This loan product is being implemented in cooperation with the European Investment Fund (InvestEU Guarantee Programme) with majority funding support being provided by the Strategic Banking Corporation of Ireland (SBCI).
Eligibility:
Loans available to Small and Medium Enterprises (SMEs) or Small Mid-Caps as defined by the EU Commission Recommendation 2003/361/EC.
- Small and Medium Enterprises have fewer than 250 employees, and annual turnover not exceeding €50m and/or annual balance sheet total not exceeding €43m.
- Small Mid-Caps have fewer than 500 employees and are not a Small and Medium Enterprise.
To be eligible for finance, businesses must be established in an EU Member State and operating in the Republic of Ireland.
In addition, the purpose of the loan must meet the eligibility criteria of the InvestEU SME and Small Mid-Cap Sustainability Guarantee Product.
You can check the eligibility criteria via this link https://sustainabilityguarantee.eif.org/ or contact BVP at www.bvp.ie
Loan Features:
- Loan amounts from €500,000 to €5,000,000.
- Loan terms up to 10 years.
- Competitive interest rates.
- Flexible repayment terms tailored to the purpose of the loan.
- Typically, senior debt, but subordinated debt positions considered.
Loans can be tailored to meet the needs of businesses investing in a sustainable future.
Businesses can qualify as eligible based on their operations under two main headings.
