The Business Lending Blog https://www.linkedfinance.com/blog Mon, 08 Aug 2022 14:00:47 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.3 Linked Finance: Fast, Flexible, Hassle-free Financing Options For SMEs https://www.linkedfinance.com/blog/linked-finance-fast-flexible-hassle-free-financing-options-for-smes/ https://www.linkedfinance.com/blog/linked-finance-fast-flexible-hassle-free-financing-options-for-smes/#respond Mon, 08 Aug 2022 10:51:31 +0000 https://www.linkedfinance.com/blog/?p=6494 Do you own a small or medium-sized business, and you’re looking for access to fast and reliable business financing options? Kindly contact us at Linked Finance today for stress-free and convenient financing options. We understand the need to access a business loan easily; hence we offer an easy application process, and we review all applications […]

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Do you own a small or medium-sized business, and you’re looking for access to fast and reliable business financing options? Kindly contact us at Linked Finance today for stress-free and convenient financing options. We understand the need to access a business loan easily; hence we offer an easy application process, and we review all applications within 24 hours after submission. With our business financing options, you can run your business smoothly and compete favorably in your line of business. 

Types of Business Financing Options We Offer At Linked Finance

At Linked Finance, we offer two major types of business loans to help meet the financial needs of various businesses. 

  • Term Loan (Unsecured Business Financing)

With our Term Loan, you can borrow between €5,000 to €500,000 to invest in new machines, equipment, materials, and everything needed to expand your business. We make repayment convenient with term loans from 6 and 60 months. Some of the benefits of applying for a Term Loan include; an easy and quick online application process, minimal paperwork, and easy upload of bank statements. In addition, you’re not required to use any asset as means of security; all we need from you is a personal guarantee. Our Term Loan allows you to free up cash flow and channel funds to various areas of your business. 

  • Merchant Cash Advance (Short-Term Flexible Financing)

Merchant Cash Advance is one of our highly sought-after loans for business growth. It allows business owners to free up future income. With the Cash Advance, you can borrow up to €150,000 to grow your business and repay daily based on the percentage of your debit or credit card sales. This means you can repay according to the pace of your sales. The eligibility for the Merchant Cash Advance includes; a turnover of over €100,000, accepting credit or debit cards, and should have been trading for at least 6 months. With this short-term flexible financing, repayment is easy, comfortable, and flexible.

How To Apply For A Business Loan At Linked Finance

At Linked Finance, we make loan applications easy, and you can apply online within minutes. To apply for a business loan, you’ll need to fill out the business loan application form for your desired business loan Ireland. The form will require you to fill in relevant information, some of which includes;

  • Business name
  • Your name
  • Email address
  • Phone number
  • Type of business
  • Business location
  • Years of trading
  • A business website and more

Depending on the type of loan you’re applying for, you’ll be required to upload relevant documents such as;

  • Company’s bank statements for the last 6 to 12 months
  • Last 2 months’ merchant statements
  • Last 12 months’ financial accounts
  • Original Tax Certificate issued by Revenue Commissioners
  • A clear copy of your passport or driving license
  • Original Utility bill 
  • Documentation relating to anti-money laundering (dated within 90 days of your loan application)

Once you’ve filled out the necessary application form and submitted the required documents, our team will verify the documents. If the documents and other relevant information are approved, your application will be successful. At this point, we’ll inform you about a detailed official loan offer. The loan offer will include information about the interest rate, loan grade, monthly repayments, and more. When you accept the loan offer, we’ll fast-track your loan funding process. After receiving the loan funding, repayment commences within a month of loan funding.

Why choose Linked Finance For Your Business Financing

Here are some of the reasons why you should contact us for business financing. 

  • Experience

We’ve been in the business of providing loans for business owners for several years. We’ve granted loans, both Term Loans and Cash Advance loans, to several businesses since 2013. We understand the various problems that could arise while funding and repaying loans, and we can use our experience to resolve the issue.

  • Affordable Interest Rate and Convenient Repayment Plan

 We always consider the finances and business of our clients; hence, we charge affordable interest rates on any type of business loan. We calculate the interest rate of the loan based on the type of loan grade granted to our clients; however, it generally starts from 6.95%. We also ensure to consider the daily sales of our clients when creating a repayment plan.

Keep your business moving forward

With fast and flexible financing from Linked Finance.

