SBCI Loans – low cost funding to help your business
Many Irish business owners are enjoying the benefits of flexible, low-cost SBCI loans to support their business growth plans.
What is a SBCI Loan?
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?
There are a variety of SBCI loans and funding schemes that are available to Irish businesses. New SBCI loan schemes are launched on a regular basis, designed to address economic factors that may impact Irish SMEs.
Among the SBCI loans that can be currently accessed by businesses include:
The Ukrainian Guarantee Credit Scheme
This low-cost SBCI loan with favourable terms and pre-eligibility will provide access to valuable liquidity for SME businesses farmers and fishers.
The scheme will allow businesses which have experienced an increase in costs of over 10% on 2020 due to the impact of the Ukrainian conflict to access to these funds.
- Loans from €10,000 to up €1 million
- Loans up to €250K unsecured
- Term up to 6 years
- Competitive Interest rates
- Suitable for Investment and working capital
The scheme is available until 31 December 2024 or until it is fully subscribed.
SBCI Energy Efficiency Loan Scheme (EELS)
This is a 10-year loan guarantee scheme focused on improving businesses’ sustainability and increasing investments in energy efficiency measures, including heat pumps, solar panels, LED lightning and other energy-saving technology.
- Loans from €10,000 to up €150K
- Loans unsecured
- Term up to 10 years
- Competitive Interest rates
- Suitable for Investment in energy efficiency technology
The scheme is available until 31 December 2023 or until it is fully subscribed.
SBCI 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
Currently fully subscribed and expected to relaunch in near future.
Talk to the Experts
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.
For more information or if you would like a confidential chat, please call us on 01 438 6462 or email [email protected] or request a callback.
Our success stories
€500K Unsecured SBCI Growth Loan Funds Expansion Plans
A specialist steel supplier based in Cork wanted to fit out a new showroom for customers and upgrade its workshop with specialist machinery. Clancy Business Finance arranged a €500K unsecured SBCI Future Growth Loan over 10 years, providing long-term investment finance for both projects. The funding enabled the company to improve its customer facilities, invest in its operations and support its plans for future growth.
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€480K Unsecured SBCI Loan Secures Business Premises
Clancy got us an amazing deal - and made the process so quick and easy
An established Irish HVAC business based in Wexford had the opportunity to purchase the premises it operated from, securing an important asset for the future. We arranged an unsecured €480K SBCI Future Growth Loan over 10 years, providing the funding required to complete the purchase while maintaining manageable repayments and allowing the business to continue with its long-term investment and expansion plans.
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Working with Clancy was great – the application process was hassle free. This loan will really bring our business to a whole new level.