Microfinance Ireland (MFI) Loans

Microfinance Ireland (MFI) Loans in partnership with the Local Enterprise Office Network

Business loans available from €5,000 up to €25,000 with zero repayments and zero Interest for first 6 months. If you need funding for your business and you are unable to get bank finance, MFI may be able to help. Loans up to €25,000 available to support your business. 

To be eligible for a loan your business must:

  • Be based in Ireland,
  • have less than 10 full-time employees,
  • with annual turnover of up to €2 million,
  • unable to secure finance from Banks or other commercial lenders. 


Loan Types:

  • Start Up Loan
  • Cashflow Loan
  • Covid 19 Loan
  • Expansion Loan
  • Electric Small Public Service Vehicle Loan
  • Brexit Business Loan
  • Small Loan

Features & Benefits: 

  • Reduced interest rate of 4.5% APR if your application is submitted through the Local Enterprise Office Network. (5.5% APR applies if you submit your application directly to Microfinance Ireland).
  • Access to business supports, advice and mentoring if applied through the Local Enterprise Office Network.
  • Business Loan amounts from €2,000 to €25,000.
  • First 6 months - 0% interest and zero repayments.
  • Repayments will commence in month 7 for the remaining period of your loan.
  • Loan terms from 1 - 5 years.
  • No fees or charges.
  • Fixed repayments with no penalty for early repayment. 
  • The COVID-19 Business Loan: This loan from Microfinance Ireland is a government initiative to support small businesses through the current challenges and protect job creation and sustainment in Ireland. If your business has been impacted by COVID-19 resulting in a reduction of 15% or more in turnover or profit, and you are unable to secure finance from banks and commercial lending providers, the MFI COVID-19 Business Loan may be an option to help your business. Loans can be used for working capital or changes required by the business to manage COVID19. https://microfinanceireland.ie/covid19/
  • Brexit Business Loan The Brexit Business Loan from Microfinance Ireland is available to support small businesses through the current Brexit challenges and protect job creation and sustainment in Ireland. If your business turnover is currently or potentially could be impacted by Brexit by a minimum of 15%, or your business has a short-term cashflow requirement and you are unable to secure finance from banks and commercial lending providers, the MFI Brexit Business Loan may be an option to help your business. Loans may be used for short-term working capital and/or required business changes as a result of Brexit. https://microfinanceireland.ie/brexit/