We are only just into July, start of holiday season, and yet Nationwide still prove to be the number one choice amongst businesses searching for finance.
Again we have seen in recent weeks with the libor situation, the bigger banks have done themselves no favours, and all this at a time when business owners of the uk are being told to trust the banks, and that they are “there to help”. The phrase “heard it all before” springs to mind!
We continue to make commercial decisions that we feel will undoubtedly prove to be the saving grace for many business who want to grow. Ambitions are being stifled by business banking managers who only have the authority to decide how many sugars go into their coffee. Nationwide employ genuine decision makers. Every single one of our account handlers can make a decision. They do not have to jump through hoops, run to a credit committe for a 10 hour meeting to decide if we lend or not. Again this is a structure that is so refreshing and welcomely traditional.
Customers are still amazed with the time it takes to get a decision and even more so with speed that the funds reach their account, 24 hours usually. For business loans there really is only one company worth speaking to…..us.