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Getting A Business Loan in Ireland https://www.linkedfinance.com/blog/getting-a-business-loan-in-ireland/ Wed, 20 Jul 2022 07:09:06 +0000 https://www.linkedfinance.com/blog/?p=6446 Looking at getting a business loan in Ireland? If you’re looking for a business loan in Ireland, Linked Finance is Ireland’s leading alternative lender to Irish SMEs. We’re an online peer-to-peer (P2P) lending platform that connects businesses with investors who are willing to fund business loans. Businesses can apply for loans of up to €500,000 […]

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Looking at getting a business loan in Ireland?

If you’re looking for a business loan in Ireland, Linked Finance is Ireland’s leading alternative lender to Irish SMEs. We’re an online peer-to-peer (P2P) lending platform that connects businesses with investors who are willing to fund business loans. Businesses can apply for loans of up to €500,000 and repayments are made monthly over a period of 1 up to 5 years. 

For business in the hospitality and retail industry, we also have a short-term finance option called the Merchant Cash Advance that provides access up to €150,000 over 12 months. Repayment are not monthly but daily. Businesses repay the advance with a percentage taken daily from the debit and credit card sales.  

So how does it work? Well, firstly, businesses apply for a loan online and provide information about their business and financial situation. This is then reviewed by our team of experts and, if successful, the loan is listed on our platform. Investors can then choose to lend money to businesses that they feel comfortable with, and that they think will be able to repay the loan.

If you’re a business owner in Ireland and you’re looking for a loan, then Linked Finance could be the perfect solution for you. We have a wide range of investors who are willing to lend money to businesses and we offer competitive interest rates. That is why you can also get a Peer 2 Peer Loan at Linked Finance.

Peer to Peer loans in Ireland

P2P is becoming more popular as traditional sources of finance, such as banks, are becoming increasingly difficult to access. P2P lending platforms like Linked Finance offer a great alternative for businesses that are looking for fast loans and a simple application process.

If you’re interested in applying for a business loan on our platform, then please head over to our website and fill out our online SME loan application form. We look forward to helping you grow your business!

Business Loans Ireland Companies Use To Grow

Ireland’s main P2P lending platform is Linked Finance, which connects Irish firms with lenders from all over the world.

We offer loan amounts of up to €500,000 at low-interest rates with various repayment alternatives to meet your company’s needs.

 

A Linked Finance business loan may be used for a variety of things, such as:

 

 

– Refinancing

– Expansion

– Working capital

– Equipment purchases

 

 

You may use our online application to get started if you’re interested in obtaining a Linked Finance loan. The Linked Finance team is also available to answer any questions you may have about our loan process or how we can help your business. Let us help you get your business loan financed today

Keep your business moving forward

With fast and flexible financing from Linked Finance.

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What Is Peer-to-Peer Lending in Ireland and How Does it Work? https://www.linkedfinance.com/blog/what-is-peer-to-peer-lending-in-ireland-and-how-does-it-work/ Wed, 22 Jun 2022 22:37:21 +0000 https://www.linkedfinance.com/blog/?p=6442 Peer-to-peer lending, also known as P2P lending, is a type of lending that allows individuals to borrow and lend money without the use of a traditional financial institution. Instead, P2P lending platforms match lenders with borrowers who are looking for loans. P2P lending platforms are typically online platforms that use modern technology to connect lenders […]

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Peer-to-peer lending, also known as P2P lending, is a type of lending that allows individuals to borrow and lend money without the use of a traditional financial institution. Instead, P2P lending platforms match lenders with borrowers who are looking for loans.

P2P lending platforms are typically online platforms that use modern technology to connect lenders and borrowers. This allows for a more efficient and convenient lending process, as well as competitive interest rates for borrowers.

How Does Peer-to-Peer Lending Work?

Using technology to cut out the middleman, Linked Finance brings business lending back to basics: where ordinary people with savings can connect and lend to trustworthy businesses that need working capital, business loans or stocking loans. 

This is called peer-to-peer (P2P) lending. Our online lending community is now providing much-needed funding to thousands of ambitious Irish businesses. Since 2013 our P2P network have funded over €193 MIllion in finance. 

What are the Benefits of Peer-to-Peer Lending?

There are many benefits of peer-to-peer lending, both for borrowers and lenders.

For borrowers, P2P provides a faster and more attractive source of finance than traditional loans from banks or other financial institutions.

Is Ireland p2p lending with Linked Finance a good idea?

Peer to Peer lending is not a new form of finance. P2P has been in Ireland for nearly a decade and is common across Europe and the United States. For borrowers, it provides a new fast and more affordable source of finance compared to traditional lenders. 

For lenders it allows people to invest in Irish SMEs while making a profit. There is no limit to how much you can invest and can be all managed via our portal on linkedfinance.com.

