch with them via phone, email or in-app chat.

Has your business been affected by coronavirus?

The government has launched a £350bn stimulus package - have a read of our coronavirus support blog posts to find out more. We’ve also published a few tips that may help small businesses coping with coronavirus.

One of the initiatives launched by the government is a loan guarantee scheme called the Coronavirus Business Interruption Loan Scheme. This provides a government backed guarantee when a loan application doesn’t meet a lender’s usual requirements.

As we’re not part of the scheme yet, we aren’t one of the lenders able to offer this type of guaranteed loan at the moment. However, we’re progressing our application with the British Business Bank.

The government have also announced:

  • Small business grant funding
  • A Statutory Sick Pay relief package for SMEs
  • A Coronavirus Job Retention Scheme
  • Deferring VAT and income tax payments
  • A 12 months business rates holiday for certain businesses

Read the full details of the government’s support package.



Need a Starling business overdraft?

Starling offer overdrafts of up to £150,000 to customers who already have a business current account and meet the following criteria:

  • Trading for more than 18 months
  • Have a good credit history (your business and all directors/partners) - this means no arrears or defaults
  • All directors are over 18 years old
  • All directors/partners in the business must also be willing to provide a personal guarantee if you are a Limited Company or Limited Liability Partnership.

You can apply using this form.

With a Starling business overdraft you’ll get...

Our interest rates

Sole trader: 15% EAR (variable).

Limited companies and limited liability partnerships: 5%, 10% and 15% EAR (variable) based on our assessment of your business - representative 10% EAR (variable). At setup, we charge a fee of 1.5% (minimum £50) of your agreed limit, which is charged annually.

Interest is accrued daily and charged on the 15th of the following month and it’ll always be updated clearly in your app.

Limits to suit your business

If you’re a sole trader, you can apply for an overdraft limit from £250 up to £10,000.

If you’re running a limited company or limited liability partnership, you can apply for an overdraft limit from £250 up to £150,000.

Complete control

Once your overdraft limit is approved, you can use the in-app slider to reduce the amount of your overdraft – just in case you fancy a slightly smaller safety net. Back in the black? Close your overdraft at any time.

Gone over the limit?

If you accidentally go over the overdraft limit you’ve agreed with us, we’ll apply the same interest rate as for your arranged overdraft.

An EAR (Equivalent Annual Rate) is a common way of showing interest rates on overdrafts which you can use to compare different banks’ interest rates. This does not include fees (such as set-up or annual renewal fees).

The Representative EAR is the rate we expect at least 51% of our customers to get.

Calculate how much an overdraft would cost a sole trader

Overdrafts are available from £250 up to £10,000 if you’re a sole trader (who meets the relevant criteria).

£250£10,000
Borrowing £5000 for 30
 days will cost you
CostRate (% EAR variable)

Calculate how much an overdraft would cost a limited company or limited liability partnership

Overdrafts are available from £250 up to £150,000 for limited companies or limited liability partnerships (who meet the relevant criteria).

£250£25,000
Borrowing £5000 for 30
 days will cost you
CostRate (% EAR variable)

Application form

You must be a Starling business current account holder and have been trading for longer than 18 months.

    your Business

    your Borrowing Request

    your Current Business Borrowing

    about You

    Have you or any other members/directors or your business had any County Court Judgements registered against you in the last 3 years? Or have you, your partner(s) or your business been declared bankrupt in the last 6 years? Or have you or your partner(s) ever been disqualified as a director of a company?

    your Business

    your Borrowing Request

    your Current Business Borrowing

    Your request has been received.

    What happens next?

      Already have a business overdraft with Starling and you need help or are worried?

      Our customer support team is here for you 24/7. You can get in touch with them via phone, email or in-app chat.

      Take control of your money

      Download the app to apply for a Starling Bank account in minutes.

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      Our Privacy Notice sets out how the personal data collected from you will be processed by us.

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