Government to push through €2bn credit guarantee scheme next week

Irish Times | Jul 14, 2020 at 8:00 AM
  • This will involve the State guaranteeing up to 80 per cent of low-cost loans for small businesses affected by the pandemic.
  • To qualify for the cheap loan scheme, businesses must have fewer than 500 employees.
  • Under EU state aid rules, the scheme is initially time bound and runs only until the end of December, while no individual loan can extend past 2026.