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Brexit Loan Scheme will be of huge benefit to Kildare Businesses

A new Brexit Loan Scheme will be of huge benefit to small and medium businesses, with up to 499 employees, in County Kildare according to Kildare South Fine Gael TD Martin Heydon.

The Brexit Loan Scheme has been launched by the Government to provide much-needed finance to eligible businesses impacted by the UK’s decision to leave the European Union.

“Loan amounts range from €25,000 up to €1.5m, for terms of up to 3 years and a maximum interest rate of 4%.

“Eligible businesses can now apply for the Scheme through the participating finance providers: Bank of Ireland and Ulster Bank, with AIB following in June.

“The first step for businesses will be to complete the eligibility criteria for the Scheme on the Strategic Banking Corporation of Ireland website.

“This new scheme will provide support to enable eligible businesses impacted by Brexit to have the working capital needed to innovate and diversify, to find new markets, and to grow into the future.”

For more information or to apply for the Brexit Loan Scheme log on to:  www.sbci.gov.ie/brexit-loan-scheme.