The Royal Bank of Scotland has launched a new low start option for its flexible business loan designed to give small businesses a kick start whether they are setting up from scratch or planning to expand.
The low start option allows businesses to pay just 30% of their loan repayment for the first six months, with the full repayment starting only in year two. This has the advantage of giving businesses the breathing space they need to make their investment really work for them as well as freeing up cashflow, something which is particularly helpful during the critical early stages of a start-up or expansion.
Jason Oakley, head of business banking at The Royal Bank of Scotland, comments: "When it comes to finance, small businesses want flexibility. By giving them the chance to shape the way they pay their loan, we are giving businesses the breathing space they need exactly when they need it."
