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
• You hold a Business Current Account with any provider

Getting an indicative lending quote doesn’t impact your credit score.

If you go on to complete a loan application and consent to us running a credit check, the outcome may impact your credit score.

You'll need this information on hand to complete your Small Business Loan application:

• Address history for the past 3 years
• The date your business started trading
• Business turnover in the last 12 months
• Projected turnover in the next 12 months
• Business net profit for the last 12 months
• Details of any existing Business Loans or Overdraft repayments
• Details of any existing Personal Loans, Mortgages, Overdraft or Credit Card repayments
• Details of your business current account with any provider

The online application will take around 10 minutes to complete.

Note: We may ask you to provide additional evidence to support your application.

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.

It’s important that you’re accurate with your income declaration. For example, 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.

Also, make sure that your personal and business details at Companies House are up to date and match the information we have on file.

The rate you pay depends on your personal circumstances – the amount you want to borrow, the loan term, and your status.

The representative APR (Annual Percentage Rate) can be used for comparison. APR is the rate that at least 51% of people who have taken out a loan of a particular size have been given. Just be aware that all applications are assessed individually, so we may offer you a different rate than the representative APR.

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

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.