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Linked Finance hits €300m milestone in lending to SMEs

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Business,Smes,Linked Finance

Non-bank lender Linked Finance said today that it recently passed the milestone of lending over €300m since its launch in 2013.

More than 4,200 SMEs have received funds from Linked Finance since 2013 as it continues to play a vital role in driving economic growth and empowering SMEs nationwide.

Linked Finance said today that it has noted a significant growth in loan sizes, with the average loan size increasing from €18,000 in 2013 to €115,000 this year. Through this partnership, Linked Finance will lend €50m to SMEs across Ireland at discounted rates allowing eligible customers affected by the economic consequences of the conflict in Ukraine access to unsecured loans of up to €250,000, at a discount of 20%.

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