NatWest business loans comparison
NatWest Bank was formed in 1968 after the merger of National Provincial Bank and Westminster Bank. The bank was acquired by The Royal Bank of Scotland Group in March 2000 in a deal that was worth £21 billion.
What business finance products does NatWest offer?
If you’re a fan of NatWest’s business services, you may also wish to check out Esme – a sister brand which NatWest launched in 2017 to serve as an online-only, self-service platform for SMEs.
Pros and cons of NatWest business loans
- Available to both existing and new customers
- Wide range of finance products available
- High street presence
- Repayment holiday facility
- A personal guarantee or security will usually be required
- During any capital repayment holidays you’ll still need to keep up interest repayments
Am I eligible for a NatWest business loan?
You should only apply for a NatWest business loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
NatWest states that these loans should not be used for personal purchases. They are strictly for the purpose of investing in your business.
You don’t need to be an existing customer, although as you might expect, loans can be approved and funded more quickly for existing customers.
How can I apply?
If you would like to take out a NatWest business loan, you can apply via the NatWest website.
You’ll need to provide proof of the following:
- The personal information of all of the firm’s partners, directors, members and signatories (NatWest will also require their residential addresses for the previous 3 years).
- You’ll also need your business details, including your firm’s Companies House Registration Number if you’re a limited company.
- Information about all of the countries your business is registered in for tax.
- Cash flow predictions and your annual accounts.
What can’t NatWest do?
Outside of the services NatWest has to offer to growing businesses, you may also wish to consider the following finance products:
Merchant cash advance
Get a lump sum upfront to repay in-line with volume of future sales. Compare deals and learn how business cash advances work.
Business line of credit
Borrow only as much as you need, when you need it, then repay on terms that suit you. Compare a range of lenders.
Business loans for bad credit
Get live, personalised quotes on unsecured or secured loans from specialist lenders with our partner Think Business Loans.Get quotes
Frequently asked questions
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