Cashflow Loan
Most businesses require a loan at some stage whether it is to fund the day to day running of the business or to ease cashflow. If you are a Sole Trader, a Partnership or a Limited Company from any sector and in operation for more than 18 months, you may be eligible to apply.
€5K-50K
There are no fees or hidden charges on Cashflow Loans from Microfinance Ireland. Fixed repayments gives you peace of mind and lets you focus on managing your business.
Product Features
- 6.5% interest rate – lower rate of 5.5% if you apply via Local Enterprise Office
- Loans from €5,000 – €50,000
- Supports cashflow and the day to day running of your business
- No fees/no hidden costs/fixed repayments
- For Established Business in operation for more than 18 months
- Free Mentoring – where deemed appropriate
- 3 year max term
- Note : Microfinance Ireland can only lend to businesses having difficulty obtaining loans from the banks or other funding providers and we may seek evidence that you have not been able to get funding elsewhere.
Application Documents
You will need to submit the following documents to apply for a Microfinance Ireland Loan:
6 Months Bank Statements
Personal and business, if business account open.
Credit Report – Central Credit Register
MFI will conduct a credit search directly with the Central Credit Register (CCR) for all applications in the name of Sole Traders, Partnerships and Limited Companies.
Important – For Limited Companies Only: Where an application is being made in the name of a limited company, all Directors and/or Shareholders with a 25% or more shareholding in the company must obtain a personal credit report which should be submitted with the application
