National Westminster Bank, normally referred to as NatWest, is a member of the Royal Bank of Scotland Group. Credited with introducing innovations like telephone banking to the industry in the 1980s, NatWest currently employs around 33,000 people and operates hundreds of branches across the United Kingdom.
At Donkey Finance, we know that business owners are always looking for the best business start up funding, and while it can be tempting to work with a mainstream bank, they often fall short when they provide business funding. It’s not only the quality of service that you need to consider when you are thinking about obtaining new business funding from Natwest, but also the rate and terms that they offer. This will ensure that you get the best business finance for your company so that you can pay your bills, expand your products or services, or take advantage of purchase opportunities that will help you grow your company.
Applying for small business funding can be stressful, but completing an application online, during your own time, is really a great way to reduce the stress that you feel and make sure that you are prepared for any questions that you may have to answer. That’s why we make it easy for anyone to apply online and offer speedy responses. At Natwest, certain existing customers can apply online and complete an application in under ten minutes. This means that if you don’t already bank with them or have a loan with them, you will have to speak to a person about obtaining finance for business, which can be inconvenient and time-consuming.
Like other traditional lenders, Natwest offers lower amounts for their new business finance than we do at Donkey Finance. This can make it very difficult for people to get alternative business funding to pay for bills. While Natwest will consider lending up to £50,000 to some applicants, at Donkey Finance, we offer business loans up to £200,000, making it much easier for you to get the funding for business that you need.
Remove the stress of obtaining small business finance, and finally get the money that you need to improve your business and grow your company. Rely on the Natwest online loan calculator to determine exactly how much money you can afford each month, as this will allow you to adjust for the borrowed amount and your payback time frame and to consider rates between 8.99% APR and 13.0% APR. When you are ready to get the best deal on your new business loan and finally get the financing that you really need, you can trust us to provide you with great loan terms, a fast approval process, and a higher than 90% approval rate on all applications that we receive.
A commercial loan is typically used to cover operational costs that a company may otherwise be unable to afford or fund.
Commercial loans are used for a variety of different scenarios:
A loan calculator compares loans which are to be paid back between one and twenty-five years. The APR you will have to pay will depend on your circumstances, and can vary from 3.2% and 99.9%. You can compare the cost of various borrowing options by altering the amount required, loan term and interest rate.
You could also enter your personal budget and the calculator will tell you how much you’ll be able to borrow over a given period of time. Loan calculators can be used for all loan types, from home and business loans to secured and unsecured loans.
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