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A guide to the Government Covid-19 Credit Guarantee Scheme

An informative guide from the Banking & Payments Federation Ireland on the Covid-19 Credit Guarantee Scheme

Blogs & Videos
15 Sep 2020

The Covid-19 pandemic has had an unprecedented impact on businesses in terms of the disruption it has caused to so many different aspects of their business model, their operations and their finances.

In the early stages businesses were forced to react quickly to the crisis, improvising and responding to the wide range of challenges arising, which affected different sectors in different ways. However, a common issue for all businesses has been the need to manage the cashflow.

The range of Government supports has now been enhanced with the launch of a longer term financial support in the form of a new €2bn “Covid-19 Credit Guarantee Scheme”, provided by the Government through the Departments of Enterprise, Trade and Employment (DETE) and Department of Agriculture Food and the Marine (DAFM) and operated by the Strategic Banking Corporation of Ireland (SBCI).

The scheme is distributed to Small and Medium Sized Enterprises (SMEs), Small Mid-Caps and Primary Producers through approved lenders under the scheme.

This informative guide from the Banking & Payments Federation Ireland will provide you with details on: