Banks pledge retail funding
RBS and NatWest have announced plans to provide loans of up to £25,000 to small businesses directly impacted by the riots across the Midlands.
The banks said the funding packages would be available on an interest-free basis for up to six months.
Businesses struggling to access short-term funding can access the loans to repair damage and boost trading levels, said the banks.
In a statement, RBS and NatWest said the funding would help "those waiting on financial support from either the government or their insurance company".
At the end of the six-month period, businesses can either repay the loan from these funds or transfer any outstanding amounts on to one of the banks' loan products.
Steve Wakelin, managing director of business banking in the Midlands, said: "We want to do everything we can for businesses affected by the riots. These loans will help firms waiting for insurance payments or needing urgent repairs to open for business as soon as possible.
"I hope that other banks will also be able to help small businesses recover, our high streets are vital for local communities and the economic recovery."
