Facilities of up to €1,000,000 are available subject to eligibility criteria.
Under the rules of the scheme as set out by the Department of Enterprise, Trade and Employment (DETE), the facility amount you are seeking cannot exceed the scheme limit and will be determined by the higher of the criteria below:
- 25% of your turnover in 2019, or
- Double your annual wage bill in 2019 or the last year available
Your wage bill should include social charges as well as the cost of personnel working on site but formally in the payroll of subcontractors. For businesses set up after 1 January 2019, the loan cannot be more than the estimated annual wage bill for the first two years in operation.
You can take out more than one facility, subject to the overall CCGS limits per provider and your capacity to repay.