Hugh Biddell, Head of Charities and not-for-profits at NatWest has been in touch with us here at DSC and shared what they are currently doing to help their charity customers through this difficult time.
Natwest have confirmed that the bank will not take personal guarantees from any customer that obtains funding through the CBILS scheme before the Government instructed all banks and lenders to do so, and are participating in the Coronavirus Large Business Interruption Loan Scheme (CLBILS) for medium sized to large businesses with Group annual turnover of more than £45 million.
It’s important that charities are aware that the charity sector is eligible for CBILS and CLBILS, and for charities to not dismiss this support as an option (assuming their constitutions allow them to take out a loan).
Hugh Biddell, Head of Charities and Not-for-Profit, NatWest said: “ We are here to support our customers and we want to make sure we get the help to those who need it. We understand the challenges that charities and not-for-profits are facing during this unprecedented time and we are supporting the sector with financial support, but also with further initiatives to help charities who are playing their part in supporting people and families during this crisis.”
To find out more about the wider support NatWest are giving charities at the moment, click here:
For more from NatWest, visit their website here.