Together confirms partnership with RBS for SME customers.
We’re proud to confirm our partnership with RBS as part of the Capital Connections pilot scheme for business banking customers in selected regions. Where borrowing directly from the bank is not possible, SME customers can now be formally referred to the new panel of alternative lenders.
The panel, which includes Together and three peer-to-peer platforms, will cater for businesses with a turnover of up to £25m and will initially be piloted in South West England, Wales and Scotland before being rolled out nationally later this year.
Customers can choose to contact us directly, or be referred by their RBS relationship manager. There will be no commission paid as a result of any referrals, ensuring maximum transparency and no conflict of interest.
Marc Goldberg, commercial CEO of Together, said: “We’re really pleased to be part of the Capital Connections scheme, which will allow us to assist RBS’s customers in situations where direct funding is not available.
“As a specialist lender with a successful trading history that spans over 42 years, built on a reputation for providing fast and flexible finance with exceptional personal service, and current external funding facilities of just under £1.6 bn, we’re ideally placed to act as a complement to the bank to ensure that their business banking customers are able to access the finance they need.”
Alison Rose, CEO of Commercial and Private Banking at RBS, said: “Building on our existing scheme for small businesses, I’m delighted that we will now be able to formally refer commercial scale businesses to an unrivalled panel of experts and professionals with a wide range of lending appetites.”
Lending decisions are subject to an affordability/creditworthiness assessment.
Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.