Covid-19 Working Capital Loan Scheme

Description

Working capital is a measure of the short-term liquidity of a business, finances and day-to-day running of a business. This includes cashflow for operational purposes.

Viable micro, small and medium sized enterprises (SMEs) and small mid-cap enterprises that meet the eligibility criteria.

SMEs are defined by the Standard EU definition [Commission Regulation 2003/361/EC] as enterprises that:

  • have fewer than 250 employees
  • have a turnover of €50 million or less (or €43 million or less on their balance sheet)
  • are independent and autonomous i.e. not part of a wider group of enterprises
  • have less than 25% of their capital held by public bodies
  • is established and operating in the Republic of Ireland

A small mid-cap is an enterprise that is not an SME but has fewer than 500 employees.

Business with up to 499 employees can apply for eligibility to the scheme.

Listing Details

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Delivery Radius:
Interest Rate: Maximum interest rate of 4%
Value: €25,000 to €1,500,000
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Term: 1 - 3 years
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