Firm pledges €300m for SME funding
Dublin-based Capitalflow, a commercial lender established last year, has committed to providing €300m in finance to small and medium-sized businesses.
It comes as the European Investment Bank is considering whether to part-finance the investments of eligible mid-cap companies, with fewer than 3,000 employees, from different sectors in Ireland and the UK.
The Luxembourg-based bank is weighing up whether to provide a programme loan worth around €150m.
Capitalflow has already provided €50m in the past six months to over 230 Irish SMEs.
Capitalflow was founded by Harry Parkinson, who is its chief executive.