Building Your Business
Unsecured business loans available up to 25k from MFI

26 November 2014

Under a partnership between Microfinance Ireland and the Local Enterprise Offices, Business Loans are now available through theLOCAL ENTERPRISE OFFICE (LEO) nationally. https://www.localenterprise.ie/

 

By applying through the Local Enterprise Office you will get:

 

·        Unsecured loans from €2,000 up to €25,000

·        Term from 3 to 5 years

·        Reduced Interest Rate 7.5% (7.8% APR) for LEO clients

·        Flexibility on repayment terms

 

The loans are provided and underwritten by Microfinance Ireland and the final decision for all loan applications is made by Microfinance Ireland.  Application made through the LEO offices will, in the first instance, be assessed locally by LEO business advisors. Loans are repayable to Microfinance Ireland according to the terms and conditions set out by Microfinance Ireland.

The Microenterprise Loan Fund is targeted at start-up or growing microenterprises across all industry sectors. We work with businesses based in the Republic of Ireland, with less than 10 employees and a turnover of less than €2m.

They help by providing unsecured business loans of €2,000 to €25,000 for commercially viable proposals that have been declined bank credit.

  • Cavan
  • Louth
  • Meath
  • Monaghon