Small Business Loan

To apply, you must meet the following criteria:

You are aged 18 or over

You are a director of the business you're applying on behalf of

You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

If you're trading in a partnership, LLP or Limited Company you will also need to provide:

3 years address history for each of the Directors/Partners applying for funding

You’ll need the personal details of all the partners, directors, members or signatories of the business (including their home addresses for the last 3 years). You’ll also need your business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. Also, details of any countries you or your business is registered for tax purposes in and details of your business' year-end accounts or cash flow forecasts.

Customers who have a turnover of more than £2m, or are commercial customers, can apply for a Small Business Loan.

If you have a Relationship Manager speak to them first.

No, you are not required to open or maintain a business current account with us in order to obtain or manage a business loan.

In some circumstances you will be required to open a fee-free loan servicing account.

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

You are able to switch your Business Current Account to another provider while retaining your business loan with us.

We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process.

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

You are able to use another provider to manage your business banking while retaining your business loan with us.

If you're an existing customer, it’s really important that your personal and business details are close matches to what we have on your file. If they're different, it will be worth updating them before you apply.

If in doubt, please check what is on file at Companies House and update any out of date information before you apply.

Please be accurate with your income declaration. If we believe you can't afford the repayments on the amount you apply, you may be declined.

For instance, if you declare an income of £250,000, and we see £180,000 going through your NatWest account, your application may be referred or declined.

The interest rate is a percentage figure that is applied to the value of your loan each year, and is used to calculate what you will need to pay the Bank on your borrowing. It does not include any other fees or charges that may apply.

A representative APR (Annual Percentage Rate) is an advertised rate that is presented in a standard way, that allows you to compare and contrast borrowing costs between different lenders. When a representative APR is promoted, it means that over half of people who've taken out a loan of a particular size from a lender have been given this rate. The interest rate you're offered won't necessarily be the same as the representative APR.

The rate you pay depends on your circumstances and may differ from the representative APR (Annual Percentage Rate). All applications are assessed on an individual basis, so the interest rate you get is calculated on the loan term, the amount you want to borrow and your status.

If you're an existing NatWest business customer and your business has been impacted by coronavirus, you could be eligible for a repayment holiday on your existing business loan.

Repayment Holiday is available for up to 12 months.

If you have already had a repayment holiday or your current repayment holiday is coming to an end, you may be eligible to apply for a further payment holiday up to a total of 12 months, including any payment holiday already taken.

Interest may accrue during any repayment holiday, meaning it may take longer to repay the loan and may cost more in the long run.

If you have a Relationship Manager you need to contact them in the first instance to discuss your needs.

If you do not have a Relationship Manager you can Apply Online. We will contact you within 7 business days.

Due to high demand it's taking longer to process applications, please bear with us.