We support all kinds of projects. From job creation initiatives (including providing enterprise space) to health and wellbeing initiatives which improve the physical environment by providing social and recreational amenities or social care services.
Groups can borrow from €10,000 to €100,000 which are repaid by monthly direct debit over three to ten years (we will consider shorter terms and, in exceptional circumstances, longer terms if necessary). We charge a fixed 3% margin for the term of the loan with no arrangement fee. We don’t ask for personal guarantees and only in exceptional circumstances would we look for security on the funded asset.
The loans we provide are designed for new activity, not for re-financing of existing loans, bridging loans or for feasibility studies.