The provision of funding for these funding facilities is being made under the De Minimis regulations which permit the provision of State Aid.
SMEs may avail of De Minimis State Aid provided it does not exceed €200,000 in any 3-year period. In the case of certain facilities, State Aid may arise by virtue of the discounted interest rate received by the SME on SBCI facilities, and if so, the SME will be advised. It is important to note that the Aid is not the amount of the funding required.
The provision of funding for the De Minimis product is being made under the SBCI Scheme; full details available at http://sbci.gov.ie/
It is important to be aware that, as part of the application process, Bibby Financial Services is obliged to share any information provided in connection with SBCI funding applications with the SBCI, primarily for the purposes of determining eligibility for the SBCI Scheme.
It may also be shared with the SBCI’s funders (which includes the European Investment Bank, Kredietanstalt für Wiederaufbau and the Ireland Strategic Investment Fund). This will be done with regard to data protection legislation obligations, and full details are provided on our application form. If you decide to proceed with this application you consent to the transfer and use of your information in this manner. The SBCI may also correspond directly with you from time to time. Eligibility criteria, terms and conditions apply.