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SME loan scheme opens to assist with impact of Covid-19

Ireland business
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www.rte.ie
rte.ie:

Irish businesses will be able to apply to participating banks for loans covered by the Government's €2bn credit guarantee scheme from today.

The scheme will allow small and medium-sized firms to borrow up to €1m, with 80% of the loan guaranteed by the State. It aims to help businesses, including in the farming and fishing sectors, deal effectively with the economic fallout from Covid-19.

However, some business leaders have questioned the appetite among small and medium-sized enterprises for taking on debt that they may feel they will not be in a position to pay back.

The scheme will be the biggest ever State-backed loan guarantee in Ireland. "The Government is determined to help businesses as they operate in a fundamentally changed trading

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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