This loan scheme provides finance towards the expansion, modifications or improvements to existing business premises and/or business working capital. Eligible sectors include manufacturing, tradeable services and tourism initiatives.

Application requirements & eligibility

Completed application form

Business plan (applicable to loans in excess of €20,000)

Trading accounts in the case of existing businesses – certified or management

Detailed Cashflow projections for 3 years ( for loans in excess of €20,000)

ICB rating

Eligibility

All sectors eligible with the following exceptions:

• Projects which do not present a good case for commercial viability;
• Retailing which does not provide added value;
• Professional Services;
• Personal Loans;
• Where potential displacement is evident.

Interest Rate

5% to apply on all Revolving Loans

Loan Terms

• Loan value <  €5,000                 Maximum term of 3 years
• Loan value ≤  €20,000                Maximum term of 5 years
• Loan value >  €20,000                Maximum term of 8 years
• Loan value >  €50,000                Maximum term of 10 years

Security Requirements

·         Loans ≤  €10,000                       Security may not be required*

·         Loans  > €10,000                       Tangible security required.

·         *At discretion of Assessment Committee & Board – applications to be considered on their individual merit.

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