The Strategic Banking Corporation Ireland (SBCI) support schemes are available to micro, SMEs and small midcap enterprises that meet the following criteria:
fewer than 250 employees;
turnover of €50m or less (or €43m or less on their balance sheet);
independent or autonomous, i.e. not part of a wider group of enterprises;
less than 25% of capital held by public bodies;
established and operating in the Republic of Ireland; and
a viable business.
Covid-19 Working Capital Scheme
A €200m scheme for future working capital requirements or to fund the innovation, change or adaptation of businesses to mitigate the impact of COVID-19
Loans from €25,000 – €1.5m.
Loan term for 1 – 3 years.
Unsecured loans up to €500,000.
Maximum interest rate of 4%.
Optional interest-only payments may be available at initial stage of loan.
Applications and further information can be found on the SBCI website.
Future Growth Loan Scheme
Introduced in June 2019, available for long-term investment in machinery and equipment, research and development, business expansion, premises improvement, process innovation, and investment in people and/or systems.
Loans from €100,000 – €3m.
Loan term for 8 – 10 years.
Unsecured loans up to €500,000.
Initial maximum interest rate of 4.5% for loans less than €250,000; 3.5% for loans greater than this.
Optional interest-only payments may be available at initial stage of loan.
Applications and further information can be found on the SBCI website.