In Ireland, a quarter of those chasing invoices are owed more than €40k, while more than a third are short €21k-€40k. Separately, the Strategic Banking Corporation of Ireland (SBCI) and Finance Ireland have announced a new €75m discount lending fund for SMEs. The fund will make finance available to qualifying SMEs at about 1pc below typical rates on comparable commercial loans. The fund extends a seven-year partnership between the SBCI and Finance Ireland, which has already supported over 4,000 SMEs with more than €125m. Finance Ireland is also in the Government Covid-19 Credit Guarantee Scheme, operated by the SBCI.

Source: Irish Independent March 16, 2022 04:09 UTC