Growth Street

Growth Street offers UK businesses a faster alternative to bank overdrafts. We see that many growing businesses need flexibility to manage their cashflow. Whether it’s managing the seasonal cycle of business or balancing invoice payments against outgoings, managing cashflow can take a lot of time, focus and energy. Often balancing the books means delaying payments, leaning on suppliers or juggling costs, which can suck up your time, put pressure on your supplier relationships and generally make businesses less efficient. Overdrafts are the simplest tools used to combat these problems. Companies can dip in and out of them when needed, providing vital flexibility to their cash management headaches. Historically banks were the main source of overdrafts, but in recent years they have become less willing to provide them. Many borrowers that would historically sought finance from their bank are now turning to alternative providers, such as Growth Street.