436. Deputy Éamon Ó Cuív asked the Minister for Business, Enterprise and Innovation the reason State guaranteed loans for working capital during the Covid-19 pandemic are being charged at over 4% interest when funding can be borrowed by the banks and the State at nominal interest rates; if consideration has been given to reducing these rates in the interest of stimulating and assisting business through this difficult time; the reason for the high rates of interest; and if she will make a statement on the matter. [11245/20]

Summary

436. Deputy Éamon Ó Cuív asked the Minister for Business, Enterprise and Innovation the reason State guaranteed loans for working capital during the Covid-19 pandemic are being charged at over 4% interest when funding can be borrowed by the banks and the State at nominal interest rates; if consideration has been given to reducing these rates in the interest of stimulating and assisting business through this difficult time; the reason for the high rates of interest; and if she will make a statement on the matter. [11245/20]

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• Covid-19 Pandemic Supports

  xml · EN · 16 June 2020

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