41 | Q4 2021 Sep21649 For effortless working capital using a paperless platform, with painless setup and ongoing support, why not try Rapid Cash from NatWest? It’s quick and easy to apply for funds and you could get access to your money within 48 hours. We find out more about this innovative new offering from one of the UK’s leading banks. Rapid Cash, by NatWest, is an innovative, high-tech solution to business financing. Potentially cheaper than invoice factoring, and more flexible than a loan, Rapid Cash unlocks the capital in your unpaid invoices. It’s called Rapid Cash because it is just that – fast! Applicants can easily get started in five minutes and could be approved in 48 hours, receiving the funds just two hours later. It’s simple too. Seamlessly integrating with a specified accounting package, which means no extra paperwork or legwork. Just borrow what is needed when it’s needed and only pay for what is borrowed for limits of £300,000 or less. For limits over £300,000 there is an annual facility fee of 1.5% of the limit, which is payable monthly in arrears. To apply for Rapid Cash is simple. First of all, check your eligibility. If you’ve been trading for six months or more, have an annual turnover of £100,000 plus, have a Limited Company or a Limited Liability Partnership, invoice other businesses, and use one of a variety Most innovative Business Financing Tech Solution 2021 of accounting packages (including Sage and QuickBooks), then you can apply. Connect your accounting package to the Rapid Cash platform and upload your supporting information, including details of your business bank account. Rapid Cash will call you within 48 hours to talk you through a credit assessment and, once approved, you can finish setting up your account and choose customers to borrow against to get your funds! Recently, Rapid Cash was awarded the title of Most Innovative Business Financing Tech Solution of 2021 in the Greater London Enterprise Awards for its easy to use platform and innovative solution offering. With its easily accessible features and flexible borrowing, Rapid Cash is changing our financial world. This will benefit any business and offers us the financial freedom to invest in our future. Company: NatWest Rapid Cash Web Address: www.rapidcash.natwest.com NatWest Rapid Cash Recently, Rapid Cash was awarded the title of Most Innovative Business Financing Tech Solution of 2021 in the Greater London Enterprise Awards for its easy to use platform and innovative solution offering.
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