Published on September 15, 2022
OakNorth, a leading digital bank, has recently announced the launch of its groundbreaking business banking offerings.
As more and more businesses seek efficient and flexible financial solutions, OakNorth has designed a comprehensive suite of banking services tailored to meet the unique needs of small and medium-sized enterprises (SMEs).
What’s new?
The new business banking offerings include a range of features aimed at enabling businesses to thrive in today’s ever-evolving market:
- Flexible Business Loans: OakNorth now offers SMEs access to flexible loans with customizable terms and competitive interest rates. Businesses can choose repayment periods that align with their cash flow cycles, ensuring they have the financial flexibility they need.
- Business Savings Accounts: OakNorth’s new savings accounts provide competitive interest rates, helping businesses grow their funds effortlessly. With easy online access and accounting integration, managing funds and planning for the future has never been simpler.
- Business Current Accounts: SMEs can now take advantage of OakNorth’s feature-rich current accounts specifically designed for businesses. With intuitive online banking tools, businesses gain full control over their finances and can easily manage their day-to-day transactions.
- Financial Advisory Services: OakNorth’s team of financial experts is available to provide personalized advice and guidance to businesses, helping them make informed financial decisions and optimize their growth potential.
The benefits for businesses
These innovative business banking offerings provide numerous benefits to SMEs:
- Efficiency: Businesses can access banking services online, eliminating the need for time-consuming visits to physical branches, allowing more time to focus on core operations.
- Flexibility: The tailored loans and accounts give businesses the flexibility to manage their finances according to their unique requirements, enhancing their overall financial health and stability.
- Savings: With competitive interest rates and dedicated savings accounts, businesses can watch their funds grow while maintaining easy access to their money whenever needed.
- Expert Advice: The professional financial advisory services OakNorth provides can help businesses navigate complex financial decisions, ensuring wise investments, risk management, and long-term success.
A digital-first approach
OakNorth’s emphasis on digital banking solutions ensures a seamless and user-friendly experience for businesses. The intuitive online interface enables businesses to access their accounts anytime, anywhere, and simplifies day-to-day banking tasks.
The user-centric design also includes integration with popular accounting software, streamlining financial management processes and saving valuable time for businesses.
Innovation for growth
OakNorth’s launch of these new business banking offerings represents an important milestone in the financial industry. By combining flexible and convenient banking services with expert guidance, OakNorth aims to empower businesses of all sizes to achieve their growth potential and contribute to economic prosperity.
With OakNorth’s commitment to continuously innovate and adapt to the evolving needs of businesses, it is set to redefine the landscape of business banking, fostering success and resilience in the face of changing times.