Enterprise minister seeks approval for farm and small business loan scheme 

The loans are due to be administered by the pillar banks, with funds also having been secured from the European Investment Bank

Enterprise minister Peter Burke will seek approval from Cabinet for the €500m loan scheme, which is due to be rolled out for both SMEs and farm enterprises. File picture: Stephen Collins/Collins

Small businesses and farm enterprises will be able to access up to €3m in low cost loan finance, with the Government due to approve a new scheme on Wednesday.

Enterprise minister Peter Burke will seek approval from Cabinet for the €500m loan scheme, which is due to be rolled out for both SMEs and farm enterprises.