Happy New Year! Now that we’re in to 2021 your business may be planning to survive or even thrive. Key drivers for finance are the pandemic & lockdowns, Brexit readiness, pivoting & general business growth financing requirements. If your business needs financing we’re here to help organise business loan quotes. Depending on what industry you operate in there are government-backed supports & loans to suit most. If not, we have a host of alternative business finance options that can work. BusinessLoans.ie recommends:

Check the Department of Enterprise website for the latest business supports. You may need to revisit their continuity planning checklist to see if you can cover your bases as best you can.
If you need working capital we can get you a quick quote. It costs nothing to get the quote built and you may not even need to draw it down. We have other options that give you a line of credit for trading or releasing value early on invoices when you want to. There is a little bit of work to get you approved for some of these facilities but it can give you peace of mind once you know you can call on it when needed.
If your business would like our new treasury function, please ask. We have a virtual CFO partner who can assist activities such as finance planning, cash flow forecasts and if they identify times when you need more working capital they can queue up reminders to get your finance quotes organised in good time with BusinessLoans.ie.
If you are reviewing your book of debtors and are concerned about not getting paid we’re partnered with a collections company going since 1929, Atradius.

We really are here to help at this time. We never ask you for a fee and get your loan quotes organised quickly. Your accountant or the Local Enterprise Office will be on hand to give you advice too and we always recommend checking in for financial advice on the big decisions. Other than that we have many professionals in our network who we put you in touch with, if it’s not something we are best placed to assist with. Call us 7 days on 01 55 636 55.

The team at BusinessLoans.ie are happy 2020 is coming to an end and we look forward to 2021 with great hope. Now that Brexit is looking settled and vaccines will be administered in the coming months, most businesses can plan for the future once more. This also means that lenders will be more receptive to supporting Irish business.

The alternative lenders were open for business throughout the pandemic but were mostly supporting businesses who were continuing to trade. While the government did a great job in assigning capital to SMEs many business owners found the banks whose job it was to release the funds didn’t approve them; or they felt they were getting the “slow no” with decisions not forthcoming in a timely fashion. Ultimately it led to a small percentage of available funds getting drawn down. This in turn led to extensions of some government-backed lending schemes. BusinessLoans.ie were able to help a wide variety of businesses during this time; from retailers in need of cash flow to uniform suppliers pivoting from hotel trade to frontline workers.

Looking forward to 2021 the alternative lenders will be broadening their scope of industries they can support after the harsh level 5 lockdowns ease and the population gets vaccinated. In early 2021 working capital facilities, invoice finance, asset finance etc. will be business as usual and we look forward to getting your quotes organised. We’re available over the holiday period if you’re making your plans now. Send us a message or call us 7 days on 01 55 636 55.