RBS Funding for Lending response underlines SME alternative finance role

21st August 2012

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So, we’ve seen the first SME finance move by a bank in relation to the Funding for Lending scheme. The reduction in interest rates for small businesses by RBS and NatWest is positive but it is arguably a drop in the ocean and it is clear that services such as invoice discounting remain essential.RBS and NatWest have cut interest rates for small businesses, announcing that the move will generate significant savings for these companies. The banks have also said that arrangement fees will be abolished on another tranche of SME lending. Read more]]>