Microfinance Ireland

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

 

Features & Benefits

  • Reduced interest rate of 4.5%APR if 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 €5,000 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

 

MFI works with small businesses with fewer than 10 employees and turnover up to €2m, by providing unsecured business loans of €2,000 to €25,000. Loans can be used to fund start-up costs, working capital, purchase of stock, equipment, machinery, business expansion etc.  Applications are considered from businesses who may have been declined facilities from other commercial providers  You can apply for an MFI loan through your Local Enterprise Office and to avail of a discounted rate of 4.5% APR.

Calculate your monthly repayments using MFI’s Loan Calculator (insert link to) http://www.microfinanceireland.ie/apply-now/loan-calculator/

To make a loan application, you will need to complete and submit a number of documents as part of the application process. For more information talk to your LEO Business Advisor or click here https://www.microfinanceireland.ie/application-documents/

  • €2,000 to €5,000 loan Application form, click here
  • €5,000 to €25,000 loan Application form, click here

 

For further information on terms and conditions or Microfinance Ireland please click here