November 26 2013.

Barclays is to offer pre-approved overdraft facilities and loans to customers intended to help them to make business decisions in the knowledge that funding is available if they need it.

Under the new regime, qualifying customers with a turnover of more than £10,000 and 12 months’ history that call Barclays about new lending should be given instant approval. From early 2014 the bank says that most business customers who use online banking will be able to see how much they’ve been pre-approved to borrow and get a decision within minutes.

More information is available HERE.