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Government launches further Covid-19 grants and loans for SMEs


Government launches further Covid-19 grants and loans for SMEs
Image: © Ahmed Salah/Stock.adobe.com
Linked Finance has received a further €5m to lend to SMEs while the Small Business Assistance Scheme opens its second round.
Start-ups and SMEs have more options for Covid-19 support funding with further funds given to lender Linked Finance and the grant scheme for smaller businesses opening its second round.
Linked Finance, the peer-to-peer lender, has been awarded an additional €5m by the government under the Covid-19 Credit Guarantee Scheme (CCGS). This brings Linked Finance’s total under the scheme to €15m.
The start-up, which is the first non-bank lender in CCGS, facilitates loans to small businesses, with €10m in loans issued under the scheme to date. It is launching a new 13-month loan product for the hospitality sector which re-opened its doors this month. ....

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