Microfinance Ireland provides small loans through the Government's Microenterprise Loan Fund. The fund's purpose is to help start-ups and established businesses get the finance they need to grow and succeed.
Unsecured business loans of €2,000 to €25,000 available for commercially viable proposals. Sole Traders, Partnerships & Limited Companies are all eligible to apply.
A micro-enterprise is a small business — including self-employed individuals — with fewer than ten employees and an annual turnover of less than €2 million.
Microfinance Ireland can consider applications from businesses that may have been declined a loan from their bank. Each application is assessed on the viability of the business and the ability to repay the loan.
They work closely with all their partners, including Local Enterprise Offices (LEOs), the Irish Local Development Network (LDCs), as well as all the major banks to provide viable businesses with the support they need.