Is P2P a safe investment?

P2P lending can be a safe investment if you do your research and carefully consider the risks involved. As with any type of investment, there is always a risk of default or loss, but if you are careful and invest wisely, peer-to-peer lending can be a safe and profitable way to earn money.

Our credit review all businesses to the same standard and criteria as a traditional lender would. We do this to ensure any business we bring to the P2P community meets our credit criteria and believe they will be able to fulfil the terms of the business loan. 

Looking for More Information on Peer to Peer Lending?

Contact us Today on 01 906 0300

Keep your business moving forward

With fast and flexible financing from Linked Finance.

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SME Loans Ireland | What to Look For https://www.linkedfinance.com/blog/sme-loans-ireland-what-to-look-for/ Tue, 31 May 2022 14:31:07 +0000 https://www.linkedfinance.com/blog/?p=6440 Looking for a Small to Medium Enterprise loan in Ireland? Looking for business loans can be a difficult and time-consuming task, especially if you are not sure where to start. Banks are the most obvious places to get a loan for your business but they are not always the best option. There are many different […]

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Looking for a Small to Medium Enterprise loan in Ireland?

Looking for business loans can be a difficult and time-consuming task, especially if you are not sure where to start. Banks are the most obvious places to get a loan for your business but they are not always the best option.

There are many different types of business loans available from banks and other financial institutions and it can be difficult to know which one is right for your business finance.

At Linked Finance, we can help you find the right loan for your small business and provide you with expert advice on the best way to finance your business.

What are SME loans?

SME loans are loans that are specifically designed for small to medium enterprises. These loans can be used for a variety of purposes, such as expanding your business, buying new equipment, or hiring new staff.

What are the interest rates?

The interest rate on an SME loan will depend on a number of factors, such as the amount you borrow, the term of the loan, and the type of loan you choose.

Who is eligible for an SME loan?

To be eligible for an SME loan, you must be a small to medium-sized enterprise. This means that your business must have less than 250 employees, trading a minimum of 2 years for term loans with revenue over €100,000. 

Our Merchant Cash Advance is slightly different as businesses can be trading for as little as 6 months to apply. 

How do I apply for an SME loan?

If you are interested in applying for an SME loan, you can apply online in just 2 minutes or call us directly on 01 906 0300. Our team is available from 9 am to 5.30 pm Monday to Friday. 

How much loan can I get for a small business?

The amount you can borrow will depend on several factors, such as the purpose of the loan, the size of your business, the term of the loan and your business’s financial situation. Based on these factors you can apply for up to €500,000 for term loans for up to 5 years. For short-term working capital, you can apply up to €150,000 over 12 months with the Merchant Cash Advance.

What is peer-to-peer lending in Ireland?

Peer-to-peer lending is a type of lending that allows individuals to lend money to businesses and make a return based on the interest rate of that loan. Alternative bank lenders like Linked Finance is becoming increasingly popular in Ireland as we can offer several advantages over traditional banks, such as simpler application process, 24 hour loan approval and fast drawdown. 

How Can Linked Finance help?

To qualify for peer-to-peer lending, you must be a small to medium-sized enterprise. This means that your business must have less than 250 employees. Linked Finance offer SME’s unsecured loans up to €500,000. To receive a business loan from Linked Finance you will need to complete a simple application or call our sales representative directly and they will walk you through the process and documentation you will need to be credit assessed. 

Contact us today and speak to one of our loan advisors to see how we can help you. 

Call now on 01 906 0300.

Keep your business moving forward

With fast and flexible financing from Linked Finance.

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Financing Business Loans in 2022’s Economy https://www.linkedfinance.com/blog/financing-business-loans-in-todays-economy/ https://www.linkedfinance.com/blog/financing-business-loans-in-todays-economy/#respond Tue, 31 May 2022 14:18:09 +0000 https://www.linkedfinance.com/blog/?p=6436 While businesses across the country continue to look for ways to grow in this new economy, now is a great time to plan for recovery and growth in the second half of 2022. Finance your Company in 2022 A great number of businesses in different parts of the country were unsure about how best to […]

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While businesses across the country continue to look for ways to grow in this new economy, now is a great time to plan for recovery and growth in the second half of 2022.

Finance your Company in 2022

A great number of businesses in different parts of the country were unsure about how best to finance their company for recovery and set it up for growth in 2022. This is based on detailed talks we carried out with firms throughout Ireland over the past six months.

We at Linked Finance, assist business through a number of events which in turn will help SMEs understand what options they have in terms of sourcing and obtaining finance and how other businesses are coping in today’s economy.

