Microfinance Ireland provides small loans to help start-ups and established businesses to get the finance they need for their business.
At Kildare Local Enterprise Office, we are here to support you with acquiring this financial support. We have business mentors ready to assist you with your applications.
Next steps:
Full details of all loan packages are available in the following link where you can also make your loan application here>>>
When we receive your completed application we will then appoint a mentor to review and work with you on the application before we submit it to Micro Finance Ireland on your behalf.
The assistance from our mentor is free of charge to you and you will also receive 1% discount on the interest rate when you make your application through our office.
Microfinance Ireland (MFI) Loans in partnership with the Local Enterprise Office Network
Business loans available from €5,000 up to €25,000
Features & Benefits
- Reduced interest rate of 5.5% APR if submitted through the Local Enterprise Office Network. (6.5% 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 €5,000 to €25,000
- 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
About Microfinance Ireland
Microfinance Ireland (MFI), is a not-for-profit lender, established to deliver the Government’s Microenterprise Loan Fund. MFI works very closely with the Local Enterprise Offices (LEOs), providing loans to small businesses. Helping to create and sustain employment by providing loans to small businesses is at the heart of what they do.
Microfinance Ireland have a range of loan offers available to help businesses Start-Up, grow and expand. They also offer emergency loans for businesses impacted by COVID -19 and Brexit. You can view all their loans offers here https://microfinanceireland.ie/loan-packages-july-21/
There are a number of restricted sectors and/or Business Activities that MFI cannot support and these are outlined here.
