Santiago launches targeting SMEs with loans up to €500,000

Santiago SME Finance has already disbursed its first loans and is actively receiving loan applications

The Santago SME Finance leadership team of Sai Vanam; chief technology officer; Conor Sanfey, chief financial officer; Eoghan Moore, Analyst; and Melissa Lyons, chief executive. Picture: Santiago

Santiago SME Finance, a newly established Irish fintech, is to provide loans of up to €500,000 to Irish SMEs having just launched.

The company, led by chief executive Melissa Lyons, is to offer loans of between €10,000 to €500,000 through a digitised lending process.

Loan decisions are expected to be within 24 hours.

The two loan products offered are merchant advance loans up to €300,000 and unsecured term loans up to €500,000.

Lyons said: “We ...