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How they differ
An overdraft is attached to your current account — you can go negative up to an agreed limit, and interest applies to the overdrawn amount. A revolving facility is a separate credit line with its own limit that you draw from and repay. Banks have steadily reduced overdraft availability, while dedicated facilities have grown to fill the gap.
What this means for your company
Overdrafts are convenient but often small, repayable on demand, and increasingly hard to get. A facility typically offers a larger, more dependable limit that isn't withdrawn at short notice — better for planning. Credicorp Flex works like a modern overdraft replacement: draw for a gap, repay when cash lands. Compare the two in alternatives to an overdraft.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Is an overdraft cheaper than a facility?
Not always. Overdraft rates and fees can be high, and banks may charge for arranging or exceeding the limit. Compare the true cost of both — a facility's clearer pricing can work out better, especially for regular use.
Why are business overdrafts harder to get now?
Banks have pulled back from overdraft lending, tightening limits and availability. Dedicated revolving facilities from specialist lenders have grown to replace them, often with larger, more reliable limits.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.