Funding for Lending Scheme will reduce the cost of borrowing 2

NatWest has set aside £2.5Bn of funds to be provided as loans to customers. That money will be lent with a 1% discount on interest charge and NO ARRANGEMENT FEE.

Any commercial loans to help trading will qualify. That will include asset purchase, buying factories and trading premises. Trade finance, possible buy-outs.

Nat West are also seeking to allow re-drawing of loans, say lending back the last three years repayments, plus terming out hard core OD’s.

I am sure that all the other High Street Banks will have similar schemes so its worth contacting you bank manager to see if the Funding for Lending Scheme can be applied to your loans.
steve@bicknells.net