The Royal Bank of Scotland (RBS) has a history dating all the way back to 1695, making it Scotland’s oldest bank by a wide margin. Now part of the Lloyds Banking Group, RBS supports millions of private customers, businesses and communities across the UK.
The right finance for business can make it possible for you to expand your business, pay off debt, or take advantage of an incredible deal on equipment or a new space. Using small business funding is a great way to make sure that you never miss out on an opportunity. RBS is known for providing small business finance to their customers, but we still have a lot of people turn to us at Donkey Finance when they need business funding, as they know that we can easily provide them with the financing that they need in a hurry, which can make a huge difference in the future of a company.
One important thing to consider when looking for business finance is how much money you will be able to borrow, as this will make a huge difference in the future of our company. At RBS their small business loans range from £1,000 to £50,000, as long as you are approved for the higher amount. At Donkey Finance we know that sometimes you need a little bit more, especially when you are looking for business start up funding. That’s why we offer loans up to £200K and why we have simplified the application process and sped up the turnaround time so that you get the money that you need as soon as possible.
Applying for new business funding can be scary, but at RBS, you don’t necessarily have the option to apply online, which will give you peace of mind and allow you to work as slowly as necessary to enter all of the correct information. Depending on the amount of new business finance that you need and whether or not you are an existing customer, you may have to call or go in for help. At Donkey Finance, we have streamlined the application process, allowing you to apply for funding for business quickly and without leaving the comfort of your home or office.
Obtaining alternative business funding is easier when you work with an alternative company. At Donkey Finance, we have made getting funding faster and easier than ever and believe in providing the best customer service to all of our clients, no matter whether you have worked with us in the past or not. Skip the long wait at RBS, and get your approval with us in under 24 hours.
Commercial finance is another term for business finance – a type of lending designed for commercial enterprises. Commercial finance tends to be talked about in contrast to personal finance.
There are many types of commercial finance. In the beginning, commercial loans primarily came from banks. However, these days there’s a range of alternative finance available. The simplest form of commercial finance is a commercial loan. You agree on an amount, the cost of finance and a repayment period.
Commercial loans can be secured or unsecured. A secured loan tends to be more affordable because the loan provider is taking a lower risk, but you need to have assets to use as security.
Unsecured loans are useful for companies that do not have enough assets to get a secured loan. Commercial loans can come from a variety of sources. They are offered by challenger banks, specialist independent lenders, and the mainstream high street banks, as well as peer-to-peer lending platforms.
There is a range of loan calculators on the Internet which have been created to assist you in finding the most appropriate loan based on your own specific needs. A loan calculator can be used to determine the cost of any of the following loans:
You should always bear in mind that an online loan calculator will only give you a basic approximation of your eligibility for a loan and the costs. Loan calculators never guarantee you are going to be accepted for a particular loan
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