Koko Rooms

With a strong tourism market for those looking to explore both the City and the Highlands, Steven and Romaine Rutherford, who recently moved to the area, decided to purchase the property which had previously been used as a B&B, to start their new venture of running their very own accommodation business.

Seeking funding to support their refurbishment plans for the property, the joint Partners turned to Business Loans Scotland (BLS) and after submitting their application online, successfully received a £70,000 loan as part of a wider funding package.

Led by a consortium of Scotland's local authorities, BLS can offer loans from £25,000 up to £250,000 to new and established businesses throughout Scotland. By giving businesses access to an invaluable new source of funding, these loans may be used flexibly for several purposes, including but not limited to, working capital, the purchase of plant or equipment, investing in business property and expanding into new markets.

Fully funded by the Scottish Government, BLS aims to give businesses access to funding that will support their growth and expansion plans. Whilst securing finance can be a major hurdle, particularly for small and medium sized businesses, this Fund will give businesses the opportunity to secure the finance required to realise their ambitions.