Our Application Process

Whether you’re just starting out, need finance to manage your business, or you are scaling your business up. Microfinance Ireland may be able to give you the financial support you need. The process is straight forward and is explained in detail in our Application Guidelines.

We provide unsecured business loans to small businesses based in the Republic of Ireland. Your company has to have less than 10 employees and a turnover of less than €2m (micro-enterprises) and unable to secure finance from Banks or other commercial lending providers.

All applicants must be in a position to obtain a Tax Clearance Certificate in order to draw down a loan. 

Our team are on hand to provide help to applicants when applying for a loan Contact Us

The 4 steps below show you what is needed to be successful when applying for a loan with Microfinance Ireland.

Step 1: Choose the loan package that suits your business

We have 4 Loan Packages available for your business:

Visit our Loan Packages page to see which one best suits your business needs. Click here to see what documents you need to include with your loan application.


Step 2: Prepare & submit your application

Once you know which of our 4 Loan Packages is right for your business and have completed all of the relevant documents, you can then submit your application. We have Partners who can help you with your application or you can submit the application yourself.

There are 4 ways to get your application to us:

  1. E-mail the application to us at applications@microfinanceireland.ie (PDF versions preferred)
  2. Post the application to us at:
    13 Richview Office Park, Clonskeagh Road, Dublin 14. D14 Y867
  3. Work with a Local Enterprise Office. You can get a 1% reduction in the interest rate when you submit your application through them.
  4. Work with a Local Development Company. You can also get a 1% reduction in the interest rate when you submit your application through them.
Step 3: We will assess your application
Once we receive your completed application we will assign it to a Credit Assessor. They will discuss your application in detail with you and get a good understanding of the business. We aim to give you a credit decision as quickly as possible following receipt of your application and all supporting documents.
Step 4: We will make a credit decision

We are here to help and support businesses who are having difficulty in accessing finance from elsewhere.  Therefore we will do everything we can to support you in your application for finance.

Once we have made a credit decision we will contact you to let you know if your application has been successful.

In the event that we cannot approve your application, we will advise you of the reasons for the decline decision and identify the areas that need to be addressed within your business.

Sometimes a ‘No’ is a much better decision for the business than a ‘Yes’ at a particular stage but we will always explain the rationale behind our decision.

If you are dissatisfied with the credit decision, you do have the right to appeal through Microfinance Ireland’s internal credit appeals procedure for loan applications over €5,000. You should submit your appeal in writing directly to us setting out the basis for the appeal.

The Credit Assessor who was involved in the original decision will not be involved in the appeals decision. A written response will be issued within 15 business days of receipt of the written appeal.

Step 5: We will draw down your loan

Once you receive loan approval, you will need to provide additional information in order to draw down the loan.  Depending on whether your business is set up as a Sole Trader, Partnership or a Limited Company, the requirements may be slightly different so check out the relevant checklist below.

The list of documents can be found here.

Drawdown of the loan cannot take place until all of these have been received by the Microfinance Ireland office.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.