Cash Flow support for All SMEs

For an overview of all Government supports for COVID-19 impacted businesses visit https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/ Contact the DBEI Business Support Call Centre for information on government supports available to businesses and enterprises affected by Covid 19. Phone 01-6312002


SBCI

Loans from €25,000 to €1.5 million under the Working Capital Loan Scheme, operated by the Strategic Banking Corporation of Ireland (SBCI). Loans are available to viable micro, small and medium sized enterprises ("SMEs") and Small MidCap enterprises, who meet the eligibility criteria. A Small Mid-Cap is an enterprise that is not an SME but has fewer than 500 employees. The loans have a maximum interest rate of 4% and the first €500,000 borrowed can be unsecured. Applications can be made through the SBCI website.

Longer term loans from €100,000 to €3,000,000 for SMEs under the Future Growth Loan Scheme also operated through the SBCI. The loans have a maximum interest rate of 4.5% and the first €500,000 borrowed can be unsecured.


Department of Business, Enterprise and Innovation

A Credit Guarantee Scheme which supports loans up to €1 million for periods of up to 7 years. The purpose of this scheme is to encourage additional lending to SMEs by offering a partial Government guarantee (currently 80%) to banks against losses on qualifying loans to eligible SMEs. The Scheme is operated by the Department of Business, Enterprise and Innovation through AIB, Bank of Ireland and Ulster Bank.


Related Supports