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Natwest and RBS launch SME scheme
The Royal Bank of Scotland and Natwest have announced new plans to help small businesses receive loans and get the advice they need.
The banks will launch a telephone and email service which aims to "exhaust every avenue in the search for a responsible lending solution that meets the businesses' needs."
With many small businesses struggling to access credit through banks, the schemes has been cautiously welcomed.
"We need someone to act as an honest broker; someone to look at the facts, get to the heart of the matter and get a decision made quickly to help small firms sustain their cash flow during these tough times," said John Wright, national chairman for the Federation of Small Businesses.
"If this move helps fill that gap, even partially or temporarily, then it has to be welcomed. That said, it cannot replace high-quality, impartial government advice."
Post Date: October 15th, 2009
The banks will launch a telephone and email service which aims to "exhaust every avenue in the search for a responsible lending solution that meets the businesses' needs."
With many small businesses struggling to access credit through banks, the schemes has been cautiously welcomed.
"We need someone to act as an honest broker; someone to look at the facts, get to the heart of the matter and get a decision made quickly to help small firms sustain their cash flow during these tough times," said John Wright, national chairman for the Federation of Small Businesses.
"If this move helps fill that gap, even partially or temporarily, then it has to be welcomed. That said, it cannot replace high-quality, impartial government advice."
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Post Date: October 15th, 2009
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