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Further State-backed Covid-19 loan scheme now open to SMEs

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Tánaiste Leo Varadkar.

Tánaiste Leo Varadkar.

Tánaiste Leo Varadkar.

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WEXFORD SMEs, including farmers, fishers and food businesses, can avail of a new loan scheme launched by the Government as a result of the pandemic.

Under the new Covid-19 Loan Scheme, SMEs – including farmers, fishers, food businesses and small mid-caps - can access loans of between €25,000 and up to €1,500,000, with terms of one to six years and unsecured up to €500,000.

Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD said that the Covid Credit Guarantee Scheme, which closed in June 2022, helped more than 10,000 SMEs access low-cost credit.

“This successor scheme will give SMEs, including farmers, fishers and food businesses, the option to access really competitively priced loans, should they need to avail of that option, in addition to the other help that is available. It’s about giving SMEs as many options as possible.”

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The Strategic Banking Corporation of Ireland (SBCI) will deliver the scheme through participating lenders. Information on the application process is available on the SBCI website at www.sbci.gov.ie.


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