Credit guarantee scheme

The Credit Guarantee Scheme facilitates €450m of additional bank lending over 3 years to viable micro, small and medium enterprises to help them obtain the working capital and investment that they need. The Government provides the lender with a 75% guarantee for which the borrower pays a 2% premium. Target companies are those lacking adequate security for a normal commercial loan, or where bank understanding of the specialised aspects of the business environment in which they operate is limited.

http://www.djei.ie/press/2012/20120411.htm

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