COVID-19 Business Supports Hub

SBCI Future Growth Loan Scheme

The SBCI Future Growth Loan Scheme was introduced in June 2019 and is available for long-term investment in machinery and equipment, research and development, business expansion, premises improvement, process innovation, and investment in people and/or systems.

Support will be available to Micro, SMEs and Small MidCap Enterprises that meet the following criteria:

  • fewer than 250 employees;
  • turnover of €50m or less (or €43m or less on their balance sheet);
  • independent or autonomous i.e. not part of a wider group of enterprises;
  • less than 25% of their capital held by public bodies;
  • established and operating in the Republic of Ireland; and
  • a viable business.

Details of the available finance features are as follows:

  • Loans from €100,000 – €3m.
  • Loan term for 8 – 10 years.
  • Unsecured loans up to €500,000.
  • Initial max. interest rate of 4.5% for loans less than €250,000 and 3.5% for loans greater than this.
  • Optional interest-only payments may be available at initial stage of loan

Applications and details are available now on the SBCI website.

 

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