Can I borrow money using a business bank account?


We are exploring finance options for a venture we would like to launch, and I was curious whether we would be permitted to borrow money using a business bank account as a loan. Does anybody know whether that is likely to happen?



Many business bank accounts come with the option of an overdraft, and you can also apply for a business credit card. If you are eligible, these are effective ways to raise initial finance and manage your cash flow until you start making a profit. Be sure to look at small business loans, too - there may have better interest rates than an overdraft and credit card.

a year ago

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