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NatWest Launches a Flexible Loan for Businesses
(21 September 2004)

NatWest has launched a new flexible loan for business customers, which will give them the ability to create a loan to meet their specific business needs and change it if their circumstances change at no extra cost.

The loan allows businesses of all sizes and all stages to pay less at the start, take payment holidays when needed, withdraw more money at a later date and repay early, all without incurring fees or charges, other than the initial loan arrangement fee. It offers greater choice to customers in how they wish to fund their business and also gives them greater control over their finances.

Pete Ferns, Director of NatWest Business Banking, said: "The ability to adapt to various situations is key to the success of a small business, and finance is no different. This loan gives small businesses flexibility when they need it."

NatWest customers can contact their dedicated Business Manager for further information - otherwise, small business owners interested in the product can contact NatWest Direct Business Banking on 0845 603 0110.

Notes to Editors:

Customers can take advantage of the following benefits of the Flexible Business Loan:

  • take a payment holiday
  • pay less when they need to
  • pay their loan off early, without any early repayment charges
  • make lump sum repayments
  • withdraw any extra payments made over the past 12 months
  • change their repayment frequency
  • pay nothing or just the interest at the outset
  • draw their loan in stages
  • variable interest rate.

Enquiries to:
Media Relations
Tel: 020 7672 1931