COVID-19 Credit Guarantee Scheme

COVID-19 Credit Guarantee Scheme

The Covid-19 Credit Guarantee Scheme

The Covid-19 Credit Guarantee Scheme is provided by the Government of Ireland to facilitate lending to Micro, Small and Medium-sized Enterprises, and Small Mid-Caps adversely impacted by Covid-19. This includes Primary Producers – Agriculture/Fishing. The Covid-19 Credit Guarantee Scheme facilitates the provision of liquidity and working capital to businesses with an initial focus on term and working capital loans. The Scheme enables a borrower impacted by Covid-19 to access credit. The borrower contributes to the cost of the Scheme by paying a guarantee premium on the credit advanced. This premium is separate from and is in addition to the cost of the credit advanced.

For more information including eligibility criteria and how to apply, visit https://sbci.gov.ie/products/covid-19-credit-guarantee-cgs

 

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