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