Business lending: August Deals of the Month


Business lending: August Deals of the Month

Each month we profile five of the key SMEs banking deals supported by RBS and NatWest business banking and commercial banking teams around the UK.

August deals range from a £26,000 loan for a specialist running shop to a six-figure investment for a supplier of forklift trucks and industrial cleaning equipment.

i-Run 

Location

Chichester

Amount lent

£26,000

 

Why

Thanks to NatWest help, the specialist running website iRun has expanded offline and launched its first store in Chichester. The funding received allowed iRun to refurbish the shop, buy new stock, create two new jobs and carry out marketing activity.

Key individuals involved

James Ellis, founder of iRun and former international cross-country competitor, and David Wright, NatWest Relationship Manager.

Bicester Bridal 

Location

Bicester

Amount lent

£15,000
 

Why

Bicester Bridal has more than tripled its shop space and moved to a prime position in Bicester with the help received from NatWest. The new larger premise will accommodate more customers and will create additional jobs.

Key individuals involved

Madelaine Orlando, founder of Bicester Bridal, and Lisa Robey, NatWest’s Director of business banking for Oxfordshire.

Snakes and Ladders Children’s Adventure Playgrounds 

Location

Syon park, Brentford

 

 

Amount lent

£2.5 million refurbishment supported by NatWest

Why

Snakes and Ladders Children’s Adventure Playgrounds reopened its Brentford site following a £2.5 million refurbishment supported by NatWest. The works have seen new play zones created and new play frames installed. Structural improvements have also been made to the building which was once the home of the Heritage Motor Centre.

Key individuals involved

Andrew Kirkwood, Director of Snakes and Ladders, and Neil Taylor, NatWest Senior Relationship Manager.

Tagged

2014

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