SME Business Loans – from 5.25% (Typical APR 5.38%)
The success of your business is as important to us as it is to you. Local businesses provides local 
incomes which are good for everyone in the community.
We now offer unsecured loans up to €75,000 and secured loans up to €300,000.
- To avail of a Business Loan, the purpose of the loan must be non-personal, and must be for a business, trade or profession purpose. SME Business Loans are not available for buy to let property purchase.
- Click on the headings below for more information.
- Business plans are required for loan requests greater than €25,000.
To apply for any of our SME Business Loans, you must call in to one of our offices. Alternatively, for further information or to arrange an appointment please email loans@fccu.ie.
SME BUSINESS UNSECURED LOAN
Business Unsecured Loan: 6.55% Variable Interest Rate (6.75% APR)
Maximum loan amount is €75,000 depending on the loan purpose. Loan terms based on the main loan purposes are:
| Vehicle Purpose: | 5 Years, or asset remaining life, whichever is the lesser. |
| Machinery: | 7 Years, or asset remaining life, whichever is the lesser. |
| Annual Expense or Overhead: | 12 Months. |
| Working Capital: | 3 Years. |
| Premises Expenditure: | 10 Years, or less dependent on scope of work. |
| Property Purchase: | 10 Years maximum. |
| Production Investment: | 3 Years. |
| Re-Finance of Existing Debt**: | Lesser of 5 years or term of the debt being refinanced. |
| Other: | 5 Years, or less depending on the loan purpose. |
**Debt refinance facilities are available for performing loans with another institution, rather than non-performing loans.
SME BUSINESS SECURED LOAN
Business Secured Loan: 5.25% Variable Interest Rate (5.38% APR)
Maximum loan amount is €300,000; Minimum loan amount is €50,000. Maximum loan term is the lesser of:
- 20 years
- the normal retirement age of the principal business operator
- a term appropriate to the loan purpose*
*Examples of loan purpose/appropriate loan term:
| Land or Property Purchase | 15 to 20 years, or less, depending on the useful life of the asset. |
| Construction of trading property | 15 years, or less, depending on the useful life of the asset. |
Loan Purpose:
- Finance towards the purchase or acquisition costs (including Capital Acquisitions Tax) of a trading property or trading fixed asset.
- Finance towards the upgrade, renovation or construction of a trading property or trading fixed asset.
Secured Loan Representative Example:
An SME Business secured loan of €150,000 over 15 years would have 180 monthly repayments of €1,205.90 per month. Total cost of credit €67,054.05. Total amount repayable; €217,054.05.
Ukraine Credit Guarantee Scheme (UCGS)
We are an approved lender for the Ukraine Credit Guarantee Scheme (UCGS). The UCGS is offered by the Department of Enterprise, Trade and Employment (DETE) to provide viable SMEs including primary producers, impacted by economic challenges arising from the conflict in Ukraine with access to low-cost finance.For more info, click the button below.
Warning: Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
Warning: The cost of your repayments may increase.