Lending
Do you fund property development?
Only for long-term funding. We don't fund build-and-sell projects.
Do you fund build-to-let?
We may consider a request for a buy to let, but there would need to be a strong social aspect and the properties would need to be built or refurbished to the highest possible eco standards.
My business is involved in tourism / recreation. Is there a standard set of criteria I need to meet?
We have now developed a policy for lending to businesses involved in tourism (accommodation providers / campsites / visitor attractions / recreation).
We are pleased to be working in conjunction with the Green Tourism . Green Tourism is the national sustainable tourism certification scheme for the UK, and businesses opting to join Green Tourism are assessed by a qualified grading advisor against a rigorous set of criteria, covering a range of areas, like energy and water efficiency, waste management and biodiversity. Businesses are awarded a business Bronze, Silver or Gold accreditation depending on the outcome of their assessment.
It is a condition of any lending (loan or overdraft) that a business is accredited to a minimum standard of Silver within a specified period of the facility being made available
How much will my legal fees be for a business loan?
You will be required to pay your solicitors directly. Any charges from Lerwick directly will be outlined in your Heads of Terms.
How much can I/we borrow with a business loan?
How much you can borrow depends on your specific circumstances.
I am not sure yet how much I need to borrow for my business loan. Can you help me determine the required facility amount?
Offshore Finance Group offers a fully unadvised service and you will have to determine the amount you require independently. We recommend you consult an independent financial adviser if you need help to determine your financial requirements.
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Commercial Lending
