If you are a SME that has suffered a loss arising from COVID-19 business disruption you are eligible to apply for a SCBI Guaranteed loan via AIB, BOI or UB. Loans are 80% guaranteed up to €500k and have a deferred interest payment option.

How We Can Help

Letter of engagement will need to be in place before work commences and 50% of our fees paid up front and 50% paid once the application has been submitted to the bank for processing.  It is important to note that we do not guarantee that the application will be successful.

The estimated fees to complete all the work below would be 5 days at €950 + vat per day (total €4,750 + vat), just on a time basis and there is a success fee of €2,500+vat for a successful drawdown. 

Information Requested by the Bank

This listing is probably on the higher end of requested information, but it is worthwhile collecting all information and having it to hand if requested.

As we have gone through this process with other clients we have first hand experience as a customer and professional adviser which is invaluable to assist clients in a successful application. Also WDA has direct relationships with UB, BOI and AIB Corporate Finance Teams, which we can refer clients onto, which can help the application process.

To discuss your eligibility and to discuss proceeding with an application please contact us 

Loan Information

The SBCI Covid-19  Working Capital Scheme is offered in partnership with the Department of Business Enterprise and Innovation, the Department of Agriculture Food and the Marine and is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.

The loans will be available through AIB, Bank of Ireland and Ulster Bank. Approval of loans are subject to the banks own credit policies and procedures. It should be noted that businesses cannot complete a loan application until they have received their eligibility letter from the SBCI.

If you wish to complete an application please download the Declaration form, sign where indicated and return a copy to us for inclusion in the application

We are fully contactable throughout the current crisis either via your Account Manager or by contacting us directly