Fexco boosts SME loan kitty by €40m

Finance Minister Paschal Donohoe on a visit to Fexco RDI Hub in Killorglin, Co Kerry. 

Kerry-based financial services company Fexco has announced an additional €40m in SME loan availability.

The money will be lent through Fexco Asset Finance’s SME lending partnership with the State’s Strategic Banking Corporation of Ireland. The partnership has already lent €100m to SMEs since 2016, with the SBCI saying nearly 43,000 Irish SMEs are benefitting from funding which it supports.