Linked Finance partners with SCBI to offer 50m in low-cost loans to SMEs [Video]

Linked Finance will lend €50m at discounted rates to SMEs experiencing inflated input costs and supply chain disruption.

Under the Ukraine Credit Guarantee Scheme, SMEs that have seen costs rise by over 10% because of the war in Ukraine will be eligible for working capital loans of up to €250,000 with terms from one to five years at a discount of 20%.

Eligible small firms across Ireland will be able to apply for financing through the Linked Finance platform, and businesses can receive unsecured loans within 24 hours.

The scheme is operated by the Strategic Banking Corporation of Ireland (SBCI) and offered by Department of Enterprise, Trade and Employment and the Department of Agriculture, Food and the Marine.

“This partnership with the SBCI is a hugely positive development for the business and is a stamp of approval in the recognition of the important role that alternative lending has to play as a source of funding to help …