Our Twitter Page Our Facebook Page Site Logo
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

The Creel Restaurant

Cafe-Deli-Catering at the Quay in Westport.

The Creel specialises in good honest homecooked food with a friendly welcome!

We prepare hearty hot lunches and dinners daily, bake our own cakes & desserts, brown bread & scones on the premises, and a daily soup as well as our special seafood chowder. Our coffees are roasted by Greenbean, a dedicated roaster who source their beans directly. We also provide a Deli in the cafe with fresh Salads, our own preserves, pestos chutneys etc and a range of fresh Smoothies. If You require catering for any event give us a shout and we will be able to accommodate you.

Open 7 days a week from 9am to 7pm.

Business Listing

 

Updates by Month

Click a year to expand/contract

Westport Chamber of Commerce ©

Admin