| At last count there were 32 Covid-19 different supports available to business. Here is a summary of the loan products with a link to the more detailed terms and conditions for each one. COVID-19 Credit Guarantee Scheme
Strategic Banking Corporation of Ireland fund the scheme, but it is applied for through the banks, credit unions and finance companies. 80% Government guaranteed. COVID-19 Business Loans
- Limits: €5K to €25k
- Term: typically, 3 years, but up to 5 years
- Provided by: Micro finance Ireland
Micro businesses only and the business will need to have been turned down by a mainstream lender. Apply through your local LEO . SBCI COVID-19 Working Capital Scheme
- Limits: €25k to €1.5m
- Term: up to 3 years
- Provided by: Strategic Banking Corporation of Ireland
SME only and certain sectors are excluded. Business needs to meet certain “innovation” criteria. For loans of up to €500,000 no security is required. Future Growth Loan Scheme
- Limits: €25k to €3m
- Term: 7 to 10 years
- Provided by: Strategic Banking Corporation of Ireland through participating lenders
Apply initially to SBCI and the scheme is nearing full capacity. Sustaining Enterprise Fund
- Limits: €100k to €800k (with up to €200k in grants also available)
- Term: 5 years
- Provided by: Enterprise Ireland
Open to manufacturing or internationally traded services companies that employ more than 10 people. Pandemic Stabilisation and Recovery Fund
- Limits: Total fund is €2bn and lending is on a commercial basis
- Term: commercial terms
- Provided by: Ireland Strategic Investment Fund
This fund is for large and medium enterprises employing more than 250 employees or with annual turnover of more than €50 million. Lending will be on a commercial risk adjusted basis. |
