If you are setting up a business or are in operation for less than 18 months, our Start-up Loan is available to help you get your business up and running. If you are a Sole Trader, setting up a Partnership or a Limited Company from any business sector, you are eligible to apply.
There are no fees or hidden charges on Start-Up Loans from Microfinance Ireland. Fixed repayments gives you peace of mind and lets you plan your finance commitments during the important early stage of your business.
- Loans from €5,000 – €25,000
- Supports the set-up and early stage phase of a new business up to 18 months
- 3 year max term
- First 3 months – Interest Only payments
- No fees/no hidden costs /fixed repayments
- Free Mentoring – up to 5 sessions
Once your Start-Up loan is approved, we can also provide you with invaluable mentoring support from an experienced business mentor on the Local Enterprise Office (LEO) Mentor Panel. Mentoring is a vital extra support tool to help your business, particularly in the early stages.
You will need to complete and/or submit the following documents to apply for this Microfinance Ireland Loan:
6 Months Bank Statements
Both personal and business, if available.