Microfinance Ireland (MFI), is a not-for-profit lender, established to deliver the Government’s Microenterprise Loan Fund. Helping to create and sustain employment by providing loans to small businesses is at the heart of what they do.

MFI works with small businesses based in the Republic of Ireland, with fewer than 10 employees and turnover up to €2m, by providing unsecured business loans of €2,000 to €25,000 for commercially viable business proposals. Loans can be used to fund start-up costs, working capital, purchase of stock, equipment, machinery, business expansion etc.

They consider applications from any small business (Sole Trader, Partnership or a Limited Company) who may be having difficulties in getting access to finance from other commercial providers.

All sectors are eligible to apply, with these exceptions

Standard Loan Packages : €2,000 - €25,000

NEW Discounted interest rate of 5.5% APR if your loan application is submitted through the Local Enterprise Office.

Once a customer has been approved a loan with MFI, mentoring support will be provided with a mentor from the LEO Mentor Panel. Mentoring is a critically important non-financial learning and support tool, helping business develop and grow.

To arrange to speak to a LEO Advisor about your application,click hereor email us directly at mentoring@leo.louthcoco.ie

To make a loan application to Microfinance Ireland, you will need to complete and submit a number of documents as part of the application process. Your Local Enterprise Office can provide valuable help and support to you in preparing your application.