Microfinance Ireland Covid-19 business loans

MicroFinance Ireland has initiated business loans for micro-enterprises (turnover up to €2m and fewer than 10 full-time employees) who have been impacted by COVID-19 resulting in a reduction of 15% or more in actual or projected turnover/profit.

Loan features include:

  • Loans from €5,000 - €50,000;

  • Loan terms typically up to 3 years;

  • First 6 months - 0% and zero repayments;

  • Reduced interest rate 4.5% APR for LEO (Local Enterprise Office) applications and 5.5% APR for direct applications.

Businesses can apply through their Local Enterprise Office or directly on the MicroFinance Ireland website.

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