Yes, Starling offers both business overdrafts and business loans for limited companies. You’ll be able to apply for an overdraft of between £1,000 and £50,000, but a personal guarantee will be required as security. This means you’ll be personally liable for repaying the debt if your business can’t. You’ll also need to pay an arrangement fee when you’re accepted for the overdraft and on an annual basis. To qualify, your business must have been trading for at least 24 months and be UK based. All applications are subject to a full credit assessment.
Should you want to apply for a business loan, the amount you can borrow and the interest rate charged will depend on your business circumstances. Loans of between £25,001 and £250,000 are available, and again, you’ll need a personal guarantee as security. Repayment terms range from 12 months to 72 months and you’ll need to pay a one-off arrangement fee.