Natwest gives small businesses £5bn coronavirus support
Yahoo News | March 09, 2020
State-owned bank Natwest has announced a £5bn ($6.5bn) package of support for UK small businesses hit by coronavirus. Natwest, which is owned by Royal Bank of Scotland (RBS.L), said Monday it was setting up a £5bn working capital facility that would help small and medium sized businesses hit by the economic fallout from coronavirus. New measures announced include emergency no-fee loans, loan repayment holidays of up to six months, emergency overdraft extensions, and help with cashflow on late invoices.