Bank finance

Introduction

Whether you are starting or expanding a business, you may need to seek financial help from an external source.

Banks offer short- and long-term debt finance via loans and overdrafts as well as other types of finance. These are available by application to any high street bank, usually involving a quick decision process.

This guide looks at the different types of bank financing available to businesses, and the advantages and disadvantages of borrowing from a bank. It provides guidance on loans and overdrafts and how to choose a bank and finance option that is best for you. You will also find details on credit scoring, loan guarantees and security, and European Investment Bank funding.

Developed with:

British Bankers' Association