Use of credit guarantee scheme up by €20m since December

An extra €20 million in loans has been drawn down since mid-December

17th January, 2021
Use of credit guarantee scheme up by €20m since December
Banking sources have said there has been an increase in the rate of applications in the last month or so

The take-up of loans under the state’s credit guarantee scheme has increased by almost a fifth over the past month.

Figures released by the Strategic Banking Corporation of Ireland, which passed on the funding from the state to the banks which are part of the scheme, show that €118 million has been drawn down by 2,249 companies. The figure is up by about €20 million since the middle of December.

It is expected that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Movers and Shakers

How I work: ‘People want to do something they are good at and they want to feel valued’

How to manage: A probationary period for new hires is always wise

Making It Work: Dublin start-up’s reverse vending machine uses AI to reward recycling

SMEs Elaine O'Regan 1 day ago