SBCI Working Capital Loan

The SBCI Working Capital Loan includes the following:

  • €25,000 to €1.5m available per qualifying business
  • The loan is to provide for future working capital requirements or to finance innovation, change or adaption of the business to alleviate the impact of COVID-19
  • Loan terms range from one year –three years and are unsecured up to €500,000
  • Maximum interest rate of 4% with optional interest-only repayments may be available at the beginning of the loans
  • The loan amount and term is dependent on the purpose of the loan
    Loans cannot be used for refinance of existing debt or refinance of undertakings in financial difficulties

Available to:

  • Any viable micro, small and medium sized business and small MidCaps with less than 500 employees; and which have the following:
  • Turnover of €50m or less (or €43m or less on the balance sheet);
    Independence and autonomy (i.e. not part of a wider group);
  • Less than 25% of their capital held by public bodies; and
  • Established and operating in the Republic of Ireland
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