Natwest Startup Business Loans
What is a NatWest Startup Business Loan?
Startup business loans are usually small business loans aimed at new businesses. Different lenders classify what constitutes a startup business in different ways, but it normally means a company which has been operating for less than 12 months or sometimes 2 years, depending on the lender.
Startup finance tends to be offered as an unsecured loan, although larger secured loans may be available in some circumstances. Startup loans are generally offered over 1-10 years, although different loan terms may be available depending on the lender.
Many startup finance providers, including NatWest, offer specific startup focused guidance and advice to new business loan customers to help them succeed. Business loans can only be used for approved business expenditures and cannot normally be used to repay existing debt.
Before applying for a startup business loan it is well worth discussing your borrowing needs with an independent financial advisor to help you quickly and efficiently access the best possible deals and rates.
Why use NatWest for startup finance?
NatWest are a popular choice for business loans with both new and established companies. They are an ambassador for Entrepreneurial Spark, which is the world’s biggest free business accelerator for growing enterprises. This means NatWest customers have access to additional help and support specifically aimed at helping young businesses to succeed and grow.
Alongside Entrepreneurial Spark’s advice and tips, NatWest also offer expert advice including support for writing business plans as well as business insurance and bank accounts specifically for new businesses with interest free overdrafts.
Types of NatWest business loans
NatWest offer two main times of enterprise finance to their business customers, available to both new and established businesses subject to circumstances.
NatWest small business loan
- Suitable for people who want to borrow up to £25,000
- The minimum you can borrow is £1000
- You can pay-back the amount on terms to suit you, ranging from 1 year to 10 years
- There are no arrangement fees
- Available as an unsecured loan
NatWest fixed rate business loan
- Suitable for people who want to borrow over £25,000
- You can borrow anything up to £500,000
- This comes with a fixed rate of interest which provides certainty of cash flow
- No early repayment charges are applied
- There are no arrangement fees for borrowing from NatWest
- Usually offered as a secured loan
Please note: If you fail to keep up with repayments on a secured business loan, you could put the asset the loan is secured against at risk of repossession.
Compare NatWest startup business loan rates
Our free business loans calculator lets you compare rates and other features on top business finance products from NatWest and other leading lenders.
All you have to do is head to the top of the page and plug in some basic details, including why you need the loan, how much you need to borrow and how long you would like to repay over. The calculator will then show you the best matching deals we have selected from across the market.