Small Businesses are an integral part of our community; the credit union understands the significant variation both within and across the business sector. With this in mind St. Colmcilles (Kells) Credit Union has ventured into the market of providing SME Loans to existing businesses and sole traders. SME Income and expenditure vary through the year; therefore our SME Loans are structured to meet the financial needs of individual businesses.

Currently our loans are over 5 or 10 years with the flexible option of weekly/monthly or quarterly repayments. Interest is calculated on a reducing balance basis, therefore the quicker you pay your loan the less interest you pay. This loan is insured in the event of death at no extra cost to the member. Terms and conditions apply.

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Loan Calculator

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APR 11.00%

APR 11.00%

Repayment Summary*:

Weekly

Total

Interest

Fortnightly

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Interest

Monthly

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Interest

∗Terms & Conditions Apply. All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

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Loan Enquiry

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What We Require From You
1

Business Loan <€25k

  • Certificate of Incorporation, if the applicant is a Limited Company
  • Most recent audited/certified financial statement, as applicable
  • Most recent Tax Clearance Certificate, and a copy of Form 11 Summary Statement, as applicable
  • Latest 6 months’ business bank account statements
  • Most recent management accounts, since date of the last set of certified accounts (if applicable)
  • Current aged debtors, creditors and stock listings ( if appliable)
2

Business Loan €25k+

  • Please provide the previous information (1 – 6)
  • 3 year Business Plan
  • 3 years Financial Projections
  • For more information, please contact the office
3

Identification

  • Photo ID – Drivers Licence/Passport
  • Proof of Address – Utility Bill, Bank Statement dated within the last 6 months
  • Proof of PPSN – Medical Card, Payslip, P60
Lending criteria

Annual Loan Review

  • We offer all our business loans an annual review of their loan to ensure there are no further requirements or assistance required. This meeting can be waivered if no further assistance is required.

Ability to Repay

  • It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.

Free Loan Protection Insurance*

  • *Provided by the Credit Union to Eligible Members.
How to apply

How To Apply

If you are an existing registered member you can come in to any of our offices or call us and we can discuss your needs and proceed with your loan application. If you're not a member, why not join today?

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If you would like more information on applying for a loan with St. Colmcille’s Kells Credit Union please contact us today.

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