NatWest Business Loan Overview

NatWest Business Loans logo
  • Natwest business loans offer options for small and large businesses. Find out more about features, how to apply, and the fees you may encounter.
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Last updated on 02 March 2023.

NatWest business loans offers a variety of flexible funding options for businesses, with everything from quick cash to larger, longer-term loans available.

NatWest is registered with the Lending Standards Board and has signed the UK government's SME Finance Charter, which promotes fair and supportive lending practices.

NatWest also offers specialist finance options for high growth businesses, with support, information and products available to those that meet the criteria.

Find out more about the features and eligibility criteria of business loans from NatWest.

What is NatWest?

Launched in 1970, NatWest is one of the largest banks in the UK, and can trace its origins back to more than 200 smaller banks all over England and Wales.

NatWest is one of the UK’s largest business banks today. It provides retail and commercial banking services to its business customers – including business current accounts, mortgages, lending, and growth support – both online and through its high street and mobile branches.

What business finance products does NatWest offer?

NatWest currently offers a range of everyday, large, and alternative business finance options, so you may find a funding solution that matches your needs.

NatWest everyday business finance includes:

  • Small Business Loans
  • Arranged Business Overdraft
  • Business cards – range of debit, credit and virtual cards

NatWest large business loans include:

  • Fixed Rate Loans
  • Variable Rate Loans
  • Commercial Mortgage
  • Real Estate Finance

Alternative business funding:

  • Invoice finance
  • Asset finance
  • Rapid cash
  • Social and community capital

» COMPARE: Business loans

Can I get a small business loan with NatWest?

NatWest’s Small Business Loan is currently available to business customers. It might be worth considering if you need a funding injection of between £1,000 and £50,000.

The interest rate you pay will be based on the length of time you borrow for, the amount you borrow, and your credit status.

Key features of NatWest business loans

The key features of NatWest business loans are:

  • Flexible lengths of repayment, depending on which type of loan you take out
  • No early repayment fees
  • Repayment holidays are currently available these are subject to approval and you will have to keep paying the interest
  • You may be charged arrangement and security fees depending on your borrowing terms
  • Choice of different repayment types.

Am I eligible for a NatWest business loan?

To be eligible for a NatWest business loan, you must:

  • Be a UK resident
  • Be over 18
  • Be a director of the business
  • Have not been declared bankrupt, received a County Court Judgement, or Court Decree
  • Hold a business current account with any business banking provider

Additional criteria may apply for different loans.

How will my credit score affect my NatWest business loan application?

Your credit score shows how capable you are of fulfilling your loan repayments based on your financial history. If, in the past, you’ve missed bill payments, have unpaid debts, or have an inconsistent income, this could hamper your chances of being approved for a loan.

Do I need a NatWest business account to apply for a loan?

No, you don’t need to be a NatWest customer to apply for a business loan. You just need to hold a business current account with any provider.

How do I apply for a NatWest business loan?

You could apply for any of NatWest’s everyday business borrowing options, including the Small Business Loan, online. You’ll need to provide some basic information about your business.

The details required can vary between different finance options, but are likely to include:

  • Your address history for the last three years
  • The date you started trading
  • Your turnover and net profit for the last year
  • Your projected turnover for the next year
  • Details of any current business loan or overdraft repayment obligations
  • And any personal loans, mortgages, overdraft or credit card repayments
  • Your business current account details

Once submitted, NatWest will review your application and conduct a credit rating before letting you know the outcome.

If you’re looking for a fixed or variable rate loan, you would need to fill in the online enquiries form. You’ll then be put in touch with a Relationship Manager, who will review your application and outline your options.

Can I get repayment holidays with NatWest?

Yes, repayment holidays are currently available during what NatWest calls a ‘Family First’ event. An example of which could be the birth of a child or a dependent becoming ill.

What do NatWest customers say?

NatWest has been rated by customers on a number of sites.

  • On TrustPilot, NatWest has 1.4 out of 5 based on 4,173 reviews
  • On the App Store, NatWest has 4.6 out of 5 based on over 75,000 reviews
  • On Google Play, NatWest has 4.0 out of 5 based on 238,000 reviews

Information correct as of 25 August 2022

NatWest business loans in summary

Whether you’re looking for a quick cash injection or longer term finance, NatWest has funding options available, and you don’t need to be a NatWest business customer to apply.

With terms of up to 10 years for fixed interest loans, and 25 years for variable interest loans, you may be able to find a repayment plan that aligns with your business strategy.

Whatever your plans, when looking for a loan, it can be a good idea to compare business loan providers to make sure you get competitive interest rates.

NatWest Business Loan FAQs

Services offered by this provider may change over time. Always check Ts&Cs.