We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.
Take 2 minutes to learn more.

Great news for small businesses: new NatWest “3 minute loan”

Posted 7 years ago

Share this article:

This week NatWest announced that it will be launching a new online lending platform. The “3 minute business loan” will allow small businesses to borrow up to £35,000 in a process that is expected to take around 3 minutes, with money in accounts within 24 hours. This super quick service is thanks to a pre-assessment of over half a million small business customers who can have access to the platform. The Bank has said that it will be rolling the service out this summer.

If it sounds a little like competition for the Peer-to-Peer market, well perhaps it is, but that can only be good news for small businesses – more competition means more funding options and the opportunity to pick what best suits your business.


The average acceptance of loan applications by peer-to-peer business lending platforms was 22.7% (based on transaction volumes between 2013 and 2015). Awareness of the sector however remains low – just 12% of all the money lent to small UK businesses in 2015 was through alternative finance according to NESTA – which doesn’t mean the sector isn’t lending, it just means many of those who turned to their Banks for a loan and were refused didn’t realise that there are alternatives, of which peer-to-peer is one.


businessagent.com can help small businesses access the right peer-to-peer loans for them. In addition to the peer-to-peer platforms, our site offers visibility of the ‘other’ lenders in this space, such as specialist and challenger Banks and specialist Brokers. One application to businessagent.com is seen by over 70 lenders and platforms and the soft footprint credit rating process means there is no detrimental impact by doing so, saving you time and offering your business full visibility of the loan options available to it. https://businessagent.com/loans

Tagged: business loan Natwest 3 minute business loan small businesses peer-to-peer marketplace p2p marketplace p2p loans p2p lending banks bank loan

Be a contributor to our blog click here to contact us
Click here to sign up to our newsletter


Log in to comment

We reserve the right to remove comments which are inappropriate and/or offensive.
Comments are not the opinion of Nextfin.uk. Please read the comment guidelines
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph