£450 million of Discounted Business Bank Loans for SMEs

Small businesses will be able to access an extra £450 million of discounted loans after two high street banks negotiated extra European funding. Santander and the Royal Bank of Scotland (RBS) have secured the funds from the European Investment Bank (EIB). RBS will be offering £300 million at 0.6% below its standard interest rate; Santander has £150 million to lend at 0.7% below its usual rate. Santander’s head of commercial banking, Steve Pateman, said the loans – aimed at small firms with fewer than 250 employees – would help boost economic recovery by making affordable capital available to small businesses at a time when they really need it, saying: “We’ll be able to assist more small and medium-sized customers with their expansion plans at discounted ... »

Red Nose Day '09

Raise Red Nose Day funds to win prizes

Small Business News – 17th February 2009 BT Business has called on small firms to raise funds for Comic Relief, for the chance to win prizes, motivate staff and raise their company profile. The three business owners or staff members who raise the most money by certain dates will receive one of three prizes – two pairs of tickets for a Take That concert in Glasgow including accommodation, a pair of tickets to the Comic Relief comedy auction at the BT Tower in London, or North Face adventure sports clothing and equipment worth up to £250. “Fundraising is a great opportunity to motivate staff, increase your brand presence with customers and clients, raise the company profile within the local community and show support to a worthwhile cause.” said BT Business mana... »