SCBI Covid 19 Working Capital Loan Scheme

Updated 29th March 20 @ 15.3

This loan is available via AIB, Bank of Ireland and Ulster Bank.

Loan Features
Amounts €25,000 to €1.5m
Max Interest Rate 4%
Loan Term 1 year to 3 years
Unsecured loan up to €500,000
Optional Interest only repayments at the start of loans

What can the loan be used for
Future working capital requirements
To fund innovation, change or adaptation of the business to mitigate the impact of Covid-19.

Covid-19 Criterion
The business is impacted by the Covid-19 virus resulting in business turnover/profitability being negatively impacted by a minimum of 15%

The steps to apply
Apply online via the below website, obtain an eligibilty letter from SCBI and then apply direclty with the bank, as the banks are responsible for

Here at Royal Canal FCS, we have applied for similar SCBI schemes are familar with the process, if you feel you are entitled to the above please contact Joe or Ronan and we can discuss further with you.

https://sbci.gov.ie/schemes/covid-19-loan-application

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