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PwC’s 11th Global Family Business Survey

Friday, 05 May 2023

PwC’s Family Business Survey 2023 comes at a time of great change. The optimism of a post-covid world has been sorely tested by the geopolitical

 

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A guide to family business succession planning

Friday, 11 February 2022

Succession planning is one of the most sensitive issues, and COVID-19 appears to have concentrated minds in this area.   Topics such as

 

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Tánaiste and Minister Donohoe launch new €90m fund for Irish start-ups

Thursday, 10 February 2022

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD and the Minister for Finance, Paschal Donohoe TD launched a new

 

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1. PREPARE Business Plan: 
Prepare your business plan. Get help from a professional advisor, accountant or from a Government Agency. Looking for one? go to our Advisor locator map: http://www.familybusiness.ie/professional-advisors 
 
 
 
 
2. ENSURE it is ROBUST:
Ensure it demonstrates viability or capacity to repay the loan over a given period. Use a standard business plan template. These are widely available online. Include all back up
documentation and any third party validation. 
 
 
 
 
 
3. FORMAL Written Application:
Make a formal written application to your bank using a standard application form.
 
 
 
 
 
4. Application APPROVED by bank?
 
Yes? - CREDIT GRANTED
 
 
No? - Ask your bank to put you forward for the Credit Guarantee Scheme. For futher info. visit www.djei.ie/enterprise/smes/creditguarantee.htm 
Alternatively, apply for Microfinance Ireland Scheme. For further information visit www.microfinanceireland.ie 
 
 
 
 
 
5. Internal APPEAL:  
Seek an internal appeal within pillar banks and Ulster Bank. If unsuccessful: For pillar bank application less than €500k made by SME's, see step 6.
 
 
 
 
 
6. Independent REVIEW: 
Seek an independent review by the Credit Review Office www.creditreview.ie 
 
 
 
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