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Commercial Lending

Bank of St Helena is committed to providing its business customers with accessible, affordable and appropriate financing for their commercial ventures. We offer a range of commercial financing options.

Unsecured Business Overdraft

7%
  • For working capital purposes only
  • A source of funding to support the daily operational requirements of a business
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Unsecured Business Loan

7%
  • Borrow up to £5,000 without the need to provide collateral (cannot be used for vehicle purchase)
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Tourism Accommodation

5%
  • To qualify for this type of facility, the building must be constructed, renovated or purchased for tourism accommodation and must consist of a minimum of eight bedrooms
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Deferred Business Loans

6%
  • Like a normal business loan, however, repayments are deferred for an agreed period
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Secured Business Overdraft

6%
  • For working capital purposes only
  • A source of funding to support the daily operational requirements of a business
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Secured Business Loans

6%
  • Allows you to borrow a larger amount of money, but collateral is essential
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Secured Business Loan Over £150k

  • LIBOR Rate + a margin set by the Bank, reviewed annually
  • Commercial loans in excess of £150k, and repaid over a period exceeding 5 years
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Rates of Interest

All interest rates are variable and can change without notice. The Rate of Interest on your loan will depend on:

  • Whether your loan is secured or unsecured
  • Amount applied for
  • Repayment period
 
Repayments

Repayments are debited automatically each month from your Bank of St Helena Business Account. You must ensure that the account has sufficient funds each month to cover your monthly repayment.

 

Eligibility
  • The applicant is currently operating, or plans to operate, a business on St Helena.
  • The Organisation is registered by the Companies Registrar of St Helena, where it’s legal form is that of a company.
  • The Organisation is a St. Helena-based voluntary organisation (e.g.clubs, societies and charities) whose legislation/ordinance allows it to borrow money from the Bank.
  • The Organisation is registered with the Commissioner of Income Tax.
  • The Organisation has a Business Current Account with Bank of St. Helena Ltd.

 

Contact Us

(+290) 22390

commerciallending@sainthelenabank.com

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