Free Accounting Software for NatWest Business Banking Customers

NatWest business current account customers can access award-winning* accounting software, FreeAgent, to help manage their business finances.

Integrated with your bank account, FreeAgent helps to keep your finances on track - whether it’s firing off an invoice, tracking your expenses or staying on top of your cash flow.

Even better, it’s free to our customers who maintain a business current account.

*Most Outstanding Accounting Software of the Year, SME News Business Elite, 2019

https://www.business.natwest.com/business/business-services/freeagent.html#freeagent

Apply for a Start Up Loan for your business

Apply for a government-backed Start Up Loan of £500 to £25,000 to start or grow your business.

Unlike a business loan, this is an unsecured personal loan.

You’ll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.

To apply for the loan all of the following must apply:

• you live in the UK

• you’re 18 or over

• you have (or plan to start) a UK-based business that’s been fully trading for less than 24 months

Start Up Loans are government-backed and charge a fixed interest rate of 6% per year.

You can repay the loan over a period of 1 to 5 years. There’s no application fee and no early repayment fee.

https://www.gov.uk/apply-start-up-loan

Self-Employment Income Support Scheme - Extension

The scheme has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020.

The scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

As with the first grant HMRC will contact you if you’re eligible.

You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant.

How the grant works:

If you

receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as a military reservist.

The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.

HMRC will work out if you’re eligible and how much grant you may get. But you can follow these steps to help you understand how we will do this and what you can do now.

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme