NatWest increases Broker Direct lending limit to £500,000

NatWest is increasing the limit on how much businesses can borrow through its Broker Direct service, up from £250,000 to £500,000. 

The bank is also maintaining its support for larger transactions through its specialist regional BDM team.

NatWest will continue to offer smaller sums through Broker Direct, with the lower limit of borrowing through the service remaining at £50,000. 

Broker Direct is a dedicated service for SME brokers. Since its launch in June 2023, the time taken from the deal being presented to a credit backed decision has reduced by 35%. 

Dave Furnival, head of  broker services at NatWest Group, said: “We’re committed to boosting economic growth across the whole country, and this is why we’ve made it quick and easy for businesses of all sizes to use Broker Direct, now for up to £500,000, to help companies grow.

“We’re happy that Broker Direct has seen such high demand after its launch last year that we’re increasing how much we lend through it. We’ll continue to work closely with customers to help them grow and get to where they want to be.”