Expansion Loan

Most successful businesses require a loan at some stage to fund plans to grow and expand their business. 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 expansion 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 the long term plans 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
5 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.
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Application Documents

You will need to submit the following documents to apply for a Microfinance Ireland Loan:

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Loan Application Form

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Cashflow Forecast Template

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6 Months Bank Statements

Personal and business, if business account open.

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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

Credit Report – Limited Companies Only

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