10% Variable – 10.47% APR
A loan to an individual for purposes related to their trade, business or profession will be considered a business loan. Looking to buy a new vehicle, equipment etc, talk to us today about your loan requirements. The max amount we can lend for business purposes is €50,000 over 10 years.
To assess a business loan application the following supporting documentation is required:
- Two years financial accounts (the most recent available)
- The most recent Revenue chapter 4 self assessment
- The most recent Form 11
- 3-6 months bank statements
- 2 payslips, if in receipt of same
- Evidence of any non-business related income
- Tax Clearance Certificate / letter from your accountant confirming tax affairs are up to date
- For amounts greater than €25,000 a business plan must be provided, including projections for 3 years
- Any other supporting documentation which may assist in your loan application, including evidence of loan purpose
*A comprehensive business plan should include at a minimum:
- Executive summary
- A company description
- Market analysis
- Current sector/market position
- Staffing and operations
- Financial projections including:
- Key assumptions
- Profit and loss accounts
- Balance sheet, and,
- Cash flow projections for 3 years