Your business may be able to get a loan through the Ukraine Credit Guarantee Scheme (UCGS). It gives you lower rates and without personal guarantees.
The partner credit team's allocation of funds under this scheme are due to run out in 4 - 6 weeks. If your business needs funds for working capital, expansion etc. the time to act is now!
What is UCGS?
Our partner credit teams have access to Strategic Banking Corporation of Ireland (SBCI) funds under the UCGS. Businesses that have seen costs go up 10% can qualify, for example, inflation on utilities and fuel.
Loan features:
Rates start at 5.65%.
Loans from €10,000 to €250,000.
Terms from 12 months to 36 months.
No personal guarantee.
Instant funding on acceptance.
Unsecured business loans for working capital or investment.
If a business qualifies under the scheme, it still needs to pass the underwriting process. Expect to need to have accounts in profit, a tax clearance certifiate and no recent missed payments in the bank statements. Call the BusinessLoans.ie team on 01 55 636 55.
