Fast business loans under the Energy Efficiency Loan Scheme

A priority for many Irish businesses in 2023 is to become more energy efficient; a need accelerated by the energy crisis resulting from Russia’s war on Ukraine. The Energy Efficiency Loan Scheme (EELS) is there to help make it happen. Get green tech with low-cost loans & affordable repayments through the Strategic Banking Corporation of Ireland (SBCI) and the best alternative business lenders.

Features & Benefits

  • Get SEAI approved energy efficient products for your business

  • Get low-rate loans from €10,000 to €150,000

  • Repay over terms up to 10 years

  • Save money

  • Save the planet

Does my business qualify?

The qualification rules for the scheme are a fit for most Irish businesses and a simple form on the SBCI’s website gives your business eligibility codes that lenders will need. The biggest challenge however, is to gain approval from the participating lender because underwriters can only support business’s green tech purchases, whose accounts and bank statements indicate affordability for repayments for the kit they desire. The good news is BusinessLoans.ie can arrange some quick initial feedback from the partner credit teams if approval is looking likely, as well as an indication of upper limit on likely maximum loan amount, to help with your planning. A simple documents request will be the starting point here.

BusinessLoans.ie organises fast finance quotes. Get started with EELS today. Email us at hello@businessloans.ie or call 01 55 636 55.

Low Rate Unsecured Business Loans with the Covid-19 Credit Guarantee Scheme

Did you know that Irish businesses affected by the pandemic can get low-rate loans with no personal guarantees for peace of mind? The government & the SBCI have allocated €2 billion to banks & alternative lenders to help businesses with working capital, business expansion and for buying new items they need to perform at this time. Get loans from 6 months to 60 months at rates from 4.75%

BENEFITS FOR YOUR BUSINESS

  • Fast approval

  • Low rates

  • No early repayment penalty

  • No personal guarantees

  • Wide variety of loan purposes

KEY CRITERIA TO ACCESS FUNDING

  • Your business is down 15% on turnover or profit

  • Your business is generally profitable

  • Your business passes the credit check

Talk to the business loans team today about getting your simple unsecured loan quote. Generally our partner credit teams will review simple documents such as accounts & bank statements. They grade them for risk from A grade down to D grade and apply a rate from 4.75%. It costs nothing to find out if you qualify & at what rate. Call us now on 01 55 636 55 or email us at hello@businessloans.ie. We’re here to help, 7 days.

Irish State Bank has billions available for Irish businesses

The Strategic Banking Corporation of Ireland (SBCI) has done more lending in 2020 than any other year since its foundation. It has allocated over €2 billion in loans through various partners during the Coronavirus Crisis. A lot of this has been on the Future Growth Loan Scheme, as well as smaller schemes for Brexit. However, much of the €2 billion allocated to help Irish SMEs under the Credit Guarantee Scheme is still available. Why is this? The SBCI says "we are aware of some public commentary asking why SMEs have not taken up more of the capacity available under this scheme…the answer to this is that the €2bn capacity is an important statement of intent, that the capacity is there if needed.”

The BusinessLoans.ie View

It’s better to be over-capitalised than under-capitalised. If you don’t have a cushion of working capital and you wait until missed payments start stacking up in the bank statements before applying for loans you can find yourself in a position where you are getting declines and may only have higher interest rate loan options available or none at all.

There are a number of great free supports & mentoring from the Local Enterprise Office to set out a plan and see if debt funding is part of the solution. Enterprise Ireland has a financial planning grant worth €5000 for bigger companies. Finally, nobody knows your finances better than your accountant & they can help you assess your situation.

If debt funding is the right option we’re here to organise business loan quotes fast. Many of the loan options don’t have an early repayment penalty. That means, when the pandemic eases and your business doesn’t need as much working capital, you can settle the loan early and save money on what the remaining interest would have been if you let the loan run for the full term.

We’re here to help. Call us today on 01 55 636 55 for fast Credit Guarantee Scheme loan quotes.

sbci billions.jpg