Our Twitter Page Our Facebook Page Site Logo

Updates by Month

Click a year to expand/contract

February 19th, 2015 @ 11:06

SBCI Funding Good News for SMEs and Good News for Lending Market

Chambers Ireland has today (19/02/15) welcomed the announcement that Strategic Banking Corporation of Ireland (SBCI) loans will shortly be available through AIB and Bank of Ireland.

Speaking this morning, Mark O’Mahoney, Director of Policy and Communications, Chambers Ireland said “The launch of this new source of loans is good news for Irish business. SMEs can now access lower cost, longer term loans for a wide variety of purposes. Irish SMEs have long been paying more for bank financing than their European counterparts and the SBCI will allow a broad spectrum of SMEs to borrow at an appropriate cost.”

“Aside from the lower cost of funding, there are two elements of this scheme that are particularly welcome for the Irish marketplace. The first is that the SBCI will attract new entrants to the marketplace as on-lenders which will drive healthy competition. The second is the potential for innovative new non-bank financing models to be supported by the SBCI platform,” he concluded.

Categories: Business News | General

Site Search

Featured Member

Truck Science

Truck Science is a business set up to simplify the world of vehicle configuration, performance and costing while still keeping you in control of your business.

TruckScience is a unique, integrated system of software which has been developed specifically for the Commercial Vehicle Industry. The software makes it easy for those in the industry to make the right choices for their business, by helping them to configure their vehicles correctly, benchmark vehicle performance and assess the true cost of ownership.

Customers are central to everything Truckscience do and their focus is on giving you the information you need to make informed decisions about your business, and to make those decisions as easy as possible. They are ready to help any customer in any way they can, ensuring that you get the best from TruckScience at every step of the way.

Business Listing

Westport Chamber of Commerce ©

Admin