New €100 million fund for loans to SMEs

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Small and medium businesses in Ireland will soon have ‘easier access’ to credit, loans that will be guaranteed by the EU. A fund of €100 million is the first step.

A new deal between the European Investment Fund and Bank of Ireland will allow the bank to lend SMEs in Ireland a total of €100 million, over the next two years. Loans of between €25,000 and €7.5 million can be sought.

All the loans will be guaranteed up to 50% by the ...

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