State-backed low interest rate loans for SMEs
State-backed low interest rate loans for working capital and investment purposes are available
for eligible SMEs and small mid-caps, that have been affected by COVID-19 and Brexit.
The COVID-19 Loan Scheme (CLS) is available to eligible businesses impacted
by the COVID-19 pandemic.
Scheme features include:
• Loans from €25,000 to €1.5m
• Loan terms of one to six years
• Reduced interest rates
• Loans up to €500,000 unsecured
The Brexit Impact Loan Scheme (BILS) is available to eligible businesses impacted
by Brexit.
Scheme features include:
• Loans from €25,000 to €1.5m
• Loan terms of one to six years
• Reduced interest rates
• Loans up to €500,000 unsecured
Loans can be used for:
• Working capital and investment
• 100% refinancing of existing Brexit Loan Scheme
loans or 30% refinancing of existing short-term credit,
for example, as arising due to Brexit impacts.
Below is a link to a flyer outlining the full details of both schemes:
https://www.chambers.ie/wp-content/uploads/2022/07/CLS-BILS-promotional-flyer.pdf
