Repaid over a maximum of 5 years
Bank of St Helena values the ideas and vision of our young people and are available to assist our young entrepreneurs on St Helena up to the amount of £5,000.
To be eligible for finance, you must be:
For more details on what is required for a business loan/overdraft application please download the ‘Application Guide’ below.
Upon receiving an application and all documentation required, an in depth analysis is undertaken on the business proposal. This process is likely to take 2-3 weeks (10-15 working days) depending on:
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.
A successful applicant will be notified by telephone, email or letter.
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.
|Application Processing Fee||£10|
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