UK: NATWEST EASES SME BORROWING RULES

Article Abstract:

National Westminster (NatWest) has announced plans to improve its borrowing terms for small businesses, in a move which is being interpreted by some sources as an attempt to deflect criticism away from the argument that it operates a virtual monopoly in the small business market. Under the new proposals, which will come into effect from January 2001, NatWest has scrapped the unpopular rule making overdrafts payable on demand. Instead a small business will be able to take out a guaranteed overdraft for up to 12 months providing it does not breach the terms of the agreement. NatWest controls 29% of the small business market following its takeover by the Royal Bank of Scotland.

Capital & Loanable Funds, National Westminster Bancorp Inc.

---

UK: OFFER OF GUARANTEES WITH USED CARS

Article Abstract:

Since used cars generally have a poor reputation for reliability, condition and value, the Network Q scheme from Vauxhall offers a 114-point check on second-hand cars. The warranties must be guaranteed by dealers, and a vehicle exchange scheme is offered for faults that cannot be rectified. Network Q has just been voted the favourite used car programme in the UK, in a survey of over 300 buyers of used cars under five years old. It is said to offer good customer care, peace of mind and value for money. It has been established for almost 10 years, and is the largest such scheme in the UK, with over 120,000 sales per year.

Marketing procedures, Used car dealers, Used automobile dealers, Automobile dealers, Vauxhall Motors Ltd.

---

Similar abstracts:

• Abstracts: UK: GENERICS TO SEEK STOCK EXCHANGE LISTING. UK: FSA WILL SEE INCREASING COSTS. UK: INFOBANK FUNDING PLAN, LISTING MOVE
• Abstracts: UK: COLT POSTS WIDER LOSS. UK: STOVES POSTS LOWER PRE-TAX PROFITS. UK: PREMIER FARNELL POSTS PRE-TAX PROFIT GAIN

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.