Frequently Asked Questions (FAQ)

1. What types of businesses can apply for your financing products?
We provide financing solutions for SMEs, Small Mid-Caps, farmers, and fishers based in Ireland or the EU. Businesses must meet specific eligibility criteria based on the product, such as having a clear track record of operations or engaging in sustainability practices. 

2. How long does the loan application process take?
The process varies by product and lender. Generally, once you submit your application along with the necessary documents and eligibility codes, it may take anywhere from a few days to a few weeks for approval, depending on the lender's credit assessment. 

3. Are there any specific requirements for businesses to qualify for green loans or sustainability financing?
Yes! To qualify for green financing, businesses must be committed to sustainability. This includes having a green eco-label, participating in sustainability initiatives, or investing in renewable energy or energy efficiency projects. Specific criteria can vary depending on the loan program. 

4. What is the interest rate for your loans?
Interest rates depend on the loan product and the business's eligibility. For most products, rates are below market rates, with additional discounts for green investments or sustainability projects. Contact us to discuss rates specific to your business and needs. 

5. Can I apply for financing if my business is just starting out?
Yes, we offer specific financing options for start-ups and micro-enterprises, such as Term Loans with amounts ranging from €2,000 to €50,000. These loans are designed to support businesses with fewer than 10 employees and annual turnover up to €2 million. 

6. How can I apply for financing?
To apply for financing, you'll need to follow a simple process: 

Check your eligibility based on the product.
Contact us today and let us help you secure the right financial solution for your business needs.
 

7. Are there any fees associated with your financing products?
Depending on the loan product, there may be charges associated with certain services like invoice financing or leasing agreements. Be sure to check the terms and conditions for your specific financing product. 

8. What is the maximum loan amount I can receive?
The loan amount depends on the product. For example, the Growth and Sustainability Loan Scheme offers loans from €25,000 to €3,000,000, while our invoice financing options can provide up to 90% of the invoice value. 

9. Can I apply for a loan if my business is not in good financial standing?
Businesses in bankruptcy or insolvency, or those with a poor credit history, may not be eligible for financing. We recommend checking the eligibility criteria specific to the loan product to determine if you qualify. 

10. What is the repayment period for your loans?
Repayment terms vary based on the loan product. Some loans have flexible repayment options, while others may be fixed term (e.g., 3-5 years for term loans). We work with you to ensure repayment schedules match your business's cash flow. 

11. Can I use the loan for any purpose?
Loans must be used for purposes outlined in the product description. For example, the Growth and Sustainability Loan Scheme is for long-term investments in business growth and environmental sustainability. Specific restrictions may apply, so it's important to review the terms for each product. 

12. How do I get started?
To begin, reach out to us with your business details, and we’ll guide you through the financing options available to you. You can contact us directly through our website or speak with one of our experts to get tailored advice.