Monday October 26, 2020

State to guarantee credit for builders’ supplies

Many building firms are still short of cash in the wake of the property crash

Michael Brennan

Political Editor

31st January, 2016
Builders will be able to get supplies on credit Picture: Pixabay

Cash-strapped builders will be able to get vital supplies on credit through a new government guarantee.

Until now, the state has only offered to guarantee credit for businesses struggling to get new bank loans or refinance existing ones.

But the state is now going to offer to guarantee 80 per cent of the value of the supplies being provided on credit to builders by builders providers. Many building firms are still short of cash in...

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