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.

Recent deal: A pharmacy chain fits out it's latest location with a €200,000 loan

BusinessLoans.ie is celebrating helping our client get a €200,000 merchant cash advance facility to help their pharmacy chain fit out a new location. They will use the funds for fixtures, fittings and for general working capital to get their new location up & running. Our client was happy to be funded within days and continue with their expansion plans for 2023.

Does your business want a fast finance quote? Call the BusinessLoans.ie team today on 01 55 636 55 or email hello@businessloans.ie.

Business loan options in Ireland for 2023

The new year brings us new opportunities… and challenges. Towards the end of 2022 business owners were telling us of their finance requirements. A key concern for many was having enough working capital. Inflation eroded margins and the energy crisis exacerbated this. Many businesses had to write down bad debts from previous years. Banks were tightening up lending rules while raising interest rates and some applicants were waiting months for decisions.

It’s not all bad news. While some banks left the market, other non-bank lenders are filling the void. These alternative business lenders are often specialist, whether that’s unsecured lending, asset financing, invoice financing or merchant cash advance financing. Business owners we help are often delighted by the quick turnaround times, smoothness of online applications & open banking instead of frustration of emails & attachments, as well as knowledgeable credit teams who understand business owner’s industries.

If your business has plans to expand in 2023 that require financing, or just needs a simple working capital loan to ease cash flow concerns, we’ve got business loan quote options that can help. Email the BusinessLoans.ie team today on hello@businessloans.ie or call 01 55 636 55. We’re here to help, 7 days.

Business loans for working capital

As 2022 comes to a close we have been hearing the cash flow challenges of business owners in Ireland. Inflation is impacting business owners who can only absorb so much of the costs before raising prices. If cash flow pressures have been causing your working capital to deplete we have some loan quote options that might help.

Simple unsecured loans

If your last filed accounts were in profit and you have no recent missed payments evident in the bank statements, then a simple business loan quote can work. Your loan quote will include a fixed monthly payment that will be affordable to your cash flow cycle. During the loan term you can fix up the balance any time and save on interest. Ask us about quick initial feedback with recent accounts & 3 months bank statements.

Secured loans

If your last accounts were underperforming and unsecured loans are a challenge, but you have assets, invoices, card machine turnover etc. then a secured loan can work. Underwriters can often approve businesses when they have the comfort of some collateral. Talk to the Business Loans team today on 01 55 636 55 and see what financing options can work for your business.

Recent deal: A beautician gets a €20,000 business loan for renovations

BusinessLoans.ie is celebrating another happy client. A beautician called and said they needed to renovate the interior of their business because it was looking dated. The problem was, their recent accounts were showing small losses and they had declines from the bank and other lenders. When the Business Loans team reviewed it, we identified they were making steady sales with their card machine. We engaged our merchant cash advance partner who were happy to quote. The client got fast funds and could attend to their business renovation project.

Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.

Working capital finance to reduce pressure from inflation

In these inflationary times, business owners in Ireland are battling rising input & labour costs. There’s limited scope to raise prices, so other reactive measures can be considered such as incentivising clients to pay upfront, amending receivables policies, negotiating supplier terms or proactively organising finance before the bank statements get too tight.

BusinessLoans.ie has a number of working capital finance quote options. The most popular solution is a simple unsecured loan with low repayments over a number of years. Our lending partners generally require less paperwork than the banks and don’t charge an early repayment penalty; so if the cash flow pressure eases during the loan term, it can be fixed up early to save on interest. Other options that can work are invoice finance & trade finance, merchant cash advance or various other types of secured lending.

Does your business need a loan? We’re here for you 7 days to organise fast finance quotes on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: Energy firm insulates working capital with a €50k boost

BusinessLoans.ie helped a building & retrofit contractor get a €50,000 working capital loan. They required funding due to soaring materials costs and reduced supplier terms. They had engaged their own bank who had suggested paying the balance of an existing loan first before they could assess the new application however, their CFO didn’t feel confident that approval on a new loan would follow, potentially leaving them in worse off position.

BusinessLoans.ie engaged a non-bank lending partner. They were approved and funded in days, with low paperwork requirements. The business owner was happy to have a more comfortable cash flow position and better cash purchasing power for materials.

Does your business want a fast finance quote? Call the BusinessLoasn.ie team on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: Dublin scaffolding firm gets €300k equipment loan

BusinessLoans.ie is celebrating another successful loan. Our client was a large Dublin scaffolding business. They are very busy and experiencing good year-on-year growth. A purchase of €300,000 of scaffolding was required to service more contracts. Banks had been unhelpful. They also tried non-bank asset finance companies but scaffolding is considered unsuitable for hire purchase & leasing.

BusinessLoans.ie identified a non-bank lender who could quote them unsecured based on the strong performance of their accounts & bank statements. They were approved & funded quickly, at low rate on the €300,000 over a 3 year term. The business owner was pleased there was no early repayment penalty. If, during term, the company has excess cash reserves they can settle the loan and save on remaining interest.

Does your business want a fast finance quote? Call the Business Loans team on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: A car valeting business gets a business expansion loan

BusinessLoans.ie is celebrating another successful deal. We helped a car wash & valeting business with a €35,000 unsecured loan. They had an opportunity to expand the business. A new location was available and they required equipment, new hires and a marketing budget. When they engaged BusinessLoans.ie they had been frustrated with the level of information required from their bank for a loan application. They felt they had a simple business and didn’t want to put together detailed business plans & financial modelling. They had a set of profitable accounts filed with the Companies Registration Office, a tax clearance certificate and healthy bank statements. This was enough information for our lending partner’s underwriting team to produce a fast finance quote. They were approved in days and were happy. Does your business need a loan? Call the Business Loans team on 01 55 636 55 or email hello@businessloans.ie today.