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Business Loan

Provision of loans to encourage business start-up and enable business and community development in the Outer Hebrides.

Loan Terms

  • Funding: Up to £50,000
  • Repayment Period: Up to 7 years
  • Interest: 4% fixed (unsecured) for loans up to £10,000 and 4% fixed (secured) 6% fixed (unsecured)- for loans above £10,000
  • Security: Unsecured
  • Capital Repayment Holiday: Discretionary – up to 6 months
  • Level of Funding: Up to 50% of costs