Cambridge & Counties Bank has provided £600,000 in funding to Loch Lomond Castle Lodges (Holdings) Ltd for the construction of 11 new self-catering garden lodges at its loch-side site.
The bank was supported by David Grant at Axis Commercial, the Colliers valuation team and legal firms Addleshaw Goddard and Harper MacLeod.
The deal completed within three months of approval.
The £600,000 funding follows a £2.1m refinancing package with Cambridge & Counties Bank in April this year.
James Carr, director, Loch Lomond Castle Lodges (Holdings) Ltd, said: “We have benefitted from excellent demand and firmly believe now is the time to invest for growth and expand the site by adding 11 new self-catering garden lodges.
“Cambridge & Counties Bank has been a strong financial partner for the past six months and it is natural for us to work together again as we realise this exciting next step.”
Barry Rodger, senior relationship manager, Cambridge & Counties Bank, said: “We are proud to be supporting an ambitious local business with a very attractive market position and a strong tailwind for further growth.
“The tourism industry in Loch Lomond is thriving and it is clear that Loch Lomond Castle Lodges is well placed to capitalise.”
