Our Loan Packages

 

Start Up Loan

  • 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 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% 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

Cashflow Loan

  • Established Business > 18 months
  • Loans from €5,000 – €25,000
  • Interest rate will be 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% 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

COVID-19 Business Loan

  • 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.
  • 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

Expansion Loan

  • Established businesses
  • Loans from €5,000 – €25,000
  • Interest rate will be 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% 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

Electric Small Public Service Vehicle Loan

  • 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 may be up to 5 years.
  • No fees or charges
  • Fixed repayments with no penalty for early repayment

Brexit Business Loan

  • 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

Small Loan

  • 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 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% APR if you apply directly
  • Simpler paperwork
  • No fees/no hidden costs/ fixed repayments
  • Credit decision is final – no right to appeal