SME Business Loans & Agri Loans – from 4.75% (Typical APR 4.85%)

The success of your business or farm is as important to us as it is to you. Local business and farms provides local incomes which are good for everyone in the community.

We now offer unsecured loans up to €80,000 and secured loans up to €300,000.

  • To avail of a Business or Agri Loan, the purpose of the loan must be non-personal, and must be for a business, trade, profession or farming purpose. 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 a Business or Agri Loan, you must call in to one of our offices. It is not possible to apply using our online system.

SME BUSINESS LOAN

Business Secured Loan: 4.75% Variable Interest Rate (4.85% APR)

Maximum loan amount is €300,000; Minimum loan amount is €50,000. Maximum loan term is the lesser of:

  1. 20 years
  2. the normal retirement age of the principal business operator
  3. 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.

Business Unsecured Loan: 6.50% Variable Interest Rate (6.70% APR)

Maximum loan amount is €80,000 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.

AGRI LOANS

Agri Secured Loan: 4.75% Variable Interest Rate (4.85% APR).

Maximum loan amount is €300,000; Minimum loan amount is €50,000. Maximum loan term is the lesser of:

  1. 20 years
  2. the normal retirement age of the principal business operator
  3. 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.

Agri Unsecured Loan: 6.50% Variable Interest Rate (6.70% APR).

Maximum loan amount is €80,000 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 & AGRI LOAN BROCHURE

⇒ Standard Information Booklet for Small and Medium Business (SME) Lending

⇒ Information Booklet for SME’s facing Financial Difficulty

Secured Loan Representative Example:

An Agri secured loan of €150,000 over 15 years would have 180 monthly repayments of €1,166.80 per month. Total cost of credit €60,018.74. Total amount repayable; €210,018.74.

LOAN CALCULATOR

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.