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Business lending pledge made
Details of a new £1 billion lending fund for manufacturers have been unveiled.
Those in the manufacturing sector could soon find they have greater access to business banking products.NatWest and RBS have announced details of a specialist borrowing fund, allowing such companies to defer repayments on loans for as long as three years.
Organisations considering their use of business accounts over the coming years may be interested to note that a total of £1 billion in new lending will made available from the lender, as numerous manufacturing customers claim they anticipate a rise in demand for their products over the course of this year.
And as Peter Ibbetson, chairman of business banking at NatWest and RBS, points out as many businesses are now looking to invest money, the organisation is keen "to send a clear message of support to them by creating a fund that is designed specifically to enable that investment".
Such comments come as David Kern, chief economist of the British Chambers of Commerce, claimed that recovery from the financial crisis will be at a "very modest pace".
Those assessing their business bank account requirements may wish to take note of his comments that firms need to "make sure they have enough cash".
By Nate Sawyer
Friday, 15 January 2010 00:00
| Card | Balance Transfers | Purchases | Typical APR (variable) | Apply |
|---|---|---|---|---|
| View Full Table > | ||||
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Barclaycard MasterCard Business Card | |||
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N/A
N/A
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15.2%
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Barclaycard Visa Gold/Platinum Business Card | |||
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N/A
N/A
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N/A
N/A
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15.2%
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Barclaycard Platinum/Gold Corporate Charge Card | |||
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N/A
N/A
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N/A
N/A
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N/A
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Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- 15.2% p.a.
- Balance Transfers:
- 15.2% p.a.
- Cash Advance:
- 26.9% p.a.
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 56 days
- Online Banking:
- Yes
Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- 15.2% p.a.
- Balance Transfers:
- 15.2% p.a.
- Cash Advance:
- 26.9% p.a.
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 56 days
- Online Banking:
- Yes
Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- N/A
- Balance Transfers:
- N/A
- Cash Advance:
- N/A
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 38 days
- Online Banking:
- Yes
| Provider | Account | AER | Free Banking Duration | Interest Paid | Apply |
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| View Full Table > | |||||
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Up to 2 years free banking & free automated transactions
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for up to 24mths
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Get free automated transactions, plus a whole lot more
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N/A
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Monthly
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- Up to 2 years free banking*
- Free Automated Transactions Tariff as standard (at the end of the Free Banking Period)
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic - an award wining credit management tool***
- We offer up to 45 minutes’ free consultation with local professional experts in accountancy, marketing and law.
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Access to unique business management software so that you can spend less time on admin and more time on what you love doing
- * There is no charge for standard transactions for two years if the Barclays Business Essentials and CREDITFOCUS Pro or Barclays Business Essentials Plus and CREDITFOCUS Pro or Barclays Business Manager and CREDITFOCUS Pro are purchased at the time of opening the account. This is only applicable for new businesses opening their account with Barclays. This applies to everyday Sterling, debit and credit transactions and the maintenance fee. Please note: accounts must be active.
- **Best Large Call Centre in 2007 European Call Centre Awards
- ***Available to small businesses with a turnover below £1m
- Free Automated Transactions Tariff as standard
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic our award winning service to help cut out late payers and the risk of bad debt until 31st December 2009 *
- Free advice from a local solicitor
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Free online skills training
- Free advice from our Legal & Tax helpline
- Plus, access to unique business management software so that you can spend less time on admin and more time on what you love doing
- **Best Large Call Centre in 2007 European Call Centre Awards
- *Available to small businesses with a turnover below £1m
