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Other support and resources
Central Bank – www.centralbank.ie
Chambers Ireland – www.chambers.ie
Credit Review Office – www.creditreview.ie
Department of Jobs, Enterprise and Innovation - www.djei.ie
Insolvency Service of Ireland - www.isi.gov.ie
Irish Business and Employers Confederation (IBEC) – www.ibec.ie
Irish Small and Medium Enterprises Association (ISME) – www.isme.ie
Microfinance Ireland - www.microfinanceireland.ie
Revenue Commissioners – www.revenue.ie
Small Firms Association – www.sfa.ie
Where we decline a request for credit, we will advise you directly, giving you a clear reason for our decision and making every effort to work with you to find an alternative solution.
In the event that we are unable to find an alternative solution, you may be eligible for a Microfinance Ireland loan.
Microfinance Ireland, an initiative set-up by the Irish Government under the Action Plan for Jobs, offers loans from €2,000 up-to €25,000 to both newly established and growing micro-enterprises (less than €2million turnover and fewer than 10 employees). Businesses across many industry sectors are eligible to apply for a number of purposes such as start-up costs, stock, working capital and capital expenditure.
In the first instance, you should approach your bank for credit. In the event that credit is declined, AIB can refer your contact details to Microfinance Ireland for a potential loan application with your permission.
As well as AIB, Microfinance Ireland also works with a number of application partners. Both Local Enterprise Offices and Local Development Companies can offer pre-application training and guidance in preparing loan applications for Microfinance Ireland funding. Post-application mentoring can also be availed of for new and existing businesses at no cost to approved Microfinance Ireland clients.
For more information on Microfinance Ireland you can ask a member of the AIB SME team or alternatively visit Microfinance Ireland’s website here.