Funding for SME's in the Mullingar Area
A new funding initiative has been launched to help small and medium enterprises (SME’s) in the Mullingar Area.
LinkedFinance facilitates person to person lending also known as crowd funding, they aim to give struggling SME’s in the Mullingar and surrounding area a chance to access finance outside the traditional banking sector.
Businesses with two years good trading accounts can generate between €5,000 and €50,000.
The funds are generated from the public such as customers, employees or business associates wishing to invest their savings.Loans are generally 36 months and unlike the traditional banking sector there are no penalties incurred for paying the loan in full before the term ends.