Business Owners Need Financing

If you’re a business owner interested in financing your company for recovery and growth in 2022, Linked Finance can help.

Linked Finance offers multiple finance options for Small and Medium Businesses

If you are sourcing a variety of finance options for your small or medium business, then we can assist you to select the best option for your company’s needs. We can also provide resources and advice to help you navigate the current economy and assist you in preparing a plan for your company’s future.

For more information about Linked Finance and our services, visit our website or contact us today.

Why Loans with Linked Finance Can Help Your Business in Ireland

Linked Finance is Ireland’s leading P2P lending platform, we are connecting Irish businesses with lenders from all over the world.

We can offer loans of between €5,000 and up to €500,000 at very competitive rates, with flexible repayment options to suit your business.

Linked Finance loans can be used for a variety of purposes including:

  • Working capital
  • Refinancing
  • Expansion
  • Equipment purchases

If you’re interested in applying for a Linked Finance loan, you can use our online application to get started.

The Linked Finance team is also available to answer any questions you may have about our loan process or how we can help drive your business.
Let us help you get your business loan financed today

Arrange one of Ireland’s fastest loans today by calling 01 906 0300 or apply online.

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How to Get Small Business Loans in Ireland https://www.linkedfinance.com/blog/how-to-get-small-business-loans-in-ireland/ https://www.linkedfinance.com/blog/how-to-get-small-business-loans-in-ireland/#respond Fri, 13 May 2022 19:02:25 +0000 https://www.linkedfinance.com/blog/?p=6332 Do you want to get a loan for your small business in Ireland? Small business owners in Ireland may use banks and other financial institutions to get funding. The process of applying for a loan, on the other hand, might be complicated and time-consuming. We’ve put up this guide to assist you with navigating the […]

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Do you want to get a loan for your small business in Ireland?

Small business owners in Ireland may use banks and other financial institutions to get funding. The process of applying for a loan, on the other hand, might be complicated and time-consuming. We’ve put up this guide to assist you with navigating the procedure of obtaining a loan for your small company in Ireland. We’ll go through the many sorts of loans available, how to qualify for one, and what you need to do to get started.

What kind of loan can I get for a small business in Ireland?

Small companies in Ireland can apply for a variety of loans. The most frequent type of loan is a term loan, which is generally used for business expansion or development. Term loans are paid back over a set period, usually between one and five years.

A line of credit, also known as a revolving line of credit, is another popular lending option that may be utilized for working capital or other purposes. Lines of credit are typically repaid in less than one year, although they might be repaid over as long as five years.

How to Get a Small Business Loan in Ireland

Ireland is a beautiful country that offers great opportunities for those with the right ambition and drive. The finance sector of Ireland’s economy has developed similar to other developed countries in Europe, which means small business owners will need strong strategies plus excellent credit if they want to access loans or investment vehicles like venture capital firms.

Collateral worth protecting your hard work against financial risk should also be considered when securing any such agreements due diligence.

Find out how to get started looking for a loan:

If you’re ready to get started with your financing alternatives, we recommend that you contact a lender or financial institution like Linked Finance.com that can help find the best loan options for your growing business. You may also use our SME loan calculator which will show the average cost of funds so you can understand your affordability.

A lot goes into deciding whether it makes sense financially from both sides: interest rates  (APR), payments frequency, etc., and that’s something we can help you with as well.

What is the typical interest rate for a small company loan in Ireland?

Interest rates on business loans in Ireland are set by a variety of criteria, including the type of loan, the amount being borrowed, and the length of time repayments are required to be made. Interest rates may vary from 5% to 20%. Linked Finance generally charges between 6% and 16% for standard term loans and our new 12 month Merchant Cash Advance business loan starts at 4% up to 11%.

What are the terms for business loans in Ireland?

The terms under which a business loan in Ireland must be paid back differ depending on the kind of loan and the amount being borrowed. The majority of loans, however, have a repayment period of between one and five years. Linked Finance provides payment periods ranging from twelve months to five years.

The application process for business loans in Ireland should be simple:

Getting a  business loan in Ireland is not as straightforward a process than it may seem at first glance. Most lenders will require that you submit financial statements, and personal guarantees from yourself or someone else who can provide them with authority over your business’ finances if necessary and they’ll want more information on where those funds come from before approving anything! Luckily Linked Finance has made the entire thing much simpler: just fill out our quick online application form and with just 3 documents we can give you a credit decision. 

How Do You Apply for Your Small Business Loan?

