Fexco Asset Finance chief executive Michael O’Halloran said its involvement in the scheme is “a milestone in our ongoing collaboration with SBCI”. The two entities have previously collaborated on initiatives including a scheme to allow SMEs borrow at a lower cost for specialist equipment and vehicles under SBCI’s leasing and hire purchase scheme.
“We want to play a much bigger role and become a leader in the global green economy,” he said. “The SME sector remains a vital element to our economy and will play a crucial role in helping the country achieve its climate goals.”Minister for Finance Michael McGrath welcomed Fexco’s decision to join the scheme as an on-lending partner. Against the backdrop of soaring energy prices, Mr McGrath said the loan scheme can help businesses “enhance their competitiveness” and reduce costs.
mmcgrathtd Will the irish people be bailing them out in the future?