A Boost to Small Businesses

Small businesses will have access to an additional £450 million of discounted loans after the Royal Bank of Scotland (RBS) and Santander negotiated extra European funding.

The funds have been secured from the European Investment Bank (EIB).  The RBS will have funds available of £300 million at 0.6 per cent below its standard interest rate and Santander has £150 million to lend at 0.7 per cent below its usual rate.

The available money is aimed at businesses with less than 250 employees and should be a welcome boost at a time when lending to small businesses is on the decline.

We can assist with raising business finance so please get in touch.

Talk to us TODAY for help with this matter: Barrie 0115 721 0900 or barrie@smithemmerson.co.uk