Microfinance Ireland
What do Microfinance Ireland do ?
They provide small loans through the Government’s Microenterprise Loan Fund.
The purpose of the fund is to help start ups and established businesses to start up a small business or expand your existing business.
What is a microenterprise?
It is simply a small business (including a self-employed person) with fewer than 10 employees and an annual turnover of less than €2m.
They help these businesses by providing unsecured business loans of €2,000 to €25,000 for commercially viable proposals. Sole Traders, Partnerships & Limited Companies are all eligible to apply.
They also consider applications from businesses that may have been declined a loan from their Bank. They look at your application and base their decision on the viability of the business and your ability to repay the loan.
For more information go to – www.microfinanceireland.ie
