MicroFinance Application Clinic 26th Nov LEO201842

To be arranged by Mentor
1 & 3/4 hour each

To introduce businesses to the MicroFinance Loans System and what is involved in the process. We have mentors who can help you put an application together. You must have a registered business in Westmeath to be eligible to attend.

This event is no longer available
The course will be conducted remotely based on a 1 Hr & 45 mins one to one session with Gordon Naughton, CEO of Tactive Commercial Advice will host mentoring sessions with sole traders and companies whom are considering applying for MicroFinance loans.
During the one to one sessions Gordon will set out the eligibility criteria and provide guidance on how to complete the associated business plan for the MicroFinance loan. As a seasoned lender and being a Fellow of Chartered Accountants Ireland Gordon is ideally placed to guide prospective borrowers through the process.

Want to know more about MircroFiannce Ireland Loans

NEW COVID-19 Business Loan Scheme

Zero repayments for first 6 months and the equivalent of 12 months interest-free subject to certain terms and conditions*

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

If your business has been impacted by COVID-19 resulting in a reduction of 15% or more in turnover or profit, and you are unable to secure finance from banks and commercial lending providers, the MFI COVID-19 Business Loan may be an option to help your business.

Loans can be used for working capital or changes required by the business to manage COVID19. 

Product Features

  • Business Loans 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.
  • Government rebate for the interest paid in the following 6 months (months 7-12 of your loan)
  • Interest rate after the first 6 months will be: a reduced interest rate of 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% APR if you apply directly
  • Loan terms typically up to 3 years
  • No fees or charges
  • Fixed repayments with no penalty for early repayment

*Terms & Conditions:

  1. The maximum loan amount is €25,000 for all applicants. Existing MFI customers can apply for up to €25,000, in addition to existing borrowings subject to a maximum credit exposure of €50,000.
  2. The Government rebate of the equivalent of 6 months interest will be refunded automatically, directly to your bank account, in Month 13 of the loan period. This interest rebate will only be made if the full 6 repayments including interest have been made in the previous 6 months. No interest rebate is payable if this condition is not met.
  3. By exception, capital expenditure may be funded up to 5 years.


  • Any business (Sole Trader, Partnership or Limited Company) with less than 10 employees and annual turnover of up to €2m and was trading prior to the coronavirus pandemic in Ireland
  • Unable to secure finance from the Bank or commercial lending provider
  • The business has been impacted by COVID19 resulting in a 15% or more reduction in turnover or profit.


This 1 Hour & 45 mins session will be delivered via zoom, online or telephone.

The business mentor will contact the business owners prior to the meeting to organise the exact time of the meeting.