Linked Finance has been approved as a lender under the Government’s Covid-19 Credit Guarantee Scheme (CGS). Linked Finance will offer loans of up to €250,000 for terms of six months to five years at interest rates starting at 4.75pc. The interest rate charged by Linked Finance will depending on the length of the loan and credit grading of the borrower. The €2bn Credit Guarantee Scheme (CGS) had just €66m of loan drawdowns from the three participating banks by the end of November. Since it was set up in 2013 Linked Finance has grown to deliver over €140m in loans to Irish businesses.

Source: Irish Independent January 05, 2021 07:41 UTC