Niall Dorrian

Linked Finance launches 'Beyond Brexit' business loans

P2P lending platform Linked Finance has launched a new 'Beyond Brexit' business loan for Irish SMEs.

The new 18-month loan period will allow borrowers to access working capital facilities of up to €300,000 (approximately £265,194) in just 24 hours.

Irish SMEs will be able to spread large annually recurring costs over a longer repayment period than the typical 11- or 12-month facilities usually on offer.

Linked Finance’s new business loans are considered to be useful for Irish businesses which want to acquire additional stock in advance of 31st October.

“Many of the businesses we work with are putting additional working capital in place now,” said Niall Dorrian, CEO at Linked Finance (pictured above).

“The logic being that it’s easier to access credit today before any Brexit-related challenges have taken their toll on cash flow.

“With the UK political situation changing day by day, Irish businesses will continue to hope for the best, but would be prudent to prepare for the worst.”

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