To apply for the Government Credit Guarantee Scheme you must be a viable micro, small or medium sized enterprise (SME) – as defined by the Standard EU definition [Commission Regulation 2003/361/EC]:
- has fewer than 250 employees
- has a turnover of €50 million or less (or €43 million or less on their balance sheet)
- is independent and autonomous i.e. not part of a wider group of enterprises
- has less than 25% of their capital held by public bodies
- is established and operating in the Republic of Ireland