Friday May 29, 2020

Danske exit sparks credit scheme revamp

The credit guarantee scheme is being overhauled to help thousands of businesses affected by the departure of Danske Bank and other lenders.

Michael Brennan

Political Editor

25th January, 2015
Ged Nash, Minister of State for Small Business

The scheme had aimed to help over 5,600 viable businesses to get loan finance through a state-backed guarantee for 75 per cent of the sum, but just 146 businesses have availed of it over the past two years.

Minister of State for Small Business Ged Nash said he planned to change the conditions of the scheme to help customers of banks leaving the Irish market.

“We can provide a government guarantee to refinance loans so they will be...

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