08 April 2020 – Increased funding for working capital loans

Level of Jurisdiction: National

Overview: The Irish Government increased funding for working capital loans to businesses. The government will provide €250 million in addition to the €200 million announced on 19 March 2020.

The working capital loans are provided through Strategic Banking Corporation of Ireland Working Capital scheme and intended to ensure business liquidity. The loans will be available through AIB, Bank of Ireland and Ulster Bank.

Businesses can obtain loans of up to €1.5 million with the first €500,000 unsecured, at a maximum interest rate of 4 per cent. Loan terms range from one year to three years and interest-only repayments may be available at the start of the loans.
Full details here: https://www.gov.ie/en/press-release/97e147-minister-humphreys-announces-major-expansion-of-business-supports-fo/