Glen Etive And Loch Etive - Products Page
HOIL Products
HO(I)L’s product portfolio is made of three different loans which target different clients. Every loan is looked at on an individual basis and many surrounding factors are taken into account before finally making a decision. Certain loan requests (lower value and risk) are dealt under delegated authority by Officers, other loans need to be considered by the Board of Directors.

Start-Up and Growth Loan

Loans for Start-Up and Growing Businesses from the Opportunity Loan Fund

Loan Conditions:

  • Target Group: Sole Trader, Limited, Partnership
  • Loan Amount: £5,000 to £200,000
  • Loan Term: 1yr to 10yrs
  • Initial Interest Only Period: 0 to 6 months
  • Fixed Interest Rate: 4% to 10% (depending on risk)
  • Securities Required: Depending on individual case
  • Arrangement Fee: 1% of Loan Amount if loan is £10,001 or above.
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Community Loan

Loans for Community Businesses from the Community Loan Fund

Loan Conditions:

  • Target Group: Community Interest Companies, Scottish charitable incorporated organisations community companies limited by guarantee, social enterprises and constituted community organisations.
  • Loan Amount: £5,000 to £200,000
  • Loan Term: 2yrs to 10yrs
  • Fixed Interest Rate: 6%
  • Securities Required: Depending on individual case
  • Arrangement Fee: 1% of Loan Amount
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Other Loans

In Cooperation with Third Party Partners (e.g. Business Gateway)

Loan Conditions:

  • Combination of Grant, Loan and Private Investment
  • Target Group: Existing Businesses with Specific Growth Project
  • Loan Amount: up to £15,000
  • Loan Term: 1yr to 5yrs
  • Fixed Interest Rate: 7%
  • Securities Required: none
Economic Prosperity Loan Fund (as of 10/01/2022, for more details click here).
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Loans are subject to a number of conditions and can only be issued in line with HO(I)L’s lending guidelines. Lending could be excluded in the following cases:
  • Purchase of boats and vehicles usually not possible
  • Additional Tourism Accommodation (e.g. B&B’s), Exceptions can be made in certain cases if enough business diversification
  • Refinancing of existing debt
  • Business in distress
  • Breach of State Aid restrictions, displacement or other High-Risk factors could limit lending

If you are interested in a HO(I)L loan, you can find out how to apply on the Next Steps Page.