Ulster Bank accommodating start-ups

28 Sep 2010

Ulster Bank has announced an initiative that offers start-ups and early-stage companies incentives to bank with them.

The new initiative sees Ulster Bank waiving transaction fees for newly established and young businesses for two years when they become customers of the bank.

Free interest-free banking for start-ups and early stage companies will allow companies avail of a loan of up to €30,000 for business development purposes without having to back it with assets.

“Improving and growing our economy requires a continuous emergence of new enterprises,” said Henry Elvin, head of business banking at Ulster Bank.

“We want to play a key role in helping to create a new generation of vibrant, successful local businesses and to help them develop to their full potential,” Elvin added.