Access to Borrowing

If you need simple working capital to run your business, there are various reduced loans available. There are two that do not require personal guarantees to my knowledge – MicroFinance Ireland (Loans €2,000 – €25,000) and SCBI (Loans from €25,000 – €1.5m).

However in the case of SCBI, up to €500,000 may be unsecured. The rate of success in SCBI drawdown to date has been very low <10%.

Please take advice before you borrow money – do not throw good money after bad, and remember, it will have to be repaid someday.

 

Corona virus business card contact information

 

Date Posted: 14 May 2020