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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.

€5K-50K

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

Supports the set-up and early stage phase of a new business up to 18 months
Loans from €5,000 – €50,000
6.5% interest rate – lower rate of 5.5% if you apply via Local Enterprise Office
3 year max term
First 3 months – Interest Only payments
No fees/no hidden costs /fixed repayments
Free Mentoring – up to 5 sessions

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

Microfinance Ireland 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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