Further Low Cost Covid-19 Loan Scheme to assist businesses to receover from pandemic
A helping hand for Irish Businesses with the announcement of a Further Low Cost Covid-19 Loan Scheme to Help Businesses by Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD. It is open to SMEs including farmers, fishers and food businesses.
COVID-19 Loan Scheme (‘CLS’) offers Low-cost loans between €25,000 and €1.5 million.
This further loan scheme is to help SMEs access low-cost finance, recognising that many of them are still getting back on their feet after what has been an incredibly challenging few years.
Loans under the scheme:
• Range from €25,000 to €1.5 million
• Are available for terms of one to six years
• Are available without security where the loan amount is less than €500,000
• Typically feature a lower interest rate than other comparable lending in the market