SBCI Covid-19 Working Capital Loan Scheme
The SBCI Covid-19 Working Capital Loan Scheme allows small to medium size business to get access to funding to re start their business after the closure.
As per announcement, the scheme will operate from 26th March 2020 until 31st March 2021.
- It offers loan from 25,000 and can go upto a maximum of €1,500,000 per business (Subject to certain criteria)
- Offers the low interest rate of 4% fixed
- Duration of Loan may range from 12Month to Maximum of 3 Years.
- No charges will apply if repaid early
You must provide a separate business plan when applying for a loan under the SBCI Covid-19 Working Capital Loan Scheme. The requirement for a business plan under the scheme is to assist you in reviewing your business and to plan for Covid-19 and future business strategies.