ISME: Scheme should help 'marginal cases'

The Irish Small & Medium Enterprises Association has welcomed the establishment of the long-awaited government sponsored Credit Guarantee Scheme for businesses with less collateral available than required by the "now over-cautious rescued" banks.

The announcement by the Minister for Jobs, Enterprise and Innovation of the scheme will ensure that SMEs can now successfully apply for bank credit, where recently the banks were unable to issue loans due to their lack of expertise and risk-averse policies.