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

@obraonain
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 3 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago