The SBCI aims to help SMEs fund their ambitious business plans by creating a more competitive and dynamic environment for SME funding.
The SBCI’s goal is to ensure access to flexible funding for Irish SMEs by facilitating the provision of:
- flexible products with longer maturity and capital repayment flexibility and in some instances the provision of a partial guarantee subject to credit approval
- lower cost funding to financial institutions, the benefit of which is passed on to SMEs
- market access for new entrants to the SME lending market, creating real competition
The funding is available to SMEs through the SBCI partners.
The release of long-term funds by promotional (or state-backed) financial institutions, through frontline (or traditional) finance providers is a successful and effective model for funding SMEs throughout Europe.
Currently the SBCI is focusing on distributing its liquidity through Bibby Financial Services, BVP, Fexco Asset Finance, Microfinance Ireland and SME Finance & Leasing Solution DAC. This funding supports products such as leasing, invoice financing hire purchase and trade finance.
SBCI distributes its Liquidity and Risk Sharing schemes through bank, non-bank, and credit union partners and may change over time. For the current list of participating lenders and products, please visit here.