Kilkenny businesses urged to to sign up for new €2 billion loan scheme
Kilkenny’s small and medium sized businesses are being encouraged to sign up to new €2 billion Covid-19 low-cost loan scheme.
The Government’s new Covid-19 Credit Guarantee Scheme (CGS) will make low cost loans available to businesses across Kilkenny city and county impacted by the Coronovirus pandemic.
The scheme aims to provide liquidity for business and get money flowing through the economy again.
Local Fine Gael TD Paul Phelan said: “This Scheme will be the largest credit guarantee scheme for businesses in the history of the State.
“It will ensure that SMEs, primary producers and small Mid-Caps in Kilkenny can access liquidity to keep their businesses operating, as our economy continues to re-open and more and more people get back to work. It will be available for a wide range of products including overdrafts, term loans and working capital.
“The legislation is expected to go through the Oireachtas next week, allowing for its swift enactment. The changes being made to this scheme will bring our offering into line with similar schemes across Europe,” Deputy Phelan (pictured below) added.