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Government Announce COVID-19 Loan Scheme to Help Businesses

The government have announced a further loan scheme to help SMEs access low-cost finance, recognising that many of them are still getting back on their feet after what has been an incredibly challenging few years. The low-cost loans between €25,000 and €1.5 million are available to SMEs including farmers, fishers, and food businesses.

The Covid-19 Loan Scheme ("CLS") is a state-backed loan scheme, offering SMEs, including farmers, fishers, food businesses and small mid-caps, with terms of one to six years and unsecured up to €500,000.

Finance provided is competitively priced and some refinance can be availed of to help with any existing short-term credit a business may have.

For more information on the Covid-19 Loan Scheme, please click here.