Exclusions
Here at Microfinance Ireland we are committed to responsible lending practices. This section provides important information about the types of businesses we are unable to support.
Restricted Sectors & Business Activities
There are a number of restricted sectors and/or Business Activities that we cannot support and these include:
- Any activity which is illegal under the laws of Ireland or international law
- The production of and trade in tobacco and distilled alcoholic beverages and related products
- The production of and trade in weapons and ammunition
- Casinos and equivalent gambling enterprises including internet gambling, online casinos etc.
- Sex trade and related infrastructure, services and media
- Activities which limit individual rights and freedoms or that violate human rights
- IT Sector Restrictions including R&D and applications supporting activities in restricted sectors
- Life Science Sector Restrictions including human cloning and Genetically Modified Organisms
- Activities involving live animals for experimental and scientific purposes
- Financial activities such as, inter alia, purchasing or trading in financial instruments
- Fossil fuel-based energy production and related activities including mining and exploration
- Energy-intensive and/or high CO2-emitting industries and sectors
- Investments in facilities for the disposal of waste in landfill
- Investments in mechanical biological treatment (MBT) plants
- Investments in incinerators for the treatment of waste
- Medical Cannabis and CBD oil related businesses
- Property speculation / Real estate/ Construction development related activities, such as an activity with a sole purpose of renovating and re-leasing (renting out) or re-selling existing buildings (either residential or business), as well as building new projects (either residential or business). This restriction also applies to any funding relating to “Buy to Let” properties.
- Applications to fund the purchase of road freight transport vehicles by persons or companies performing road freight transport for hire or reward.
- MFI loan funds cannot be used to repay existing bank debt or historic Revenue debt.
- MFI is not permitted to provide any financial incentives for the installation of stand-alone boilers powered by fossil fuels. This encompasses the purchase, assembly and putting into operation a stand-alone boiler.
If you are uncertain as to whether your business falls within the restrictions outlined above please contact us by email at info@microfinanceireland.ie or by phone at 01 260 1007
- Get our Information Pack
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To get started, download our information pack where you will get an overview of the loan application process.
- Join a webinar
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We run monthly webinars to help you through the application process. Pick a date and time that suits you, sign up, and we will email you with the details.
- Apply for a Loan here
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Register your details with us and we will email you the Application Guidelines together with the documents for your business loan application.