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Firms finding it difficult to access credit - Linked

Peer-to-peer lender Linked Finance almost doubled the value of loans it issued in 2021 compared to the previous year.

Unsecured loans of up to €250,000, at reduced interest rates are available to SMEs

Covid Credit Guarantee Scheme extended until June

The Covid-19 Credit Guarantee Scheme for small and medium businesses has been extended the end of June, the Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said today.

Business • 17 Jan 22

Over 5,000 businesses have applied for the Credit Guarantee Scheme so far

Govt confirms extension of €2bn Credit Guarantee Scheme

The Government has confirmed that it will extend the €2 billion Credit Guarantee Scheme, with the scheme remaining open for applications until the end of the year.

Business • 26 Mar 21

The Credit Guarantee Scheme was brought in by the Government to provide low cost loans to businesses from €10,000 to €1m

Capitalflow allocated €31m in CGS funding

Specialist business lender Capitalflow has been allocated an initial €31m in Credit Guarantee Scheme funding for SMEs that have been impacted by Covid-19.

Business • 27 Jan 21

Joe O'Toole, Chair of the Metamo Credit Union Group; Anne King, Board Member of Metamo and Denis McCarthy, Fexco CEO

Metamo Credit Unions join Covid Credit Guarantee Scheme

Seven of the country's largest credit unions, all members of Metamo, have become the first credit unions to offer loans to SMEs under the Government's Covid-19 Credit Guarantee Scheme (CCGS).

Business • 15 Jan 21

The Covid-19 Credit Guarantee Scheme (CGS) will now stay open for new applications until the end of June

Credit Guarantee Scheme for businesses to be extended

The Government has decided to extend two measures which were brought in to help businesses during the Covid-19 pandemic.

Business • 24 Nov 20

The SME Credit Demand Survey covers over 1,500 respondents through in-depth discussions

60% of SMEs have availed of Temporary Wage Scheme

The latest SME Credit Demand Survey shows that turnover across the SME sector was significantly lower in the months from March to October than at any other stage in the survey's history.

Business • 20 Nov 20

State supported lending is mainly intended to address credit market failures and to achieve financial and economic additionality

State faces exposure of €125m for state-supported loans

The State faces a potential exposure of over €125m under current state-supported loans totalling over €0.5 billion, according to a review published by the Department of Public Expenditure and Reform.

Business • 05 Nov 20

The BPFI guide provides answers to questions likely to arise for any interested business

BPFI publish guide to Credit Guarantee Scheme

Banking and Payments Federation Ireland has published a guide to the Government Covid-19 Credit Guarantee Scheme, to coincide with the full opening and availability of the scheme by the three main banks.

Business • 15 Sep 20

Minister Michael McGrath speaking at the launch of the Credit Guarantee Scheme at Burke Joinery in Dublin

SME loan scheme opens to assist with impact of Covid-19

Irish businesses will be able to apply to participating banks for loans covered by the Government's €2bn credit guarantee scheme from today.

Business • 07 Sep 20

The aim is to provide liquidity to companies with fewer than 500 employees who have seen their actual or projected turnover or profit fall at least 15% due to Covid-19 crisis

Proposals for credit guarantee scheme for businesses

The Government has given the go-ahead for the publication of proposed legislation that will, if enacted, establish the new credit guarantee scheme to help businesses impacted by the Covid-19 crisis.

Business • 14 Jul 20