Starting Your Own Business

Here at Microfinance Ireland, helping businesses succeed and creating jobs is at the heart of what we do.

Valuable Information for Start-ups

As well as providing small business loans, we can provide you with valuable information to give you the best chance of success when starting and growing your business.

 

The following articles provide information which can be helpful when starting a business.

Business Strategy Business Funding Hiring Staff and Pricing Strategy The Business Plan Cashflow Forecast Guide Starting your own business Choosing the right business type Thinking of starting a business Managing Your Financial Commitments
Startup Loan
Young entrepreneur starting up her own business

FAQs about Starting Your Own Business

Yes. Microfinance Ireland supports start-ups with no previous trading history. You will need to provide a fully completed application form, cashflow forecast, and some personal financial information to support your application. View our start-up loan here. 

Start-ups can apply for business loans of €2,000 to €50,000. The amount approved will depend on your business plan, your ability to repay, and the viability of your business idea.

You can apply directly to Microfinance Ireland. However, if you apply through your LEO, you’ll receive extra support with your application and benefit from a lower interest rate (5.5% APR vs. 6.5% APR).

Once you submit a fully complete application with all required documents, you’ll receive a credit decision within 10 business days.