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SBCI seeks lending partners for new €300 million Brexit Loan Scheme

News
21 Nov 2017

SBCI seeks lending partners for new €300 million Brexit Loan scheme

21 November 2017: The Strategic Banking Corporation of Ireland (SBCI) has today invited banks and other lenders to take part in a major new loan scheme that will make €300 million available to businesses that are either currently impacted by Brexit or will be in the future at low-cost interest rates of 4% or less.

The SBCI has issued an “Open Call” for financial institutions to apply by 8th December 2017 for designation as a lending partner under the Brexit Loan Scheme, which was announced in last month’s Budget and is being 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 Brexit.

Loan features

Loans can be used for:

The details for institutions who wish to submit applications on the SBCI website here.