Small Business Loans in Ireland: Your Options Explained

Small businesses in Ireland have more ways to borrow than many owners realise. The best option depends on how much you need, how long your business has been trading and how quickly you need the money. Here is a plain overview of the main sources.

Most businesses start with the bank they already use. Banks can offer competitive rates to established businesses with good accounts, but decisions can take weeks. If a participating bank turns you down, you can ask the Credit Review Office to look at the decision again.

Many credit unions lend to local businesses and sole traders. They can suit smaller amounts and businesses with a strong local link. Each credit union sets its own limits and criteria.

Microfinance Ireland provides smaller loans to start-ups and micro-enterprises that find it hard to borrow elsewhere. Your Local Enterprise Office can help with applications and point you to grants, training and other supports.

The Strategic Banking Corporation of Ireland (SBCI) works through lending partners to offer loans under specific schemes, often on favourable terms. Eligibility depends on the scheme, so check what is currently available.

Non-bank lenders specialise in lending to businesses and focus on speed: an online application, a quick review of your accounts and bank statements, and a decision in days rather than weeks. They can suit businesses that need money quickly or whose bank cannot help in time. Compare them in more detail in bank vs non-bank business loans.

Flurish lends to Irish limited companies from €15,000 to €250,000, over 3 to 48 months, with no upfront fees and a decision within 24 hours.

See our business loans in Ireland or start your application.