Did you know that if you are operating out of a business overdraft facility you are probably paying more for finance costs than you need — even if you just periodically need to borrow.
The banks earn more fees and interest on business overdraft facilities than from loan arrangements so it is in their interest that businesses operate from within an overdraft facility. This is often called 'hardcore borrowing' and is a very expensive form of funding when compared to the average loan rate offered by rebuildingsociety.
You might think 'its good to have the facility there' - just in case you need it. However, the ease of access to finance on rebuildingsociety means it's often quicker and cheaper to borrow from us than from the banks.
Try it out, it's free to apply. Related Articles
11th Dec 2025
As financial advisors navigate today’s challenging landscape of low yields and market volatility, a powerful tool for portfolio diversification often remains on the sidelines. The Innovative Finance ISA (IFISA) offers a compelling opportunity for clients seeking income...
10th Dec 2025
If you’re a savvy SME owner using a flexible credit line from providers like Iwoca or Capital on Tap, you’re already familiar with the power of quick-access funding. These facilities are brilliant for managing cash...
28th Apr 2024
The FSB's super-complaint against the FCA centres on the prevalent use of personal guarantees (PGs) by lenders for business loans to small and medium-sized enterprises (SMEs). The FSB argues that this practice is detrimental to...
28th Jun 2023
We’d love to share a bit more about who we are and what we stand for. At rebuildingsociety.com we fix two frustrations: the frustration many business owners have with access to finance and the frustration...
