Microfinance Ireland (MFI) is a Government initiative to provide funding to both start-up and existing micro-enterprises that are having difficulty accessing credit through traditional lending channels.
Businesses that have less than 10 employees and turnover of less than €2million annually are eligible to apply for loan
Have you been refused credit by the banks for loans of up to €250,000?
The Minister for Jobs, Enterprise and Innovation this week announced that the Microfinance Scheme will be open for business from Monday 1st October.
Applications for businesses and sole traders across all sectors employing up to ten people who have been refused credit by the banks for loans of up to €250,000 will be accepted and processed. Criteria, guides and application forms can be found at County and City Enterprise Boards and at www.enterpriseboards.ie
Contact us at Noone Casey for advice on the Microfinance Scheme and how it can benefit you.
On a single page, The Sunday Business Post manages to answer the question posed in its own headline: Has cash lost its lustre? The answer is clear – NO!