The Irish Banking Culture Board are hosting a Government Credit Guarantee webinar on Wednesday morning from 9.30 – 10.15 am, AIB, BOI & Ulster Bank will be represented along with a member from the SBCI.
The Scheme is targeted towards companies who are unable to access credit because of three distinct barriers to lending;
- Inadequate collateral
- Novel business market, sector or technology which is perceived by lenders as higher risk under current credit risk evaluation practices
- Need for refinancing caused by the exit of an SMEs lender from the Irish market
Key features of the scheme
- Facilities of €10,000 up to €1m
- Terms of up to 7 years
- Term Loans, Demand Loans and Performance Bonds
- You may be able to avail of between a three to six-month interest-only payment period (depending on the total loan duration)
Register here: https://www.irishbankingcultureboard.ie/webinar-invitation/