If you’re starting or running a business in Ireland right now we salute you. Irish business owners are being hammered by the Brexit mess & an awful pandemic. Yet, despite this, the majority of businesses have survived and some have even thrived. You will also see the news headlines about various supports. Some have went down like a lead balloon (the hospitality keep-your-receipt tax back one with a dismal take-up) whilst others faltered at first (SBCI money through the banks with a 5% drawdown of €2 billion made available) but now are starting to take off due to the SBCI enabling some of the more agile fintechs to get in on the act. So what does that mean for you weighing up options for where to get a quote? Well, generally you can expect a faster turnaround time (days not weeks), lower paperwork requirements & no conditions attached before you can access the funds.

Fast Loan Options

Simple Working Capital Loan. You can now get up to €250k in days at rates from 4.75% so long as you are turning over in excess of €100k, are profitable and pass a credit check based on a few simple documents (2 years accounts, 12 months bank statements and the tax clearance certificate.)
Invoice Finance & Trade Finance. The SBCI have allocated funds to a fintech who can release funding based on what you’re owed in your book of debtors. In some instances they can also finance your purchase orders. This keeps vital working capital within your business instead of being tied up while your goods are in transit and then whilst you’re waiting for your customers to pay you.
Asset Finance. A fintech has access to SBCI funds to help businesses get more assets. They have a track record of financing new, old & unusual assets from all over the world. If you have your eye on something to help your business grow you can benefit from a quick decision at a great rate.

BusinessLoans.ie is here for you 7 days to organise fast finance quotes. Talk to us on 01 55 636 55 now.

If you’re in the medical supplies industry or you’re in the import / export industry and have pivoted your business to personal protective equipment you may need extra financing to help buy your stock, fulfil orders & conserve your working capital. If this sounds like you, great news! PPE financing is now available to businesses in Ireland.

BENEFITS FOR YOUR BUSINESS

Fast funding for PPE. Especially for State-backed orders. The fastest recent deal gave indicative terms within 4 hours for 100% of the purchase invoice amount for a client that had not imported PPE before.
We work the deal. We have completed many of them & we know what funders need to see. We help get the opportunity investor-ready. This reduces your cost and risk.
We ask the right questions. We drive down the cost to you by positioning the opportunity in the right way from a credit and risk mitigation perspective.
We cover the market & find funding for a wide range of requirements. This increases your chances of finance approval.
We get you the best deal. We know which lender is the best fit for your opportunity. This avoids wasting time. It also reduces the risk you will be forced to accept unfavourable terms, pricing out of line with the market or poor & slow processes.

CRITERIA TO ACCESS FUNDING

You have a PPE deal from €1m upwards.
Preferably State-backed.
Preferably you have secured the purchase order.
You have some track record in medical supplies. If not, we have some medical companies who can support your business case.

If PPE Finance is of interest talk to the business loans team today on 01 55 636 55 or web chat via the portal in the bottom right of this screen now. We’re here to help, 7 days.