COVID-19 Business Supports Hub

SBCI Working Capital Scheme

A €200m SBCI COVID-19 Working Capital Scheme is available for future working capital requirements or to fund the innovation, change or adaptation of the business to mitigate the impact of COVID-19.

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 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 €25,000 – €1.5m.
  • Loan term for 1 – 3 years.
  • Unsecured loans up to €500,000.
  • Maximum interest rate of 4%.
  • 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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