Monday November 30, 2020

State credit scheme green-lit almost 120 loans with total value of €25m

8th March, 2020
It was anticipated that 1,800 businesses would be supported and 1,300 jobs created for every €150 million-worth of loans provided

Almost 120 loans with a combined value of €25 million were sanctioned under the state’s credit guarantee scheme last year, new figures show.

The figures represent an increase on 2018 levels, when 82 loans worth a combined €12.5 million were approved under the scheme, which was first introduced during the economic crash.

While the number and value of loans approved increased last year, just 64 were drawn down during both years. In 2019, €14.8 million-worth of...

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

Share this post

Related Stories

Howbert & Mays’ new store will occupy former Greene’s bookshop premises, more recently home to Jermyn’s

Killian Woods | 1 day ago

Irish company benefits from bigger budgets to encourage cycling and is expanding into Norway and the United States

Killian Woods | 1 day ago

Children’s hit film was written by Irish director Kealan O’Rourke and produced by Lion King director Jon Favreau

Killian Woods | 1 day ago