Future Growth Loan Scheme (ROI)
The Future Growth Loan Scheme provides long term funding for SMEs and small mid-cap enterprises.
With a Future Growth Loan from Close Brothers you could borrow up to €3m on top of your finance facility, to fund long term investments such as business expansion, investment in property, machinery or equipment, R&D or people and systems.
What is the SBCI Future Growth Loan Scheme?
The Future Growth Loan Scheme is a long-term loan (7-10 years) that is offered by Close Brothers in partnership with the Strategic Banking Corporation of Ireland (SBCI), with the support of the Department of Enterprise, Trade and Employment, the Department of Agriculture, Food and the Marine, the European Investment Bank and the European Investment Fund (EIF).
The loan scheme is available to new and existing borrowers, subject to eligibility and satisfaction of lending criteria.
- Loan amount of between €25,000 and €3,000,000
- Initial maximum loan interest rate of 4.5% per annum for loans < €250,000, and 3.5% for loans > = €250,000. Variable interest rates are subject to change
- Terms from 7 to 10 years
- Loans unsecured up to €500,000
- Optional interest-only repayments may be available at the start of the loans, subject to credit approval