Business lending

A smarter overdraft for your business

When you’re running a business, it’s always reassuring to have a little extra support on standby.

Whether it’s a late incoming payment, unexpected outgoing or an investment opportunity, a Starling overdraft is built to give your business a cashflow boost whenever it might need it. It’s a simple, clear and fair overdraft that you’ll control with an in-app slider, and it’s as easy to manage and fair on fees as the rest of our business bank account.

Use it, don’t use it. Sometimes it’s just nice to know it’s there.

Apply for a business overdraft using the form below, and a member of our lending team will be in touch.

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

Our interest rates

Sole trader: At Starling, you could be eligible for an overdraft at an interest rate of 15% EAR (variable).

Limited company: At Starling, we offer limited companies interest rates of 5%, 10% and 15% EAR (variable) – and a Representative 10% EAR (variable) – based on our assessment of your business. At setup, we charge a fee of 1.5% (minimum £50) for any agreed limit, which we’ll then repeat 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, you can apply for an overdraft limit from £250 to £150,000.

Overdrafts are available to businesses if you meet the relevant criteria.

Complete control

Once your overdraft limit is approved, you’ll be able to manage the amount you need within that limit in the app. Back in the black? Close your overdraft at any time.

Gone over the limit?

If you accidentally go over the overdraft you’ve agreed with us, we’ll apply the same interest rate as for your arranged overdraft. Be aware though your transactions may not go through due to not having funds. Just something to be mindful of.

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).

Representative EAR is the advertised rate (or a lower rate) that we reasonably expect at least 51% of customers who are accepted for and enter into an overdraft agreement will get with us.

Calculate how much an overdraft would cost with us as 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

	Cost	Rate (% EAR variable)

Calculate how much an overdraft would cost with us as a limited company

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

£250£25,000

Borrowing £5000 for 30

days will cost you

	Cost	Rate (% EAR variable)

To qualify for a Starling business overdraft, you should...

Already have a Starling business current account.
Have been trading for 18 months.
Be willing to provide a personal guarantee (limited companies only).
Be a sole trader, partner or director who can borrow on behalf of the business.
Be 18 years old or over.

Application form

Starling business overdrafts are available to eligible account holders. To learn more about and apply for our award-winning business account, click here.

It’s worth noting:

Throughout your application, your personal data will – as always – remain totally safe under the terms of our privacy policy.
A personal guarantee is a legally binding agreement, so you should always seek independent legal advice before signing one.
You’ll need to get your personal guarantee signed by an independent witness.
If you take an overdraft, your credit score could be impacted if you go over your limit or you don’t make repayments on time (which could affect your chances of borrowing in the future).
If Starling isn’t your main or only business bank, you’ll also need your business bank statements for the last three months to hand.
You’ll find everything you need to know about your overdraft’s terms and fees during the application process.

I am a Starling business current account holder and have been trading for longer than 18 months.

What is your business name?Account numberMobile numberHow much do you want to borrow? Starling can offer overdrafts of up to £10,000 for sole traders and up to £150,000 for limited companies (who meet the relevant criteria)Number of full-time employees (excluding directors)Turnover (last filed accounts or last financial year)Profit after tax (last filed accounts or last financial year)Where is your primary bank account?

Do you have an existing business overdraft?

What is the overdraft limit?What is the current usage?

Has the business taken on new debt in the past 12 months? This includes but is not limited to; hire purchase or lease agreements, factoring/invoice discounting or loans. Overdraft usage has already been covered.

How much has been borrowed?

By submitting your application, you consent to us undertaking a new credit check on your profile, this includes a check on your personal credit file and one for your business entity. All information provided will be stored and processed in accordance with our privacy notice. We will shortly be in touch about your application and may require further evidence of your business financials including bank statements, your most recent year-end accounts, invoices and overdraft facility confirmations.

Your request has been received.

We’ll be in touch soon.

What happens next?

A quick review. We’ll review your application and come back to you with a decision as soon as we can.
Making it official. If all is well, we’ll send you a few documents, which you’ll just need to sign and return to us.
Easy access. As soon as your documents have been accepted, your overdraft will be available on your account and ready to use. That’s it!