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SBCI seeks lending partners for expanded Brexit Loan and Covid-19 Working Capital schemes

News
20 May 2020

The SBCI seeks lending partners for the distribution of an additional €200 million in funding for the Brexit Loan and Covid-19 Working Capital Schemes.

20thMay 2020: The Strategic Banking Corporation of Ireland (“SBCI”) is today launching an Open Call for Expression of Interest (the "Call”) to identify and select Financial Intermediaries to deliver the expanded Brexit Loan and Covid-19 Working Capital Schemes which will make €200m available to businesses that are currently impacted by Covid-19 or will be in the future at low-cost interest rates of 4% or less. Proposals submitted to the SBCI must conform to the requirements of the Call. Expressions of Interest must be submitted by 05 June 2020.

The scheme has been developed in conjunction with the Departments of Business, Enterprise and Innovation and Agriculture, Food and the Marine.

The Scheme aims to assist those businesses affected by the current Covid-19 pandemic.

Loan features:

Loans can be used for: