Are Business and Financial Loan Services Provided by NatWest Lucrative?

Are Business and Financial Loan Services Provided by NatWest Lucrative?

NatWest bank the largest bank in the United Kingdom offers business and financial services among other retail and commercial scale businesses. To apply for a loan from them you need to be 18 years and above and must be a resident. There are many opportunities for you to get a loan from this bank.

You can get business loans through the various categories that exist depending on the amount you want to borrow. Here are business loans from Natwest Bank:

Small Business Loan

This is the fastest way to borrow money. It includes:

  • fixed interest rate
  • borrowing period of 1 to 10 years
  • borrowing amount of 1000 pounds to 50,000 pounds
  • loan is subject to credit approval

The benefit of this loan is that you get to achieve your business goals and it is suitable small-sized to medium-sized businesses. The fixed interest rate allows you not to worry about increased interest rate and the borrowing period enables you to have ample time to pay back the loan.

Arranged Business Overdraft

This is an unsecured loan for your business. It includes:

  • Interest charged on the amount you use
  • Borrowing amount of 50,000 pounds that is unsecured and subject to credit approval
  • No minimum monthly payment

The benefit of this loan is that it is an emergency fund for your business. You can get it to settle unexpected expenses. You do not have to worry about interest rates or minimum monthly payments since you decide on that by how much you spend.

Business Credit Cards

These are loans you get for your daily business expenses. They include:

  • Credit limit of 5000 to 10,000 pounds subject to status
  • Up to 50, 00 pounds worth of business travel insurance sponsored by Chubb Group Limited
  • An annual fee of 32 pounds for every cardholder and no annual fee for startups
  • 45-days credit period on purchases without interest

The benefit of this for your business is that you get to handle your day-to-day expenses easily. You also get bonuses like travel insurance and interest-free credit periods on your purchases.

When borrowing larger amounts, you can use invoice finance or asset finance against the value of money you are borrowing. Here is how you do that:

Invoice Finance

The bank will give you 95 percent of the value of your invoice, which could be in form of a large contract you have attained or inventory you have. The bank will help you borrow money faster using a single invoice, release cash confidentially without invoice discounting, chase your unpaid invoices with invoice factoring and release money from your current assets through asset-based lending.

Asset Finance

The bank enables you to fund large purchases for your business. You can own an asset through hire purchase, rent an asset, hire transportation for your business and lease special equipment.

The business and financial services provided by NatWest bank are lucrative since you will be able to multiply your profit with extra funding provided by the bank. The loans are beneficial and structured in a manner that is friendly for your business.

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