MFI Loan Application Advice Clinic 27th February Mullingar LEO191608

Venue:
Aras an Chontae, Mount Street, Mullingar
 
Date:
27/02/2019
 
Note:
27th February
 
Time:
1hr-1.5 hr
 
Category:
Business Training
 

Trainer Manning Financial. Please contact a member of staff prior to booking appointment. The Local Enterprise Office are helping new and existing businesses to apply for the Microfinance Ireland Loan application process. This clinic is specifically to advise on the aspects of applying for a Microfinance Ireland Loan.  A LEO Executive will contact you to discuss your application.

This event is no longer available
 

  

Details of the loans available:

  • Loans from €2,000 up to €25,000
  • Loan terms from 3 up to 5 years
  • Fixed monthly repayments
  • Interest Rate 6.8% APR fixed
  • Businesses from all sectors eligible to apply
  • Loans may be used for working capital, marketing costs and to fund the set-up of business, the purchase of stock, equipment, machinery and business vehicles
  • Who can apply?

 

Businesses with fewer than 10 employees and an annual turnover of less than €2m

  • Sole Traders, Partnerships and Limited Companies
  • The business must have been declined credit or sufficient credit from their bank
  • The business must be commercially viable with loan repayment capacity
  • The business must have an up to date Tax Clearance Certificate

 

Need help with the process?

You can book here to sit down one-on-one with a Financial Mentor to help assist you

  • Complete the Application form
  • With Business Advice
  • Your Business Plan
  • Submiting your application to MicroFinance Ireland

 

We will contact you in advance with your allocated time for the mentoring session. Please note these sessions can only be offered to Westmeath based businesses due to limited availability.

Microfinance Ireland is a not for profit lender established to deliver the Government’s Microfinance Loan Fund Scheme as part of the Action Plan for Jobs. The objective of Microfinance Ireland is to provide additional lending to start-up and existing SMEs with a viable business.

 

Microfinance Ireland works in partnership with the Local Enterprise Offices (LEOs). LEOs provide helpful assistance with the microfinance loan application process and also assist businesses with training and guidance in preparing business plans along with mentoring support to help sustain the business and initial evaluation of the quality of business proposals for a loan application.

Please note: Applications are processed by Microfinance Ireland and use their lending criteria. The Local Enterprise Office does not influence or assist in the decision process and cannot overturn a decision made by the Microfinance Ireland Committee.

 

 

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