MFI COVID-19 Business Loan

MFI COVID-19 Business Loan

The COVID-19 Business Loan from Microfinance Ireland is a government initiative to support small businesses through the current period of uncertainty and protect job creation or sustainment in Ireland

IMPORTANT: If you apply through the LEO the APR is 4.5%

The LEO South Cork will also appoint you a dedicated adviser to help with the application form

Please contact the LEO DIRECTLY to apply through us

Eligibility

  • Any business (Sole Trader, Partnership or Limited Company) with less than 10 employees and annual turnover of up to €2m
  • Not in a position to avail of finance from Banks and other commercial lending providers
  • 15% of actual or projected turnover or profit is negatively impacted by COVID-19

Product Features

  • Loans from €5,000 – €50,000
  • Supports businesses who have been impacted negatively by coronovirus in Ireland
  • Loan terms typically up to 3 years
  • First 6 months –  Interest & Repayment free 
  • No fees/no hidden costs/charges
  • Fixed repayments/no penalty for early repayment

FAQs

Click HERE to be taken to the MFI Information page

 

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