Start-Up Loan

If you are setting up a business or are in operation for less than 18 months, our start up loan is available to help you get your business up and running. If you are a Sole Trader, setting up a Partnership or a Limited Company from any business sector, you are eligible to apply.

There are no fees or hidden charges on start up loans from Microfinance Ireland. Fixed repayments gives you peace of mind and lets you plan your finance commitments during the important early stage of your business.

Product Features

  • 6.5% APR- Lower rate of 5.5% APR if you apply via Local Enterprise Office
  • Loans from €5,000 – €25,000
  • Supports the set-up and early stage phase of a new business up to 18 months
  • 3 year max term
  • First 3 months – Interest Only payments
  • No fees/no hidden costs /fixed repayments
  • Free Mentoring – up to 5 sessions


Once your Start-Up loan is approved, we can also provide you with invaluable mentoring support from an experienced business mentor on the Local Enterprise Office (LEO) Mentor Panel. Mentoring is a vital extra support tool to help your business, particularly in the early stages.

Application Documents

You will need to complete and/or submit the following documents to apply for this Microfinance Ireland Loan:


Loan Application Form


*Please save the application form to your desktop or downloads before completing the form. Otherwise you may lose information entered on the application form.

Cashflow Forecast Template


6 Months Bank Statements

Both personal and business, if available.

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