New €30m lending fund for SMEs announced

Strategic Banking Corporation of Ireland and business lender Bibby Financial Services said funding would provide invoice finance facilities to more Irish SMEs

Mark O’Rourke, managing director of Bibby Financial Services Ireland, with finance minister Paschal Donohoe, and Colin Moran, head of lending at the Strategic Banking Corporation of Ireland

The State’s Strategic Banking Corporation of Ireland (SBCI) and business lender Bibby Financial Services Ireland have announced a new €30m fund to help small- and medium-sized enterprises (SMEs) to help manage their cashflows.

This funding will allow Bibby Financial Services to provide invoice finance facilities to more Irish SMEs.