For most traditional lenders you need to prepare a lot of documentation and prepare a business plan  to a The first step in applying for a business loan is to be clear in what you need Your strategy should include financial projections and details about your product or service, as well as descriptions of how you expect it will be profitable with target market reach- goals that can help secure funding from lenders who are looking forward to investing their money into companies they believe have promising futures! 

When contacting these individuals remember: always bring ready accessions such as tax returns if applicable; don’t forget this documentation at any time during interaction because chances may never arrive again once it’s been submitted

How difficult is it to obtain a small business loan?

Loan applications for business loans in Ireland can vary depending on the lender, but most will require you to submit your complete plan and finances. In Linked Finance we have a simple loan application process and look for the minimum amount of documents to support your loan application. We pride ourselves on a simple application process, fast loan decisions and fast drawdown so as a business owner you can get on with the business. Linked Finance loans are unsecured so they are not secured on the assets of your business however we do seek personal guarantees. 

Is it Possible to Obtain a Small Business Loan With Poor Credit?

At Linked Finance, we know that every person deserves access to finance. We review every application and understand that businesses have ups and downs, especially in recent years. We advise any Irish business if you want to apply for a business loan then go ahead and let the  lender present you with options. You may not get what you wanted originally but you could be approved for smaller amounts now and then can apply later on. 

Applying for business loans is free with most lenders. Anyone that applies with Linked Finance are not charged to apply and if they have all the relevant documents they can get a decision in 24 hours. 

How Does Linked Finance Help Business Owners?

There are several excellent firms available, but Linked Finance is recognized for being at the forefront of the field. We are Ireland’s largest P2P lending platform and have assisted over 3,000 businesses to date and funded over €190 million in funds. With a decision on your loan within 24 hours and a fast and simple online application procedure, we make it easier than ever to get what you need.

We also provide reasonable rates, with interest rates starting at 6%. There are no hidden costs or charges because we operate as a peer-to-peer system. So, if you’re searching for a business loan in Ireland, Linked Finance is a fantastic alternative to explore.

Contact Us Today!

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Obtaining a business Loan in Ireland https://www.linkedfinance.com/blog/obtaining-a-business-loan-in-ireland/ https://www.linkedfinance.com/blog/obtaining-a-business-loan-in-ireland/#respond Fri, 13 May 2022 17:08:38 +0000 https://www.linkedfinance.com/blog/?p=6250 Looking for loans for small businesses in Ireland? Banks and other financial institutions offer a wide range of options for small business owners seeking financing. However, the process of securing a loan can be complex and time-consuming. We’ve put together this guide to help you navigate the process of obtaining a loan for your small […]

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Looking for loans for small businesses in Ireland?

Banks and other financial institutions offer a wide range of options for small business owners seeking financing. However, the process of securing a loan can be complex and time-consuming.

We’ve put together this guide to help you navigate the process of obtaining a loan for your small business in Ireland. We’ll cover the different types of loans available, how to qualify for a loan, and what you need to do to get started.

What kind of loan can I get for a small business in Ireland?

There are several types of loans that small businesses in Ireland can apply for. The most common type of loan is a term loan, which is typically used for large purchases or investments. Term loans are repaid over a set period, usually between one and five years.

Another common type of loan is a cash advance, which can be used for working capital or other purposes. In March 2022 Linked Finance introduced a new source of finance called the  Merchant Cash Advance

 This new source of finance is perfect for businesses in Ireland that use credit/debit card machines or online payments. The key difference from a term loan is that the repayments are made daily via the credit/debit card machine instead of a large monthly payment.

Qualifying for a Business Loan In Ireland

To qualify for a loan, Ireland’s small businesses need a strong business plan and good credit. Businesses will also need to provide collateral, such as property or equipment, to secure the loan, particularly with traditional lenders. 

At Linked Finance it is much easier to qualify for a business loan. We just need 3 documents to review your application. To apply for a business loan with us we need

  • 12 Month Bank Statements
  • Tax Certificate
  • CRO Number

Don’t have bank statements? No problem! Linked Finance now use Open Banking which removes the need to send PDF copies of your bank statement

What is the interest rate for business loans in Ireland?

 The interest rate for business loans in Ireland will vary depending on the type of loan, the amount of money being borrowed, and the length of the loan. Interest rates can range up to 15%.  Linked Finance interest rates start at 6% for term loans and 4% for Merchant Cash Advance which is the cheapest in Ireland.

What are the repayment terms for business loans in Ireland?

