
SBCI Partnership
The Covid-19 Credit Guarantee Scheme (Covid-19 CGS) is made available by the Department of Enterprise, Trade and Employment (DETE) and operated by the Strategic Banking Corporation of Ireland (SBCI), further details can be found on the SBCI Website
Key Features
The Scheme is aimed at helping businesses that have experienced an adverse impact of a minimum of 15% in actual or projected turnover or profit, due to the impact of COVID-19
A Guarantee for a percentage of the loan is provided for facilities from €10,000 to €1 million. Total facilities may not exceed €1 million
Eligible funding under the Scheme includes Equipment and Machinery Hire Purchase, Leasing and Refinance
No additional security will be required for loans of up to €250,000 outside of the normal criteria of Capitalflow’s Asset Finance products
The maximum amount you can borrow is based on: 25% of your total 2019 business turnover; or double your annual wage bill for 2019
Capitalflow will provide a blended discount rate of 15% off normal rates quoted. This discount rate will be detailed in your loan documentation on signing. Rates ranging from 4% to 10% depending on product, sector and risk, in addition as part of the approval and qualification for the Scheme.
Who Can Apply
To apply for a COVID 19 Credit Guarantee Scheme funding, you must be one of the following:
- has fewer than 10 employees
- has a turnover and/or balance sheet of €2 million or less
- has fewer than 250 employees
- has a turnover of €50 million or less (or €43 million or less on their balance sheet)
- is independent and autonomous i.e. not part of a wider group of enterprises
- has less than 25% of their capital held by public bodies
- is established and operating in the Republic of Ireland
- is not an SME
- has fewer than 500 employees.
- A person who is engaged in primary production which is the production, rearing or growing of primary products including harvesting, milking and farmed animal production prior to slaughter. It also includes hunting and fishing and the harvesting of wild products.
Frequently Asked Questions
Covid 19 Credit Guarantee Scheme
Lower Cost Funding for Irish Business
with support from the Dept of Enterprise, Trade and Employment (DETE)
and the Department of Agriculture, Food and the Marine (DAFM)

