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The financial support was launched in May that year to help small and medium sized businesses to borrow up to £50,000 through bank loans covered by the government.

She set up her racing team in 2019 with a £25,000 bank loan and a crowdfunding appeal and was tipped as a top-10 finisher in the prestigious and gruelling race.

Overdraft fees occur when a bank loans a consumer money after their balance dips below zero, expecting the amount to be repaid with an additional fee.

The Portos’ empire began humbly with a first storefront of only 300 square feet in a Silver Lake strip mall in 1976, paid for with a bank loan.

But they are the least to get bank loans.