The Caterer

NatWest and RBS offer loans to flood-hit businesses

09 January 2014 by
NatWest and RBS offer loans to flood-hit businesses

Banks NatWest and RBS have launched a £250m UK Storm Business Fund to provide short-term, interest-free financing to help businesses affected by the recent floods to recover.

Loans can cover the cost of repairs and replacement stock to help businesses return to normal trading.

The interest-free loans are available up to a maximum of £250,000 per loan and will be provided for three months, giving businesses the breathing space they need to get back on their feet. They available to any viable business affected, and not just existing customers of the banks.

Businesses affected by the weather can call the UK Storm Helpline on: 0800 529 8544.

Chris Sullivan, CEO corporate bank for NatWest and RBS, said: "As the UK's biggest business bank we know cash flow is critical for businesses. Many firms will have taken a real hit to their livelihoods as a result of this prolonged period of adverse weather. The loss of trade or damage to stock from such a storm can mean businesses find themselves in financial trouble. We're making additional support available because we know how important it is to the local economy and communities to get these businesses operational again."

Hotels suffer hundreds of thousands of pounds in lost business due to bad weather >>

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