Additional funding of €30 million has been made available following a deal with the European Investment Fund.

More than €22 million in loans were approved by Microfinance Ireland last year for would-be entrepreneurs to start and grow a business. The State-bac(...)

Under the agreement, Microfinance Ireland will provide unsecured business loans of between €2,000 to €25,000 for commercially viable plans

Funding of some €30 million to enable would-be entrepreneurs in Ireland to start and grow a business has been made agreed. The European Investment Fu(...)

MicroFinance Ireland CEO Garrett  Stokes estimates that about 10 per cent of customers behind undrawn, approved loans are now going back to their banks and receiving funding there

MicroFinance Ireland, the State-backed lender for often unbankable micro-businesses, has seen a number of approved borrowers going back to their origi(...)

Close Brothers managing director Ciaran McAreavey: “We have played an important role in supplying credit to SMEs which wanted to grow or replace capital-intensive pieces of equipment.”
Plugging the lending gap

The onset of the economic crash in 2007 and 2008 was particularly harsh on Irish SMEs. Not only had they to contend with the steepest market downturn (...)

Companies that employ less than 50 make up more than 98 per cent of all businesses in Ireland. Photograph: iStock

When people say small businesses are the backbone of the Irish economy, they’re not kidding. Companies that employ less than 50 make up more than 98 p(...)

Taoiseach Enda Kenny at a press conference on the Government’s Action Plan for Jobs in 2012. Photograph: Eric Luke

The latest statistics from the Central Bank show that SME lending in Ireland had grown to €2.7 billion annually at the beginning of 2016, almost 5 per(...)

Microfinance Ireland offers four loan packages, ranging between €2,000 and €25,000, to start-ups or established businesses which want to scale up. Photograph: Getty Images/iStockphoto

Government funded not-for-profit lender Microfinance Ireland supported almost 1,000 new jobs last year through loans to small business. Figures publi(...)

Former minister for public expenditure Brendan Howlin, who promised that 48 bodies would be abolished or merged, but the changes were incremental rather than instrumental Photograph: Cyril Byrne

Of all the three-card political tricks played in the last decade, the “quango cull” must rank as the most audacious. In the run-up to the 2011 gener(...)

Microfinance Ireland was set up four years ago as a government funded not-for-profit lender to help get more people starting or running small businesses and to create and sustain jobs in Ireland.

Microfinance Ireland, the not-for-profit lender, is to offer a new loan to help companies experiencing short-term cash flow issues. The government f(...)

Latest accounts for Linked P2P Ltd show it had accumulated losses of just more than €1 million at the end of April 2015.

Dublin-based peer-to-peer lending platform Linked Finance has hired former Digicel executive Niall Dorrian to lead a major expansion of its lending a(...)

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