The team at BusinessLoans.ie are happy 2020 is coming to an end and we look forward to 2021 with great hope. Now that Brexit is looking settled and vaccines will be administered in the coming months, most businesses can plan for the future once more. This also means that lenders will be more receptive to supporting Irish business.

The alternative lenders were open for business throughout the pandemic but were mostly supporting businesses who were continuing to trade. While the government did a great job in assigning capital to SMEs many business owners found the banks whose job it was to release the funds didn’t approve them; or they felt they were getting the “slow no” with decisions not forthcoming in a timely fashion. Ultimately it led to a small percentage of available funds getting drawn down. This in turn led to extensions of some government-backed lending schemes. BusinessLoans.ie were able to help a wide variety of businesses during this time; from retailers in need of cash flow to uniform suppliers pivoting from hotel trade to frontline workers.

Looking forward to 2021 the alternative lenders will be broadening their scope of industries they can support after the harsh level 5 lockdowns ease and the population gets vaccinated. In early 2021 working capital facilities, invoice finance, asset finance etc. will be business as usual and we look forward to getting your quotes organised. We’re available over the holiday period if you’re making your plans now. Send us a message or call us 7 days on 01 55 636 55.