State-backed low interest rate loans
The Department of Enterprise, Trade and Employment and the Department of Agriculture Food and the Marine have recently launched a new loan scheme, the “Brexit Impact Loan Scheme” targeted to SMEs (including farmers and fishers) and small mid-caps that have been impacted by Brexit.
Brexit Impact Loan Scheme
The Brexit Impact Loan Scheme (BILS) is available to eligible businesses impacted by Brexit.
- Loans from €25,000 to €1.5m
- Loan terms of one to six years
- Reduced interest rates
- Loans up to €500,000 unsecured
- Loans can be used for 100% refinancing of existing Brexit Loan Scheme loans or refinancing of existing short-term credit, up to a maximum of 30% of the new loan.
For eligibility criteria and the application process, view the full brochure here or visit sbci.gov.ie