Niall Dorrian and Joe McGinley

Linked Finance launches 'deferred start loan' for businesses impacted by Covid-19



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Linked Finance has launched a 15-month loan for businesses affected by the Covid-19 crisis to borrow up to €100,000 (approximately £92,356).

The loan repayments are due in 12 monthly instalments after the first three months.

The first loan has already been issued.

The deferred start loan is aimed at businesses who need working capital at a time of reduced cashflow.

Last week, Linked Finance applied a two-month blanket payment break to all its loans across the hospitality sector — such as restaurants, bars, pubs and hotel trades — with repayment flexibility applied to existing loans for businesses in other sectors.

Niall Dorrian, chief executive at Linked finance (pictured above, left), stated that it was an extremely difficult time for many Irish SMEs, but there was financial support available that could be accessed quickly and easily.

“The new deferred start loan we have launched allows companies access to much needed capital, while being able to delay repayment of interest and principal for the first three months.

“This is part of a package of measures Linked Finance has introduced to support businesses … who are facing unprecedented challenges due to coronavirus.”

Also pictured above: Joe McGinley

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