Information and guidance
Other Sources of Finance guidance - LEO Limerick
Guidance from LEO Limerick on the Strategic Banking Corporation of Ireland's SME funding, explaining how flexible, lower-cost finance reaches SMEs through bank and non-bank on-lenders.
Key details
- Provider
- Local Enterprise Office Limerick
- Who it is for
- Established, Scaling, 1–9 people, 10–49 people, 50–249 people
- Where available
- Limerick
- Format
- Self-serve, Online
- Cost
- Not stated
- How to access it
- Apply through participating bank and non-bank on-lenders as described in the SBCI brochure
What this service helps with
SMEs need to understand alternative, non-grant sources of finance available through state-backed on-lenders.
About this support
LEO Limerick's Other Sources of Finance page explains the role of the Strategic Banking Corporation of Ireland (SBCI) in providing flexible, lower-cost funding for Irish SMEs. It describes how the SBCI passes lower-cost funding to financial institutions, which is then made available to SMEs through both bank and non-bank on-lenders, including leasing and invoice discounting providers, to create competition and choice. The page sets out the qualifying criteria for a business to access SBCI funding through on-lenders: fewer than 250 employees, annual turnover not exceeding €50 million or balance sheet total not exceeding €43 million, independent or part of a group that as a whole qualifies as an SME, less than 25% of capital or voting rights held by public bodies, and a significant presence in Ireland. A downloadable brochure and an FAQ link are provided for further detail.
Where it is available
Available in Limerick.
County Limerick
Eligibility
Fewer than 250 employees, turnover up to EUR 50 million or balance sheet up to EUR 43 million, independent SME with less than 25% public ownership and a significant presence in Ireland.
Eligibility is recorded from the provider’s own published information. Confirm the current conditions with the provider before applying.
Sectors
All sectors