Private investors open a door to new flexible funding for SMEs

Small firms are availing of a range of new alternative funding options as confidence builds in the local economy

Paul O'Donovan (centre) with members of staff at accountants Paul O'Donovan and Associates, Cork. Picture: Gerard McCarthy

Private equity investment options and a range of new alternative funding sources are offering SMEs a choice of viable routes back to business growth.

Many SMEs have also been quick to avail of the State's various schemes to help sustain business through the Covid-19 pandemic. These various funding lifelines are being seized by SMEs, as was clear at the recent Paul O'Donovan & Associates (POD&A) virtual annual conference.