Small Business Loan

No, you’re still very welcome to apply. We’ll just have to ask you a few more questions than we would if you were an existing customer. 

Afraid not. However, if you were looking to borrow over £50,000, our Fixed Rate Loan and Variable Rate Loan both offer the option for repayment holidays.

Yes, customers who have a turnover of more than £2m, or are commercial customers, can now apply for a small business loan.

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.

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.

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.

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If in doubt, please check what is on file at Companies House and update any out of date information before you apply.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

Small Business Loan fact sheet (PDF, 1.49MB)

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.