We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Business overdrafts
Options
zon
Posts: 17 Forumite
Hello all
I have just recently registered a business and opened a bank account with Barclays. its an active saver business account.
i am now looking for some financial help and looking to apply for an overdraft.
The company has not been active and account has not really been used. how is my chance of securing an overdraft?
I have just recently registered a business and opened a bank account with Barclays. its an active saver business account.
i am now looking for some financial help and looking to apply for an overdraft.
The company has not been active and account has not really been used. how is my chance of securing an overdraft?
0
Comments
-
If it is a saver account absolutely none IMO.
You would need to open a business current account and have a business plan showing projected turnover and expenditure - this should show why the overdraft is required and how you intend to trade to pay it off.
Good luck.0 -
Thanks for the reply.
not sure why they decided to open a saver account for me? even though it is still a business account !
Would it be better or is it possible to switch to a current account and request for overdraft?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards