SBCI Loans Flexible, low-cost, unsecured loan schemes to support business growth.
Many Irish business owners are enjoying the benefits of flexible, low-cost SBCI loans to support their business growth plans.
These SBCI loans are available on an unsecured basis (up to €500K) or with a reduced security requirement compared to traditional loans.
The loans, backed by the Irish Government, and delivered through the Banks, are funded by the Strategic Banking Corporation of Ireland (SBCI) and are available for Irish SMEs and primary producers (agriculture/fishing).
These loans are designed to meet the funding needs of SMEs, providing access to competitive medium-term finance and enabling companies to fund working capital, expansion and investment.
Which SCBI loans suits my business?
Future Growth Loan – this loan is designed to fund business growth and expansion and can be used for a wide range of purposes including investment in :
- plant & people,
- property & upgrades
- IT & technology
- systems & processes
- R&D, innovation
Covid-19 Credit Guarantee Scheme – this loan can help with the funding needs of businesses that are negatively impacted by Covid-19, and it can be used for the following purposes:
- Working capital and liquidity
- Investment in plant/business innovation
- Refinancing Covid-19 related debt
Brexit Impact Loan Scheme – this scheme is designed to address the impact of Covid-19, initially on those businesses that have been also impacted by Brexit. It can be used for a variety of purposes:
- Working capital and investment needs
- Refinancing of existing SBCI Brexit facilities
- Refinancing other lending (up to 30% of new loan amount)
Whether your business has been impacted by Covid-19 or Brexit, or you are simply looking to drive on with your investment and expansion plans, it’s worth checking out these SBCI low-cost funding options.
What’s the next step?
If you’re interested in applying for an SBCI loan, we can help you. We have a successful track record in arranging SBCI funding for SMEs for a wide variety of purposes such as property purchase, working capital, R&D and capex purchases, to mention a few.
We have in-depth knowledge of SBCI loans and the lending application process, and we know exactly what lenders are looking for, so we can structure the funding applications to ensure a successful outcome. With our key Bank contacts, we can expedite your funding application and help you secure fast loan approval, so you can get on with driving your business forward.