Commercial loans from the council

How to apply?

We can provide commercial finance to new and growing businesses in the Shetland Islands. The purpose of this Council service is to ensure that good, commercially viable proposals do not fail from a lack of access to finance.

We aim to encourage and support the creation, development and growth of businesses within the local authority area. Loan applications will be assessed against key eligibility criteria and proposals must demonstrate that they will contribute to, and strengthen, the local economy in terms of jobs, growth and other benefits.

Potential applicants should make contact with the Economic Development Service to discuss the development project and the eligibility of the project for a loan application. At this point, the EDS will identify if an applicant requires any other business support including the services offered by Business Gateway.