Share this content

Nationwide Bank account and Bounce-back loan

Applying bounce back loan with Nationwide

Didn't find your answer?

Hello

Self employed client has been using his Nationwide account for his business. I have checked and Nationwide is not on the BBL accredited list. Anyone has an idea whihc bank would accept nationwide customers application for business bank?

Thanks 

Replies (7)

Please login or register to join the discussion.

Avatar
By I'msorryIhaven'taclue
09th Nov 2020 19:45

Many lenders have now closed their doors to applications from "new" customers. But you could begin by browsing through the various BBL banks' various criteria at:

https://www.british-business-bank.co.uk/ourpartners/coronavirus-business...

Thanks (1)
Replying to I'msorryIhaven'taclue:
avatar
By EmmaJee
09th Nov 2020 19:59

Thanks for the link
I already know about it. I was looking if thre is anyone these banks allow Nationwide bank customers to open business account. like Halifax customers could open account with Lloyds..
Do Nationwide have any daddy :) bank?

Thanks (0)
Replying to EmmaJee:
avatar
By Anonymous.
09th Nov 2020 20:52

EmmaJee wrote:

Do Nationwide have any daddy :) bank?

Nationwide is a building society (so has no parent company) although it may have subsidiaries that make business loans. I'd be surprised, to be honest, if you look at the bottom of this page:

https://www.nationwide.co.uk/about#xtab:twistyitem1

This is their (savings only?) business offering:

https://www.nationwidecommercial.co.uk/

Thanks (1)
Replying to Anonymous.:
Avatar
By I'msorryIhaven'taclue
09th Nov 2020 21:41

So I guess it's hard cheese on your client, Emma; but well thought through Anonymous. I shall award you ten bonus points!

The free-for-all has rather passed your client by, (Emma), although I guess it would be awfully good if a new/alternative lender (other than those on the linked list) were to happen by. Anyone know of such a new and liberally inclined BBL lender?

Thanks (0)
Replying to I'msorryIhaven'taclue:
avatar
By memyself-eye
10th Nov 2020 09:32

They're all liberally inclined- the banks are not on the hook when all these BB loans go bad.

Thanks (0)
Replying to I'msorryIhaven'taclue:
avatar
By Anonymous.
10th Nov 2020 12:01

I'msorryIhaven'taclue wrote:

So I guess it's hard cheese on your client, Emma; but well thought through Anonymous. I shall award you ten bonus points!

Thank you! We aim to please!

Thanks (0)
Replying to Anonymous.:
Hallerud at Easter
By DJKL
10th Nov 2020 09:52

Nationwide are not like other "banks", we spent over ten years with them as our main Group lender (until they decided to try to kick us when we were down post the banking crash- bankers lending one umbrellas springs to mind). They have I believe already withdrawn from lending against commercial investment properties and tend to be a tad more conservative with their lending practices compared with the high street banks.

On the plus side my wife holds a very old qualifying deposit account in them, the account dates to the 80s and has sat since 1990 with £500/£600 in it just in case they ever decide to abandon their mutual status and give us some free shares (we are not holding our breath)

Thanks (0)
Share this content