Tourism Accommodation
Interest Rates

Secured – 5%

A Tourism Accommodation Business Loan provides funding to allow clients to purchase, construct or renovate a building for the provision of tourism accommodation with a minimum of eight bedrooms.

The terms and conditions of this loan facility require all applicants to operate the new construction or renovated premises as tourist accommodation for the duration of the loan.  The same property must be used as collateral, along with any additional assets the Bank may require.

Application Criteria
  • A fully completed business loan application form and a signed account transfer form to cover the application fee of £20.
  • A Business Plan, covering a minimum period of three years.
  • A Cash Flow forecast, projected for a minimum of three years.
  • Balance Sheet projected for three year period.
  • Trading, Profit and Loss or Income and Expenditure Account projected for the same period.
  • For existing businesses, a copy of your most recent Year End Accounts inclusive of a Balance Sheet.

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

Application process

Upon receiving an application and all documentation required, an in depth analysis is undertaken on the business proposal. This process is likely to take 4-6 weeks (20-30 working days) depending on:

  • The value of the application
  • The details and accuracy of the information provided
  • The security offered
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 fees. 

Up to £1,000

£1,001 to £5,000

£5,001 to £30,000

£30,001 to £100,000

£100,001 to £200,000

Over £200,000




£0.185% of Loan Amount

£0.3% of Loan Amount

£0.5% of Loan Amount

Relevant Terms and Conditions, Forms, Guides and Brochures

Terms and Conditions

How your Loan Works

Application Guide

Understanding Overdrafts

Cash Flow Forecast

Loan Calculator

Sole Trader or Partnership Application Form

Companies and other Registered Organisations Application Form

Contact Us

(+290) 22390