SBCI Ukrainian Credit Guarantee Scheme – Great news for SMEs affected by rising costs

If your business been hit by rising costs in the last year, the SBCI Ukrainian Credit Guarantee Scheme can soften the blow.

Over the past year, many businesses in Ireland have been impacted by increased energy costs and inflation, due to the conflict in Ukraine. While we fervently hope the conflict will end soon, in the meantime there’s good news for businesses – the SBCI’s Ukrainian Credit Guarantee Scheme.

This low-cost loan is designed to help businesses which experienced an increase in costs of over 10% on 2020, due to the conflict. The great news is that borrowers will be able to access loans of up to €250K without having to provide personal guarantees or collateral.

Under the SBCs Ukrainian Credit Guarantee Scheme, businesses can access loans from €10,000 up to €1 million, on favourable terms, for up to 6 years with low interest rates. The scheme is aimed at SME businesses, farmers, fishers and small mid-caps – and with our experience, we can help you secure this competitive loan,  for your business, quickly and with minimum fuss.

This valuable SBCI support can help your business with working capital and/or investment needs in the short to medium term.

The scheme will facilitate loans for working capital, overdrafts, term loans and medium-term investment, and is available up to the end of December 2024 or when the fund runs out.

So if your business costs have increased due to the Ukraine conflict, and you’re looking for a financial boost to help navigate these challenging times, we can help you with your SBCI loan application, and ensure your business gets the right funding, quickly and with minimum hassle providing you with much needed working capital.

If you think your business could benefit from the Ukrainian Credit Guarantee Scheme,  or if you would like more information or want to have a confidential chat about your business funding needs,  please contact Lucinda Clancy at 01 438 6462 or email lucinda@clancybusiness.com