NatWest Business Loans

Bank loans are a viable way to improve cash flow, pay for refurbishments, or buy equipment without having to give away equity in your business to an investor. If NatWest is one of the banks that you're considering applying for a business loan with, here's a quick look at their business lending options. 

NatWest Small Business Loans

Startups and established SMEs can apply for a small business loan with NatWest. Here are the key details:

• Fixed interest rate
• Borrow funds for a term of between 1-10 years
• Borrow between £1,000 - £50,000
• Business owners must be 18 and over, and operate as a limited company, a partnership or a sole trader
• No arrangement or early repayment fees
• You don't need a NatWest business account to qualify for a NatWest small business loan
• No repayment holidays allowed
• A form of directors' guarantee will be required

NatWest Fixed Rate Loan

Here's a quick glance at NatWest's Fixed Rate Loan product:

• Fixed monthly payments
• Borrow funds for a term of up to 25 years
• Borrow between £35,001 - £10 million
• No early repayment fees or product fees
• No arrangement fees for businesses with a revenue of under £2 million
• You can take a repayment holiday at the beginning of your loan, but you'll still have to pay the interest
• You don't need a NatWest business account to apply for a NatWest Fixed Rate Loan

NatWest Variable Rate Loan

NatWest's Variable Rate Loan takes advantage of market rates. Here's what to expect:

• Pay back a rate of interest that follows the market rate
• No early repayment charges
• Borrow funds for a term of between 3 months and 25 years
• Borrow upwards of £35,001
• Possibility of repayment holidays at the start or mid-term, whilst still paying interest
• Arrangement fees may apply
• You don't need a NatWest business account to apply for a NatWest Variable Rate Loan

NatWest specialist business loans

Farmers can get a cash boost with NatWest’s agricultural loan to buy machinery or livestock, to develop land, open a farm shop, or set up as a renewable energy source. NatWest also has a range of specialist business loans for retail and wholesalers, healthcare companies, real estate businesses and many more.

Also, community-based businesses providing social care services have access to a range of loans with varying amounts and terms.

You can also consider NatWest's invoice financing or asset finance products.

NatWest business credit card

NatWest offers two business credit card options:

1. NatWest business credit card
For NatWest Business Banking customers with a turnover of up to £2 million:

• Representative 24.3% APR  (variable)
• This product is available to sole traders, Limited companies, Limited liability partnerships and Partnerships
• Enjoy 56 days of interest-free credit on purchases (if you pay your balance in full)
• Minimum credit amount is £500 (maximum is subject to status)
• No credit card fee for the first year (usually £30)
• If you spend over £6,000 each year, you don't have to pay the yearly credit card fee
• Minimum 5% payment (or £5 - whichever is greater) each month

2. NatWest business credit card plus
For NatWest Business Banking customers with a turnover of up to £2 million:

• Representative 29% APR  (variable)
• Not available to sole traders, but available to Limited companies, Limited liability partnerships and partnerships of 4 of more partners
• There is a £70 annual fee per cardholder
• 0.5% cashback on all purchases, 2% on eligible business suppliers, 1% on eligible fuel and accommodation (limited at £400 per year per customer)
• Up to 56 days of interest-free credit on purchases
• Minimum credit limit is £500
• Product fees may apply

NatWest business overdraft

NatWest's business overdraft is available to NatWest customers for up to 12 months. Here are the key points to bear in mind:

• Only pay interest on the amount that you borrow
• Borrow up to £50,000 unsecured (more may be available on a secured basis)
• No set minimum pay back each month
• If you exceed your agreed overdraft limit you will be charged a borrowing rate

The rate you pay depends on your overdraft amount: startups with a turnover of under £2 million can enjoy a £500 business bufferzone overdraft which is free for the first 12 months. Businesses with a turnover of over £2 million will pay an arrangement fee of £50 if they apply for a limit of up to £500. Larger limits have varying fees and interest rates.

Alternatives to NatWest business finance

Although there are several viable business banking options with NatWest, the application process for most traditional banks is usually pretty long-winded, which could impact your SME’s growth if you need the money quickly. If you can't afford to wait, it's worth considering applying for a loan with an alternative finance provider.

The big banks also have a reputation for their tough stance on small business lending, which can be off-putting for many new and growing SMEs. Banks still lend to entrepreneurs, but there’s now a blossoming market of alternative finance (altfi) providers, offering loans on more flexible and convenient terms.

One of these providers is Fleximize, who are set up to help SMEs thrive through easy-to-access financing. The lender offers busy business owners a quick and easy application process, and a personalized service all the way from loan application right through to the last repayment.

If you want more information about how a Fleximize business loan could benefit your SME, you can call the Fleximize team on 020 7100 0110 to discuss your options. Or, if you're ready to apply for a Fleximize small business loan, you can do so by clicking the button below. 

Get started: Apply now

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NatWest business credit card

NatWest offers two business credit card options:

1. NatWest business credit card
For NatWest Business Banking customers with a turnover of up to £2 million:

• Representative 24.3% APR (variable)
• This product is available to sole traders, Limited companies, Limited liability partnerships and Partnerships
• Enjoy 56 days of interest-free credit on purchases (if you pay your balance in full)
• Minimum credit amount is £500 (maximum is subject to status)
• No credit card fee for the first year (usually £30)
• If you spend over £6,000 each year, you don't have to pay the yearly credit card fee
• Minimum 5% payment (or £5 - whichever is greater) each month

2. NatWest business credit card plus
For NatWest Business Banking customers with a turnover of up to £2 million:

• Representative 29% APR (variable)
• Not available to sole traders, but available to Limited companies, Limited liability partnerships and partnerships of 4 of more partners
• There is a £70 annual fee per cardholder
• 0.5% cashback on all purchases, 2% on eligible business suppliers, 1% on eligible fuel and accommodation (limited at £400 per year per customer)
• Up to 56 days of interest-free credit on purchases
• Minimum credit limit is £500
• Product fees may apply

NatWest business overdraft

NatWest's business overdraft is available to NatWest customers for up to 12 months. Here are the key points to bear in mind:

• Only pay interest on the amount that you borrow
• Borrow up to £50,000 unsecured (more may be available on a secured basis)
• No set minimum pay back each month
• If you exceed your agreed overdraft limit you will be charged a borrowing rate

The rate you pay depends on your overdraft amount: startups with a turnover of under £2 million can enjoy a £500 business bufferzone overdraft which is free for the first 12 months. Businesses with a turnover of over £2 million will pay an arrangement fee of £50 if they apply for a limit of up to £500. Larger limits have varying fees and interest rates.

Alternatives to NatWest business finance

Although there are several viable business banking options with NatWest, the application process for most traditional banks is usually pretty long-winded, which could impact your SME’s growth if you need the money quickly. If you can't afford to wait, it's worth considering applying for a loan with an alternative finance provider.

The big banks also have a reputation for their tough stance on small business lending, which can be off-putting for many new and growing SMEs. Banks still lend to entrepreneurs, but there’s now a blossoming market of alternative finance (altfi) providers, offering loans on more flexible and convenient terms.

One of these providers is Fleximize, who are set up to help SMEs thrive through easy-to-access financing. The lender offers busy business owners a quick and easy application process, and a personalized service all the way from loan application right through to the last repayment.

If you want more information about how a Fleximize business loan could benefit your SME, you can call the Fleximize team on 020 7100 0110 to discuss your options. Or, if you're ready to apply for a Fleximize small business loan, you can do so by clicking the button below.