Guide to help SMEs rebuild bank link

THE Government has launched a 17-page guide it claims will help small firms access credit and rebuild relationships with the banks.

Minister for Enterprise, Trade and Innovation, Batt O’Keeffe said the guide — entitled ‘Your Business, Your Bank’ and compiled by the Credit Supply Clearing Group — will “bring clarity to the challenges facing viable small businesses and help them to get credit to protect and create jobs.”

“The guide outlines various funding options open to businesses, provides an insight into what banks are looking for when examining credit applications, imparts information on credit pricing and reveals practical tips on how to package credit applications,” the minister said.