Low interest loans available to businesses in the Highlands area of Scotland for assistance with start-up or development costs.
- Loans of between £5,000 and £100,000 considered.
- Up to £50,000 unsecured and £50,000+ considered on secured basis.
- Affordable interest rates, currently 5% - 8%.
- No early repayment fees.
- Flexible repayment terms up to seven years.
Unsecured loans are offered up to £50,000 where there is a strong business plan. Loans over £50,000 and up to £250,000 will only be considered where there is sound security over a business asset and there is a compelling case for economic development in the Highlands.
The Opportunity Fund is provided by Highland Opportunity Ltd.
Loans are intended to provide finance to support business starts and growth projects where they would not be able to proceed without funding support.
Applicants should contact the provider direct to discuss any exclusions that may apply.
Most business sectors are eligible to apply for an Opportunity Fund loan in the area covered by Highlands Council.
Businesses that have been turned away from other funding streams may still be able to access Highland Opportunity loans.
Information regarding match funding has not been stipulated. Interested parties should contact the funding provider directly for further details.
Loans can be for a range of uses, such as: start-up or business acquisition, business expansion, upgrading premises, purchasing equipment, developing new products, or branching into new markets.
Applicants should contact the provider direct to discuss any deadlines that may apply.
Prior to considering a loan application, Highland Opportunity will arrange a visit from their Business Adviser to go over the applicant's business plan in detail. The report of the Business Advisor will be considered by the Board of Highland Opportunity as part of the application process.
Applicants should contact the provider direct for further information.