The repayment terms for business loans in Ireland will also vary depending on the type of loan and the amount of money being borrowed. However, most loans have a repayment period of between one and five years.  Linked Finance offers repayment periods of 6 months to 5 years.

What is the application process for business loans in Ireland?

The application process for business loans in Ireland can vary depending on the lender. However, most lenders will require a complete business plan, financial statements, and personal guarantees from the borrowing business owner.  Linked Finance has a simple online application form that takes just 2 minutes to complete.

Applying for a Business Loan.

The first step in applying for a business loan is to develop a strong business plan. This plan should include financial projections for your business and a detailed description of your product or service. It should also describe your target market and how you plan to reach them. Once you have developed a strong business plan, you can begin contacting lenders to discuss your financing options. When you contact a lender, be sure to have all of the required paperwork, such as financial statements and tax returns, ready to go. The more prepared you are, the better your chances of securing financing.

How hard is it to get a company loan?

The difficulty of securing a company loan will vary depending on the type of loan, the amount of money being borrowed, and the length of the loan.  The application process for business loans in Ireland can vary depending on the lender. However, most lenders will require you to have your complete business plan, financial statements, and personal guarantees from the borrowing business owner.

Can You get a Business Loan in 24 Hrs?

At Linked Finance, we offer a fast and easy online application process. We aim to provide a decision on your loan within 24 hours of receiving your application. If you are approved for a loan, the money can be in your account within just a few days.

Can you obtain an unsecured business loan for a small business?

Unsecured business loans are typically reserved for established businesses with strong credit scores. However, at Linked Finance, we offer unsecured loans to small businesses. We understand that when you’re a small business, it can be difficult to access traditional financing forms. That’s why we offer unsecured loans. If you have a solid business plan and the ability to repay the loan, we will be able to help you get the financing you need.

Top 5 Things to Consider with a small business loan in Ireland

There are several things to consider when it comes to financing your venture. Here are the top 5 things to consider when taking out a loan for your small business:

  1. The amount of money you need to borrow: Start by determining how much money you need to borrow. This will help you narrow down your options and find a loan that best suits your needs.
  2. The type of loan you need: There are many different types of loans available, so it’s important to find one that best suits your needs. If you’re not sure what type of loan you need, our team can help guide you in the right direction.
  3. The repayment schedule: Make sure you are aware of the repayment schedule and terms before you agree to a loan. You don’t want to get stuck with a loan that has a high-interest rate or unrealistic repayment terms.
  4. The fees: Be sure to ask about any fees or charges associated with the loan. Some lenders may charge origination fees, prepayment penalties, or late payment fees.
  5. Your credit score: Your credit score will play a role in determining whether you qualify for a loan and what interest rate you will pay. If you have good credit, you may be able to qualify for a lower interest rate. However, if you have bad credit, you may still be able to qualify for a loan, but you may have to pay a higher interest rate.

Who are the best loan Companies in Ireland?

There are some great companies out there but Linked Finance is known for its leadership in the industry. We are Ireland’s leading P2P lending platform and have helped over 3,000 businesses to date.

We offer a fast and easy online application process with a decision on your loan within 24 hours. If you are approved for a loan, the money can be in your account within just a few days.

We also offer competitive rates, with interest rates starting at just 4%. And because we are a peer-to-peer platform, there are no hidden fees or charges. So, if you’re looking for a business loan in Ireland, Linked Finance is a great option to consider. To learn more call 01 906 0300.


Keep your business moving forward

With fast and flexible financing from Linked Finance.

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Introducing Merchant Cash Advance https://www.linkedfinance.com/blog/introducing-merchant-cash-advance-2022/ Fri, 25 Feb 2022 15:46:56 +0000 https://www.linkedfinance.com/blog/?p=5843 A Merchant Cash Advance is a flexible financing option that frees up your businesses’ future income and provides funding today. What does that mean exactly? With an advance, the business receives a lump sum which is repaid daily using a percentage of their credit and debit card sales.

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If you’re a business owner that accepts debit or credit cards, a Merchant Cash Advance may be a source of finance to consider.

The pandemic has given rise to an increase in cashless transactions made in-store and online. According to the Central Bank, the total value of payment transactions increased by 52% which amounted to €7.58 trillion, in 2020. As customer payment preferences continue to shift towards contactless, credit or debit card transactions, business owners should be aware of the financing options available to them.

What is a Merchant Cash Advance?

A Merchant Cash Advance is a flexible financing option that frees up your businesses’ future income and provides funding today. What does that mean exactly? With an advance, the business receives a lump sum which is repaid daily using a percentage of their credit and debit card sales. 

