BusinessLoans.ie is celebrating another successful finance deal. Our client was a studio specialising in live sports streaming, studio hire & localisation services. The business had been performing well, acquiring the latest studio equipment and completed a renovation. They now sported a world-class studio for their own use & to hire to corporates. They were awarded new contracts and needed €75,000 to service them. BusinessLoans.ie organised a fast finance quote at a great rate and they were happy. If your business needs a loan call us today on 01 55 636 55 or email hello@businessloans.ie.
Recent deal: An agri machinery manufacturer gets a €250,000 Covid loan
BusinessLoans.ie is celebrating another successful loan client. It was an agricultural machinery manufacturer whose work was hurt by the pandemic. Their turnover was down due to Covid restrictions as well as the worldwide supply chain issues pushing up prices. They were frustrated with the level of information required for loan applications with their bank and asked us about alternative finance quotes.
BusinessLoans.ie identified a loan quote under the Covid-19 Credit Guarantee Scheme with a non-bank lender. They were able to get approved for their €250,000 quickly, at a low rate and without a personal guarantee or early settlement penalty, over a three year term. They were happy and were able to get on with their work. Does your business want a fast finance quote? Get in touch today. Email hello@businessloans.ie or call 01 55 636 55.
Recent deal: An expanding gym chain with an equipment & fit-out requirement
BusinessLoans.ie helped a business owner in the gym industry. They had been hit badly by pandemic restrictions but were now in a fortunate position of being located in the suburbs of Dublin. With the shift to work-from-home, business was booming. They needed €70,000 for equipment and a fit-out. They were initially speaking with their bank but the requests for business plans and detailed cash flow forecasts would have added time and expense. They had secured a construction company ready to get going and they didn’t want to lose them to another job due to delays.
When they engaged with BusinessLoans.ie a low-rate loan opportunity was identified under the Covid-19 Credit Guarantee Scheme. There would be no early repayment penalty within the 3 year term they were approved for; and best of all there was no personal guarantees for directors. The loan was approved and drawn down in days and they were happy.
Call the Business Loans team today on 01 55 636 55 for fast finance quotes. Or email us on hello@businessloans.ie.
Recent deal: Loan for expanding Covid-19 solutions company
BusinessLoans.ie is celebrating another successful loan client under the Covid-19 Credit Guarantee Scheme. Our client had a long-standing business in technical product sales and due to the pandemic, started in Covid air filtration solutions. They are selling to big companies and government departments in Ireland. Due to shipping issues they needed to make bigger orders from China and make more space in their warehouse. This warehouse renovation was going to run them close to €100k.
The partner credit team were able to approve them at a low rate and over a 3 year term. Best of all the directors didn’t have to sign a personal guarantee which gave them comfort after the tough trading period in the beginning of the pandemic had made them reluctant to take on debt. But with the deal in front of them they were happy to progress.
If your business needs finance get in touch today. Get fast finance quotes at hello@businessloans.ie or by calling 01 55 636 55.
Irish businesses increasingly using Fintechs for fast funding
Why are Irish businesses choosing alternative finance? Banks have never picked up their risk appetite to support Irish businesses since the last recession. Entrepreneurs quickly found themselves at the mercy of banks looking to call in loans. Banks downsized and lost a lot of their specialised lending teams. Fintechs were quietly hiring and building agile systems to knock out quotes in days, where before the banks were taking weeks or months due to outdated legacy systems and lack of will due to market dominance. Now that we’re coming out the other side of the pandemic, this trend is set to accelerate.
Today Irish businesses have access to government supported loans, but only for a limited time. When pandemic loans & supports are gone the good news is that the era of ultra-low interest rates looks set to continue. There is a lot of money sitting in negative interest rates with banks and investors are motivated to seek better returns by supporting businesses with debt or equity funding.
For microbusinesses getting everyday business finance, owners now find that dealing with non-bank lenders gives them that personal touch they used to get with the banks, in a quick turnaround and at fair rates. For SMEs looking to grow, aquire or merge in this fluid time for businesses exiting the worst of the pandemic, capital is available. Talk to the BusinessLoans.ie and use our network of trusted financiers to get you the best deal. Email us at hello@businessloans.ie or call 01 55 636 55.
Business Loans for Reopening Retail Businesses in Ireland
There are a number of loan options on the market for businesses that are reopening after lockdowns. You can potentially get loan quotes from pillar banks or alternative business lenders under the Credit Guarantee Scheme for working capital, stock or other needs. But what if your business accounts and bank statements are now imperfect after all these lockdowns and you don’t qualify? The good news is there are business finance options if you’re currently transacting on your card machine.
BENEFITS FOR YOUR BUSINESS
Fast decision based on your volume of sales by card
Easy application process
Flexible repayments that work with your cash flow
KEY CRITERIA TO ACCESS FUNDING
Your business is transacting from €4000 a month by card
You have at least 6 months merchant statement history
Your business passes the credit check
If you’re in retail or any shop, hairdresser, barber, hardware store or takeaway restaurant talk to us about organising a finance quote today. Even if the bank has said no and you don’t feel confident, we can often assist. So long as you’re currently trading, the partner credit team are understanding & can even top up your facility as your cash flow improves. We’re here for you 7 days on 01 55 636 55 or email us on hello@businessloans.ie.