Title of the document Online Banking Log-In


Discount Charge – 3% on amounts drawn
Short-Term Contract Finance provides you with access to working capital funds needed to complete your contractual agreement. If you have successfully been awarded a contract on St Helena but will not receive any funds until the contract is completed, you can apply for Short-Term Contract Finance to cover your immediate expenses. The maximum term is 4 months and the benefits are:
  • Faster approval time as a business plan or cashflow forecasts is not required
  • No asset-based guarantees are required as the contract will be the collateral
  • Discount charge is only applied to the funds drawn
  • You will be in control of the repayments and can re-use the funds as much as you like for the duration of the facility


Application Criteria
  • A fully completed business loan application form and a payment of the Application Processing Fee.
  • A cover letter detailing type/purpose of business and the reasons for applying for the facility.
  • A full copy of the contract you wish to borrow against (must include payment terms and completion and payment dates).

For more details on what is required for a business loan/overdraft/contract finance application, please download the ‘Application Guide’ and Terms and Conditions below. 


Application Process

This process is likely to take 2-3 days depending on the details and completeness of the information provided.

Unsuccessful Applicants

A loan application may be declined for a variety of reasons. The Bank reserves the right to refuse or approve loans at its sole discretion, without the requirement to provide a reason for doing so.

Successful Applicants

A successful applicant will be notified by telephone, email or letter. 


Administration Fees

If your application is successful, you are required to pay an administration fee to the Bank for work carried out on your application. See the table below for the relevant admin and cancellation fees. 

Up to £5,000Application Fee£20
Administration Fee0.5% of amount borrowed
Cancellation Fee£20
£5,001 - £30,000Application Fee £25
Administration Fee0.5% of amount borrowed
Cancellation Fee£25
£30,001 - £75,000Application Fee£25
Administration Fee0.5% of amount borrowed
Cancellation Fee£25
£75,001 - £150,000Application Fee£30
Administration Fee0.5% of amount borrowed
Cancellation Fee£30
Over £150,000Application Fee£35
Administration Fee0.5% of amount borrowed
Cancellation Fee£35
Relevant Terms and Conditions, Forms and Guides

Terms and Conditions

Application Guide

Sole Trader or Partnership Application Form

Companies and other Registered Organisations Application Form

Contact Us

(+290) 22390