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Natwest & RBS launch a £150m Leisure Fund

RDO / News  / Natwest & RBS launch a £150m Leisure Fund
22 May

Natwest & RBS launch a £150m Leisure Fund

Natwest and RBS have launched a £150m Leisure Fund to help provide finance for SME businesses in the leisure and tourism sector on a “first come, first served” basis.

The main features of the fund are that SMEs can:

  • Take out a loan of £100k-£10m on a secured or unsecured basis
  • Pay no arrangement fee – making it cheaper to access a range of fixed and variable rate loans, helping take businesses forward (early repayment charges may apply to fixed rate products)
  • Take up to a five-year term
  • Take up to two Capital Repayment Holidays of six months during the term of the loan (excluding the first 12 months)

Optional Capital Repayment Holiday

NatWest has also created a variable rate loan package that incorporates an optional Capital Repayment Holiday during the loan period.

The Capital Repayment Holiday applies to loans over £1m, for borrowing below £1m it is subject to application.

Further details can be found on the following link: http://www.natwest.com/commercial/finance/g1/overdrafts-and-loans/leisure-fund.ashx

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