If you are looking to open a Business account in order to apply for the government-backed Bounce Back Loan Scheme, please note you will only be eligible for the loan with NatWest if: You were an existing NatWest Personal or Business Customer on or before 4 May 2020, You can evidence that your business was established before 1 March 2020, You can certify that your business has been adversely impacted by Coronavirus, You’re a UK resident with a business or registered charity based in the UK. Have you applied for the BBLS? And if your bank turns you down, you can still apply with a different lender. COVID-19 loan application form The Bounce Back Loan scheme will help eligible small and medium-sized businesses that have been affected by the coronavirus situation to borrow between … Fees apply. By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application. What if my business is based in Scotland? 2. Bounce Back Loan Scheme (now available) will help SMEs borrow between £2,000 and £50,000. Thanks for choosing our Business bank account. This includes the Bounce Back Loan Scheme (BBLS) – here’s how to apply. Our full range of saving options are also here to help you stay on top of your finances. Information about your business activity and number of employees, Any other trading names your business uses, Details of any countries you (or your business) are registered in, Details of your business’s or cash flow forecasts, You'll need 6 months of bank or building society statements if you're switching accounts to us. Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. Bounce Back Loan Scheme Application Form Bounce Back Loan – Key Features n Loans of between £2,000 to £50,000 (up to a maximum of 25% annual turnover) n Government covers the first 12 months of interest (this means you pay 0% for the first year) n No repayments required for the first 12 months n Interest rate of 2.5% n 6-year loans … Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us. Quote 'coronavirus loan… How do I apply for a Bounce Back Loan? Does the mere mention of those items give you sweaty palms and a feeling of dread? In order to set up an Online Banking, the application form should be completed. Apply to meet with experts and like-minded businesses, as well as gain access to a wealth of free learning tools to grow your business through our fully funded Entrepreneur Accelerator programme and free Business Growth Events. Residents of the Devon town reacted with such…. Some state aid restrictions may apply to your application. The Bounce Back Loan scheme is open to applications until 30 November 2020. The government will cover interest payable in the first year. Relay UK Service: 18001 0345 307 0600 Through the BBLS: You'll have to self-certify that your business is eligible as part of the application. Relay UK Service: 18001 0345 307 0600 Keep up to date with Simply Business. Tap 'Help' at the bottom of the screen. The new Bounce back loan scheme launched by the Government today offers small businesses loans of between £2,000 and £50,000. © Copyright 2021 Simply Business. Yes. The government provides lenders like NatWest, with a guarantee for 80% of qualifying loans. To see how much your call might cost, visit the call charge information page. For lending above £50,000 please consider the Coronavirus Business Interruption Loan … Business and Relationship Managers are available 9am-5pm Monday to Friday. 3. If your business is eligible, the British Business Bank says the application will be “subject to appropriate customer fraud, Anti-Money Laundering (AML) and Know Your Customer (KYC) checks”. You can discuss applying for an additional business account. It's important for you to understand how we use and share your information. More information on Accessibility. We're here to support you through difficult times. To see how much your call might cost, visit the call charge information page. For businesses in England or Wales, please call us on 0345 711 4477. After 12 months, all banks will charge a fixed 2.5% annual interest but this is much cheaper than a personal loan. What is the Bounce Back Loan Scheme (BBLS)? Online Banking gives you all the tools needed to manage your money online. To apply there is a simple form … During your application, we'll make it clear if you don't meet the criteria for a Select account, and you will then be offered a Foundation account. Manage your loan . It is suitable for customers managing a higher volume or value of payments. All Rights Reserved. Personal details for any directors, partners, members or signatories. Spread the word. You're about to start your application so just a heads up: to apply for a joint loan both applicants must: - have a NatWest current account (held for 3+ months) - be 18+ and a UK resident - have not applied for a loan in the last 28 days or been declared bankrupt in the last 6 years - share a joint NatWest … Calls may be recorded for training and monitoring purposes. Meet with experts and like-minded businesses, as well as gain access to a wealth of free learning tools to set up and grow your business through our free Business Growth Events. We’re on hand to help you. It allows you to view balances, make payments, transfer money between accounts and access historic statements (up to 7 years). Security may be required. After some businesses struggled to access credit through the Coronavirus Business Interruption Loan Scheme (CBILS), the Chancellor announced a new Bounce Back Loan Scheme (BBLS). Subscribe to our monthly newsletter and follow us on social media. Small Businesses can apply for up to £50,000 loan, with no interest charges or repayments needed in the first 12 months. You should have a direct number for them. Up to £50,000 loan: Loans … Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Log into our mobile app. Bounce Back Loan Top-Up If you've borrowed less than 25% of the annual turnover on your BBL application, you could apply for a Top-Up subject to an overall cap of £50K. Visit our servicing hub for instant access to managing your business accounts, loans, credit cards and any other business service you have from NatWest. These business current accounts are for businesses that are over 1 year old. Thank you for your understanding at this unprecedented time. check the status of your account opening process, receive latest updates about your application, find out more about your main account and other accounts, including deposit accounts, Use the same details that you created when you applied for your business account to log in, If you haven’t already set up access to your online application centre, create a login. It’s a digital platform designed to put you in control of your business finances. Gather the relevant information such as your annual turnover, bank or personal business account number and latest tax return; Head to the lender’s … Get instant access to hints and tips in the click of a few buttons. To find out about switching, check out the Current Account Switch Service. Simply Business - Insurance for your business. Once registered a customer can order a card reader and then they’re ready to use the Online Banking service. Read on for more account features and benefits. While there isn’t anything stopping you from going elsewhere if they can’t give you finance, the Financial Times reports that out of the 10 lenders taking part on day one, only HSBC was offering non-customers a loan. To access a Bounce Back Loan… Find out more about how Natwest Business can help you & view the range of loans. No minimum monthly charge - only pay for what you use, Just pay for certain transactions, unarranged borrowing, international payments and Bankline charges, See a full list of business account charges (PDF, 48KB), Our business customers can benefit from their own dedicated Relationship Manager, providing a single point of contact for your business (turnover and eligibility criteria apply), Link your business bank account directly with FreeAgent, Invoices, expenses and bank accounts in one place, FreeAgent is free for NatWest business customers, As a Natwest Business customer, you can access and apply for FreeAgent, Most banking activities available through Online Banking, UK based telephone banking lines open 24/7, 365 days a year. If we don't mention the Foundation account, you can continue with your application … Where can I find more information about COVID-19? To register for the mobile app, you'll need your 10-digit customer number, your 4-digit PIN, your Online Banking password and your mobile phone number. We offer Online Banking, Mobile Banking and Bankline. With Bankline you can view all your accounts on one profile, create multiple users with customised roles and make payments of all sizes securely. Current Account Switch Guarantee (PDF, 40KB), Your Guide to switching your account to us (PDF, 2.3MB). .css-1b53oxy-LinkUnderlined{color:#262626;-webkit-text-decoration:none;text-decoration:none;cursor:pointer;color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}.css-1b53oxy-LinkUnderlined:hover{color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}Read our full disclaimer. When you apply for a loan, you’ll need to self-certify that you’re eligible for the BBLS based on the criteria above. To be self employed in the first year Scheme is capped at £50,000 eligible as part of the loan Scotland. 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