Business Loans Packages | Loan Packages From Microfinance Ireland

Our Loan Packages

Business Loans from €5,000 to €25,000
Interest rate will be a reduced interest rate of 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% APR if you apply directly
Loan Terms from 6 months to 3 years (shorter terms depending on purpose)
No fees or charges
Fixed repayments with no penalty for early repayment

Business Loans from €5,000 to €25,000
First 6 months – 0% interest and zero repayments
Repayments will commence in month 7 for the remaining period of your loan.
Government rebate for the interest paid in the following 6 months (months 7-12 of your loan)
Interest rate after the first 6 months will be: a reduced interest rate of 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% APR if you apply directly
Loan terms typically up to 3 years
No fees or charges
Fixed repayments with no penalty for early repayment

Supports the set-up and early stage phase of a new business up to 18 months
Loans from €5,000 – €25,000
Interest rate will be 6.8% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 7.8% APR if you apply directly
3 year max term
First 3 months – Interest Only payments
No fees/no hidden costs /fixed repayments
Free Mentoring – up to 5 sessions

Established Business > 18 months
Loans from €5,000 – €25,000
Interest rate will be 6.8% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 7.8% APR if you apply directly
Supports cash flow and day to day running of business
No fees/no hidden costs/fixed repayments
Free Mentoring – where deemed appropriate
Loan terms up to 3 years

Established businesses
Loans from €5,000 – €25,000
Interest rate will be 6.8% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 7.8% APR if you apply directly
Capital expenditure re business development /expansion
Longer terms – up to 5 years
No fees/no hidden costs/fixed repayments
Free Mentoring – where deemed appropriate

For both Start Up & Established Businesses with low funding requirements
Loans €2,000 – €5,000 and up to 3 years max term
Interest rate will be 6.8% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 7.8% APR if you apply directly
Simpler paperwork
Quicker credit decision -72 hours
No fees/no hidden costs/ fixed repayments
Credit decision is final – no right to appeal