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.
6 Months Bank Statements
Personal and business, if business account open.
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