State-run split mortgages urged by home loan body
The Irish Mortgage Holders’ Organisation wants the Government to introduce a State-sponsored split mortgage that would allow local authorities to supplement the payments made by home owners in loan arrears and in danger of having their properties repossessed. It also wants a mortgage-to-lease scheme to replace the mortgage-to-rent one that has failed to gain traction and it has proposed changes to the insolvency regime. These reforms were proposed by the IMHO to Government in
US equity giant will now lend direct to Irish SMEs
The world's biggest private equity firm is ready to lend to Irish businesses as it moves to fill a gap in the market left by Ireland's shrinking banks. The Irish Independent understands that New York-based Blackstone Group is open for business to provide financing to SMEs in Ireland. Read more: Independent.ie #IrishSMEs #Business #Loans
Change in Microfinance loans requirement a positive for small businesses
Changes have been made to allow entrepreneurs avail of loans form a government initiative aimed at providing funding to smaller businesses. The changes follow a review of Microfinance Ireland (MFI), which provides loans of up to €25,000 to businesses who employ 10 people or less and who are not able to access credit from traditional sources like banks. Read more: Independent.ie #Loans #Business #Microfinance #Entrepreneurs
