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 seven years
  • Interest: 5% above Bank of England base rate (at date of application)
  • Capital Repayment Holiday: Discretionary – up to 6 months
  • Level of Funding: Up to 50% of costs