News

Library of Knowledge No. 2

The Strategic Banking Corporation of Ireland (SBCI) are managing EU supported funding for SME’s & Farmers. These funds are largely unsecured and interest rates are low, between 3.5% and 4.5%.

There are 3 schemes, each of which has separate criteria:

• Future Growth Loan Scheme
• Brexit Loan Scheme
• SME Credit Guarantee
  Unsecured up to €500,000

Applications are initially submitted via SBCI.

Once approved contact your selected bank for progression. BOI, AIB, KBC, and Ulster Bank are the banks linked to these schemes.

Note: BOI and AIB have seen huge demand and availability is now quite limited.

However, Ulster Bank (SME’s and Farmers) and KBC (SME’s only) have availability.

See Link https://sbci.gov.ie/