Tell us what you need
A few short questions about the funding and your business. About two minutes, with no credit search.
Alternative overdraft Alternative overdraft.
Alternative overdraft.
Draw it when you need it.
A revolving facility you draw from when cash is tight and repay when it comes in, with a limit you can use again.
Whole of marketNo credit search to start
See my alternative overdraft matches ↗ At a glance
Alternative overdraft on our panel
- Limits on the panel
- £5,000 to £2m From the lenders on our panel, leaving out the smallest and largest tenth of products.
- Each drawing repaid over
- Commonly up to 12 months Repaid amounts can be drawn again.
- Security
- Usually unsecured Most lenders ask for a director guarantee.
Indicative only. Your terms depend on your business and each lender's criteria.
What it is
Alternative overdraft, explained.
An alternative overdraft, also called a revolving credit facility or business line of credit, gives you an approved limit to draw from as needed. Each drawing is repaid over a set period, and as you repay, that amount is available to use again.
Unlike a bank overdraft, it sits outside your current account and comes from a specialist lender. Costs depend on the lender and how much you draw, and some lenders charge a fee to set up or keep the facility.
Who it suits
- Businesses with uneven cash flow or seasonal swings
- Paying suppliers or buying stock ahead of sales
- A safety net for unexpected costs
- Businesses that have lost or outgrown a bank overdraft
How it works
From question to options.
We arrange an alternative overdraft by sourcing lenders from across the whole of the market. You stay in control of every decision.
See your options
We match your answers against lenders on our panel and show indicative terms for your business.
A broker takes it forward
A broker goes through your options, gathers what the lender needs, usually recent bank statements, and takes your application to the lender you choose.
Good to know
Alternative overdraft, answered.
How is this different from a bank overdraft?
It works in a similar way, a limit you draw from and repay, but it comes from a specialist lender rather than your bank and sits outside your current account.
Do I pay for the facility if I do not use it?
It depends on the lender. Some charge only on what you draw, and others charge a fee to set up or keep the facility open. Your broker explains the costs before you go ahead.
How long do I have to repay each drawing?
Each drawing is repaid over a set term, commonly up to 12 months on our panel, and the repaid amount can then be drawn again.
Is it secured?
Most alternative overdrafts are unsecured, although lenders usually ask the directors for a personal guarantee. Larger facilities can be secured.
Will checking my options affect my credit score?
No. Seeing your options does not involve a credit search. A lender only runs its own checks, with your permission, if you decide to apply.
Is Kyma the lender?
No. Kyma Business Finance is a credit broker, not a lender. We source options from lenders across the whole of the market and take your application to the lender you choose.
Tell us what you need.
See your terms in 2 minutes.
Indicative alternative overdraft terms from lenders across the whole of the market.
See my alternative overdraft matches ↗No credit search to startWhole of market
