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

@obraonain
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...

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

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 | 5 months ago

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

Hannah O’Brien | 10 months ago