NatWest and RBS have launched a £250m UK Storm Business Fund to provide short term, interest free financing to speed recovery for businesses affected by recent floods and gales.
Loans can cover the cost of repairs and replacement stock to help businesses return to normal trading. Interest-free loans will be provided for three months giving businesses the breathing space they need to get back on their feet. The fund and support package are available for all viable businesses adversely affected, not just existing NatWest/RBS customers.
A number of other emergency measures have been introduced in addition to the UK Storm Business Fund:
Repayment holidays on existing small business loans
Temporary credit card limit increases
Waiving of early withdrawal fees and termination costs for customers wishing to access deposits
Fast-track requests for temporary overdraft increases
Businesses affected by the adverse weather should contact their relationship manager or call the helpline number below. NatWest/RBS business managers will continue to contact and visit customers affected to see how else they can help.