Revolving credit facility vs business overdraft: which is right for your business?
Businesses can borrow a fixed sum for a fixed term, but they can also use credit lines – like overdrafts and revolving credit facilities. This article compares those two options and clarifies their different uses.
Two months ago, we wrote about how Allica is scaling AI as a core part of how we serve established SMEs better. We described the 3 levels of our approach. This blog dives deeper into the Product, Design and Engineering level.
Explore award-winning business banking with Allica Bank
Find your perfect personal and business account with no monthly fees*, industry-leading features, and real relationship banking help from people who really know what they’re talking about.
* Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here.
