Together’s partnership with NatWest has been extended so that all commercial and business customers that the bank cannot assist directly will now be referred to the panel, creating more opportunities for customers to access alternative funding.
The specialist lender, has been confirmed as part of NatWest’s nationwide ‘Capital Connections’ panel of alternative finance providers.
The panel includes Together and four additional lenders, including two peer-to-peer platforms, and will cater for businesses with a turnover of up to £25m. The national launch follows the successful pilot, which introduced the panel of lenders to commercial customers in South West England, Wales and Scotland earlier this year.
Together prides itself on its common sense approach to lending, looking at each case on an individual basis and delivering a personal approach; something that is welcomed by small businesses which can often find it difficult to access more mainstream funding.
Marc Goldberg, commercial CEO of Together, said: “We’re delighted that the Capital Connections scheme is now available nationwide, giving us the opportunity to assist even more SME customers where direct funding from NatWest is not available. Our broad product range, combined with funding channels of over £1.6bn and our expertise in the specialist lending sector, provides business and commercial customers with a complementary offering. We look forward to working with small businesses and entrepreneurs across the UK to deliver the funding they need.”
Alison Rose, CEO of commercial and private banking at NatWest, said: “Following a successful pilot, I’m delighted that we will now be able to formally refer all business and commercial scale businesses, across England and Wales, to an unrivalled panel of experts and professionals with a wide range of lending appetites.”
Customers can choose to contact any of the funders directly or be referred by their NatWest relationship manager. There will be no commission paid as a result of any referrals, ensuring maximum transparency and no conflict of interest.