| dc.date.accessioned | 2021-03-04T11:43:58Z | |
| dc.date.available | 2021-03-04T11:43:58Z | |
| dc.date.issued | 2019-11 | |
| dc.identifier.citation | Strategic Banking Corporation of Ireland, '3rd quarter report of 2019 to the Minister for Business, Enterprise and Innovation detailing the analysis and performance of the SME Credit Guarantee Scheme at 30th September 2019', [report], Department of Business, Enterprise and Innovation, 2019-11 | en |
| dc.description | The Credit Guarantee Scheme ("CGS") provides a State guarantee through the Department
of Business, Enterprise & Innovation (the “Department”) to accredited Lenders (Allied Irish
Banks, Bank of Ireland and Ulster Bank Ireland) of 80 per cent on eligible loans or
Performance Bonds to viable Micro, Small and Medium-sized Enterprises ("SMEs"). The
Guarantee is paid by the State (the “Guarantor”) to the Lender on the unrecovered
outstanding principal balance on a Scheme Facility in the event of a Borrower defaulting on
the Scheme Facility repayments.
The purpose of the Scheme is to encourage additional lending to SMEs, not to substitute for
conventional lending. SMEs are thus enabled to develop a positive track record with the
Lender with the objective of returning to standard commercial credit facilities in time. It will
also place Irish SMEs on a competitive level-footing relative to other trading competitors
who are able to avail of a guarantee in their own countries. | en |
| dc.language.iso | en | en |
| dc.publisher | Department of Business, Enterprise and Innovation | en |
| dc.rights | Y | en |
| dc.subject | SME Credit Guarantee Scheme | en |
| dc.title | 3rd quarter report of 2019 to the Minister for Business, Enterprise and Innovation detailing the analysis and performance of the SME Credit Guarantee Scheme at 30th September 2019 | en |
| dc.type | report | en |
| dc.type.supercollection | edepositireland | |
| dc.contributor.corporatename | Strategic Banking Corporation of Ireland | en |
| dc.publisher.place | IE | en |
| dc.rights.ecaccessrights | openAccess | |
| dc.identifier.uri | http://hdl.handle.net/2262/95532 | |
