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About Our Business Loans

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

To apply for a Business Loan, you must be a member of Kilrush Credit Union.  If you are not already a member, go to the membership page on our website for eligibility criteria or call into your nearest credit union office.

Alternatively, if you are already a member  and would like to find out more about our Business Loan, the documents required, the application process or to get started with an application simply make an appointment with the Business Loans Officer at Kilrush Credit Union.


Typical timelines for application assessment:

From the time the application and supporting material are supplied to the Credit Union it will take 5-10 working days to receive a decision.  A member of our team will contact you to advise you of that decision.

Security Policies

Security may be required. Types of security which may be required include the following:

  • A pledge of your shares
  • Guarantor

The type and level of security required will be reasonable and will depend on the level of credit being sought, the term of the credit agreement and the overall level of risk which applies to the credit facility. The level of security sought will have regard to the nature, type and value of the security offered.

We will provide you (and any potential guarantor) with a written explanation of why the security is required and the consequences for you (and the guarantor) of providing such security.


Credit History Implications of a Refusal

A refusal of a loan application by the credit union will not adversely affect your credit rating.

Find out what you can afford to borrow

Loan Calculator

Features of Business Loan

Kilrush Credit Union has established the Business Loan to provide a flexible and convenient source of credit for those looking to set-up or expand their existing small business.

No Stress

We don’t want you to worry, so we’ll be here to answers all your concerns.

We Get Personal

With us you are more than just a number. It’s about more than just your credit history.

No Fees or Charges

Banks charge you fees to use your account. We don’t. Nothing. Zilch. Zero.

Reducing Interest

The more you pay off the less interest you pay. Nice!

Business Loan - Eligibility

You don’t need to be an existing member and can join and apply for a loan straight away.  No two cases are the same and each loan application will be looked at on its own merits.  However, some general guidelines about the criteria for loan assessment are as follows:


Your ability to repay the loan.

History & Credit Check

Your previous lending history and your credit check with the CCR.


Are you saving regularly?

Not a member of Kilrush Credit Union?

Become a Member

Warning: All loans subject to a variable interest rate and we may change the interest rate, subject to prior notice in writing. This means the cost of your monthly repayments may increase or decrease.

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