RBS and NatWest launch Â£55m Small Business Fund
A £55m Small Business Fund has been launched by RBS and NatWest aimed at supporting small businesses across South Midlands and Anglia.
Part of a wider £1bn which will be split across 11 different areas across the UK, the fund will target new and existing customers who are looking to grow or diversify their business.
The fund will help small businesses grow by borrowing money with the certainty of a fixed rate and repayments, with the potential of a base rate rise on the horizon.
Fixed rate loans from £1,000 to £250,000 will be provided with no arrangement fee.
The fund comes soon after the bank pledged business support through the launch of a network of eight accelerator hubs around the UK.