Sunday 19 November 2017

Finances for small business

THERE IS some welcome news for small businesses in Dublin, which have been refused credit by the banks.

Under a new Government scheme, operated by Microfinance Ireland, the owners of ' micro- enterprises' and new start-ups can now apply through the Dublin County and City Enterprise Boards for loans of up to €25,000. The scheme is aimed at existing and start-up businesses in Dublin with less than 10 employees and a turnover of less than €2m; loans can be used towards business start-up costs, expansion plans or general working capital. Nationwide, the 10 year scheme is expected to assist 5,500 micro-enterprises, helping to create an estimated 7,700 jobs. To be eligible to apply for a loan, Microfinance Ireland has said that small business owners must have a commercially viable business proposal and must have been turned down for credit by a bank. In those cases, business owners and new start-ups are being encouraged to talk to the Dublin County and City Enterprise Boards, who will assist them with the application process. Where assistance with the application process is not required, existing businesses and start-ups may apply directly to Microfinance Ireland, through Contact details for the local County and City Enterprise Boards and further information on the application process is also available from MailScanner has detected a possible fraud attempt from "" claiming to be

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