Senator Timmy Dooley has welcomed a further Government low-cost loan scheme to help SMEs access low-cost finance as they recover from the impacts of the pandemic.Ā
The Clare Senator said, āThis COVID-19 state-backed loan scheme is aimed at helping businesses to get back on their feet after the impacts of the pandemic.
āThis scheme will allow SMEs across Clare to access low-cost finance on loans of between ā¬25,000 and up to ā¬1,500,000, with terms of one to six years and unsecured up to ā¬500,000.
āTo this point, State-backed loan schemes have aided more than 10ā000 SMEs to access low-cost credit.
āSMEs are a vital part of the economy across Clare and employ large numbers of people across the county.
āThis scheme will be open to farmers and fishers and I urge any eligible Clare businesses to make use of the scheme where needed.ā