Microfinance Ireland is very pleased to support the 2016 IBYE competition, and we are now offering loan finance of up to €5,000 at a discounted rate of 5% to competition applicants who may require loan funding to help them establish and grow their business.
Eligibility:
This loan offer is available to all applicants in the Best Start Up and Best Established Business categories from
now until 31st March 2017.
For applicants entering the Best Business IdeaCategory, we understand that it might take a bit longer to
commence trading and therefore, we are extending this loan finance offer until 30thJune 2017 so that these
applicants can apply for loan finance for their business idea is closer to trading stage.
How to Apply:
-
| - Competition applicants should complete the MFI IBYE Application Form* and attach supporting documents (i.e 6 months Bank Statements & ICB Report) which is required for an IBYE Loan from Microfinance Ireland
|
-
| - LEO to sign IBYE Loan Application, attach a copy of the IBYE Business Plan, (which was submitted online to the LEO), and forward the application to Microfinance Ireland
|
-
| - LEO to forward all documentation to Microfinance Ireland for credit approval
|
-
| - Microfinance Ireland will contact the applicant to conduct telephone interview and discuss their application in detail
|
-
| - MFI will endeavour to provide the applicant with a credit decision within 72 hours - credit decision is final
|
Download the application form here: MFI IBYE 2016 Application.pdf (size 367.1 KB)
