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Seven credit unions have been signed up to make business loans of up to €1m each under the State-underwritten Credit Guarantee Scheme.

Tánaiste welcomes Credit Union participation in COVID-19 Credit Guarantee Scheme more options for Irish SMEs and primary producers The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD today (Thursday 14 January) announced the participation of Metamo Credit Unions and three non-bank lenders: Linked Finance, CapitalFlow and Finance Ireland, in the government’s €2 billion COVID-19 Credit Guarantee Scheme. The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland. The Scheme offers an 80% Government guarantee to participating...

Tánaiste Welcomes Credit Union Participation in COVID-19 Credit Guarantee Scheme The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D.  today (Thursday, 14th of January) announced the participation of Metamo Credit Unions and three non-bank lenders: Linked Finance, CapitalFlow and Finance Ireland, in the Government’s €2 billion COVID-19 Credit Guarantee Scheme. The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland.  The Scheme offers an 80% Government guarantee to participating lenders to provide Irish businesses, including ...

Linked Finance added to Ireland’s Covid-19 Credit Guarantee Scheme By Oliver Smith on Wednesday 6 January 2021 Image source: Niall Dorrian/Linked Finance. Ireland’s largest peer-to-peer lending platform, Linked Finance, has been added to the country’s Covid-19 Credit Guarantee Scheme (CCGS) to support small businesses. The CCGS offers low-cost working capital loans to SMEs with an 80 per cent government guarantee against lender losses. With AIB, Bank of Ireland and Ulster Bank currently providing CCGS, Linked Finance has become the first “non-bank” lender to be added to the scheme. ...