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BusinessLoans.ie MD Rupert Hogan talks finance on iProperty Radio

Rupert Hogan, MD of BusinessLoans.ie spoke with Carol Tallon on iProperty Radio about all things construction finance and SMEs in Ireland. The show is on Dublin South FM from 6-7 pm every Tuesday and features all the news on the Irish property world. Here are the key points Rupert covered:

  • Construction SMEs are finding support from non-bank lenders

  • What’s hot right now is the Covid-19 Credit Guarantee Scheme

  • For construction businesses affected so badly by restrictions, it’s available through many lenders and with many different types of finance

  • If accounts are still showing profit, simple unsecured loans up to €250k are there

  • If accounts are weaker consider secured lending, invoice finance & asset finance

  • Bridging loans based on business-owned property start at €150k and go in to the multi-millions

  • Development finance is readily available

  • If construction companies are concerned about the viability of their business talk to their accountant or get free advice and support from the Local Enterprise Office