A Merchant Cash Advance differs from a Term Loan in 2 main ways:

  • A business borrows a lump sum of money and repays it as a percentage of card payment income. The volume of card payments and the amount of money the business makes are what qualify them for an advance
  • An advance adapts to a business’ cash flow patterns. As the business grows, they repay faster. During lulls, they repay slower

How are repayments calculated?

With a Merchant Cash Advance, the business receives a lump sum with repayments based on a percentage of their daily credit and debit card sales. Repayments are automated as they are taken at the source, which means the payment is sent directly to Linked Finance by your card terminal provider.

Merchant Cash Advance repayment schedule illustration

The flexible nature of a Merchant Cash Advance means it adapts to the growth and operating pattern of the business; as the company grows, repayments are faster, during lulls, payments are slower.

What can an advance be used for?

An advance can be used for a wide range of reasons to help a business grow, including:

Regular Cash Flow Icon | Linked Finance

regular cash flow

Purchase stock icon | Linked Finance

purchase of stock

Increasing staff count icon | Linked Finance

increasing staff count

Office Premise Expansion Icon | Linked Finance

office expansion

Digital upgrades icon | Linked Finance

digital upgrades

Purchase of equipment cart icon | Linked Finance

purchase of equipment

What are the benefits of a Merchant Cash Advance?

In addition to the flexible and unique repayment nature, a Merchant Cash Advance has various other benefits for a business owner which should be considered;

Flexible and scalable

Flexible and scalable

Get a decision within 24-hours. An advance is short-term financing that helps your
business without leaving you short on cash.

Quickly boost cash flow

Quickly boost cash flow

Get a decision within 24-hours. An advance is short-term financing that helps your
business without leaving you short on cash.

Minimal time and effort

Minimal time and effort

Daily repayments are made automatically. No remittance, no monthly transfers, so you can concentrate on running your business.

Hassle-free repayments

Hassle-free repayments

Never worry about missed repayments. Repayments are taken ‘at source’ which means they come out of your card sales before they go into your bank account.

What type of business does a Merchant Cash Advance suit?

An advance may suit a wide range of businesses that accept credit or debit cards as a form of payment for their goods or services, including:

  • Restaurants and takeaways
  • Ecommerce/online businesses
  • Retail stores
  • Pubs and bars
  • Hotels
  • Hairdressers and beauty salons
  • Gyms
  • Transport i.e. couriers
Office premise expansion

Seeing Linked Finance adding the Merchant Cash Advance product to their existing offering is excellent for businesses throughout Ireland. For Simplí Business Finance, we now have a lender offering more funding solutions under one roof to present to our clients. 

Adding Merchant Cash Advance to their offering supports the growing trend of cashless transactions from my clients’ end customers while reducing the headaches of balancing repayments. We are excited for the team at Linked Finance and looking forward to delivering more of their solutions to our clients.

Gary Grimes, Managing Director, Simplí Business Finance

Businesses have several financing options to help fund their growth. A Merchant Cash Advance is one of those options. An alternative funding option to a Term Loan, a Merchant Cash Advance best suits businesses that receive consistent credit or debit card payments.

An advance is also ideal for a business that needs funding promptly. Not all business expenses can wait for a lengthy loan application process with a traditional bank. With a credit decision in 24 hours and a fast drawdown, a Merchant Cash Advance from Linked Finance is a short-term financing option that may work for business owners.

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Linked Finance SME Confidence Index Q4 2021 https://www.linkedfinance.com/blog/linked-finance-sme-confidence-index-q4-2021/ Mon, 14 Feb 2022 17:32:03 +0000 https://www.linkedfinance.com/blog/?p=5561 The latest Linked Finance SME Confidence Index includes a focus on the difficult faced by SMEs in accessing credit, in light of the recent changes in the financial landscape in Ireland. Overall, there were positive indicators from the Index. The optimism score amongst Irish SMEs was 67.9 (up from 49.5 a year ago), close to the all-time high of 69.1 in Q3 2018.

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The latest Linked Finance SME Confidence Index highlights the difficulty for Irish SMEs in accessing credit as the traditional banking sector shrinks.

The Q4 2021 Linked Finance SME Confidence Index was released in February 2022.

Behaviours & Attitudes surveyed 354 SME business owners/Chief Executives across multiple sectors and counties to get their views on recent business results, projected employment levels, profit margins and expectations for the forthcoming year.

Key findings

Key Findings_Q4 '21_SME Confidence Index

Difficult in accessing credit

According to the latest figures from the latest quarterly Linked Finance SME Confidence Index, almost two-thirds (63%) of Irish SMEs are finding it difficult to access credit, creating a barrier to economic recovery. 

