SME Loans Ireland | What to Look For

Posted by on 31st May 2022


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.

Business Loans but Different

A Better Way to Borrow for Your Business

Linked Finance connects great local businesses who need loans with thousands of individual lenders. This is about using technology to bring business lending back to basics; real people with savings lending to great local businesses at attractive interest rates. Businesses get the funds they need to grow, lenders make a fair return. Everybody wins!

If you need a loan to grow your business, talk to Linked Finance

  • You get a same-day credit decision.
  • You can borrow up to €500,000.
  • No early repayment penalties.
  • A friendly, no-hassle approach.
  • Promote your business.
  • Win new customers as part of the process.

 

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