If you’re looking for financial support for your business here is some information about the type of help our bank members are offering:
The bank has a call back function which allows customers to input details of their request to save holding on the line. There is a wealth of detail on the Barclays Bank website that covers whether you are eligible for the Coronavirus Business Interruption Loan Scheme, borrowing opportunities, and a specific Coronavirus hotline.
To relieve some of the financial pressure on smaller businesses the bank is giving free everyday business banking and won’t charge interest on overdrafts between 13 March and 12 June 2020. The changes will be applied by the bank, you don’t need to get in contact to get the alteration.
More information available via the Barclays Bank website.
NatWest Bank has put in place a broad package of financial support with solutions for its large and small business customers. Immediate measures to support cashflow and provide additional working capital, include:
- Up to 6-month Capital Repayment Holiday on variable rate lending
- The granting of an overdraft or extension of existing overdraft limits
- Customers can have immediate access, if required to surplus cash in their Treasury Reserve Deposit account
- Fee free overdraft facilities up to £5,000
It has streamlined its approach with the Coronavirus Business Interruption Loan Scheme, minimising, where possible, the requirements to ensure customers are supported as quickly as possible. The scheme has been opened up to more customers, with the minimum loan size offered at £5,000 which is available to sole traders, partnerships and limited companies.
It also provides additional advice and support to customers through relationship managers who are proactively speaking to business customers.
More information is available via the NatWest Bank website.
If customers have a dedicated relationship manager at Lloyds Bank they should contact them first. The email address: can be used for fulfilment, or requests can be logged via the Lloyds Business Banking website. Customers will be asked to complete an enquiry form and if they meet the criteria as listed their enquiry will then be routed to an available colleague within Business Banking who will contact them directly.
The website also provides details of additional support available.