Even with increased support for Irish SME businesses throughout the pandemic via payment breaks and loan forbearance Irish SMEs still face difficulties in gaining access to fast and flexible working capital. SMEs were asked in light of the planned exits of Ulster Bank and KBC from the Irish market how easy or difficult did they expect it to be to borrow money in 2022: 22% of respondents said ‘very difficult’ and 41% ‘somewhat difficult’.

SME confidence

Despite concerns about the availability of credit, the latest Index showed Business Optimism at a level of 67.9 (out of 100), up from 49.5 a year ago, and close to the all-time high it reached of 69.1 in Q3 2018. The business outlook for SMEs is also good with 48% of companies expecting business next quarter will be higher (33% the same, 19% lower). 

Given the data was largely gathered prior to the Government’s further easing of restrictions on 21st January, a further improvement in sentiment is expected next quarter. SMEs have continued to adjust and adapt to the shocks felt throughout the pandemic, and as the economy reopened 39% of SMEs were already reporting higher business activity in Q4 2021, compared to 17% in the final quarter of 2020.

Price inflation

Price inflation remains a thorn in the side of the economic recovery. The Index found that the proportion of businesses looking to charge higher prices is at its highest level in ten years, with 31% of companies charging higher prices in Q4 2021. The findings are consistent with the most recent CSO consumer price index for December which showed an annual inflation rate of 5.5%, a 20-year high.

“Access to credit is the lifeblood of any fast-growing SME and the latest Index findings indicate that many businesses are facing challenges borrowing money. That’s come as the traditional banking sector is shrinking with the planned departure of Ulster Bank and KBC from the market. Our aim at Linked Finance is to break down barriers to growth by offering easy to access financing options with fast credit decisions and fast drawdowns.

We welcome the greater recognition from Government that there now is of the important role of alternative lenders, who help to maintain competition in the SME lending market. The CBI’s recent announcement of plans to introduce a regulatory framework for peer-to-peer lending is positive as it will provide long overdue reassurance for lenders and borrowers. 

The broader economic picture shown by the Index is positive, with business optimism returning to pre-pandemic levels and companies looking to hire new staff. The biggest red flag is around inflation pressure and the growing number of companies that are increasing prices and thereby contributing to the inflation rate being at its highest level in 20 years. SMEs facing higher costs understandably need to increase prices, but we must be careful to avoid a sustained upward price spiral.”

Niall O’Grady, CEO, Linked Finance

Research was conducted by Behaviours & Attitudes and reflects business performance in Quarter 4, 2021 and projections for Quarter 1, 2022. Fieldwork was conducted between 18th – 31st January 2022.

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Speeding up application times with open banking https://www.linkedfinance.com/blog/open-banking-speeds-up-application-times/ Thu, 20 Jan 2022 11:00:07 +0000 https://www.linkedfinance.com/blog/?p=5437 Open Banking was introduced as part of the Payment Services Directive 2 (PSD2). But what does it mean for businesses applying for loans? Leveraging Open Banking capabilities, Linked Finance now delivers an application process that is faster and easier than ever before.

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Open banking was introduced as part of the EU regulation, Payment Services Directive 2, but what does it mean for Irish SMEs applying for finance?

What is open banking?

As part of the EU regulation, Payment Services Directive 2 (PSD2), open banking was introduced in an effort to increase competition and choice for businesses, as well as consumers. As part of the regulation, customers can opt to share their transactional data with third parties, like Linked Finance.

What does it mean for my business?

Gone are the days where banks and financial institutions have control over your information and financial data. Thanks to open banking, that control sits with you.

Open banking allows you to share your business bank account information and transaction data with third parties such as Linked Finance. The hassle of locating, downloading and uploading bank statements as part of our loan application process is a thing of the past. With just a few clicks, you can now share your transactional data to support your application. You are always in control of what transactional data you choose to share with data shared safely and securely.

What are the benefits of linking my business bank account with my Linked Finance application?

Benefits of Open banking Infographic | Linked Finance

How does open banking work with my loan application?

Open banking is embedded into the Linked Finance application process to make it straightforward and hassle-free. Once logged into your Linked Finance account, follow the step-by-step instructions on the screen to be directed to your bank’s online banking system (your login credentials remain private at all times and never shared with Linked Finance.) Your bank will ask you to verify that it is you (usually through a notification to your mobile phone) and confirm that you are happy to give Linked Finance access to your data to assist your funding application.

Open banking - customer testimonial

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