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Farmers and small businesses can apply for low-cost loans to help with impact of Brexit

Oct 15, 2021 07:22 By News Northern Sound
Farmers and small businesses can apply for low-cost loans to help with impact of Brexit
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The scheme is also available to eligible businesses who wish to re-finance an existing loan.

Farmers, small businesses and the fishing industry can apply for low-cost loans to help them deal with the impact of Brexit.

The new government-backed scheme allows businesses to apply for loans of between €25,000 to €1.5 million, and can be repaid in a term of up to six years.

The scheme is also available to eligible businesses who wish to re-finance an existing loan, to take advantage of the scheme's interest rates ranging from 2.75 percent to 3.7 percent.

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Tanaiste and Minister for Enterprise Leo Varadkar, says the new scheme is aimed at supporting Irish businesses:

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