Swift action by Conister ensures emergency business loans are now available

Swift action by Conister ensures emergency business loans are now available

Conister Bank Limited’s emergency coronavirus business loans are now available, following a rapid response to the crisis.

Last week, the independent bank announced it had set aside £10 million to provide loans to businesses negatively impacted by the coronavirus and the cancellation of this year’s TT races.

Conister Bank is offering an interest-only repayment period of 12 months for these loans, followed by a one to five-year settlement period reflecting the wishes of the business.  Also, the bank will half its charges on the settlement period of the loan.

Managing Director, Douglas Grant, said: ‘One of our greatest strengths as an independent bank is that we can act quickly to help the community in an evolving situation. With the crisis caused by the spread of the coronavirus, the cancellation of the TT and cessation of nearly all flights, we recognise this is an extraordinary situation. We at Conister Bank are determined to help in any way we can to assist the community-wide effort to see the Isle of Man through this challenging time.’

 He added: ‘Our staff have worked incredibly quickly to ensure these loans are available now when local businesses need them.’

To find out more about the loans, contact Conister on 694694 or apply online http://conistebank.co.im