Merrion Fleet is dedicated to supporting the SME sector and that’s why we have partnered with the SBCI to assist Irish businesses to access finance at a more competitive rate of interest. Merrion Fleet can provide funding for your fleet of passenger or light commercial vehicles at a reduced cost. We can supply this funding for vehicles of up to €1.25 million for up to 60 months*. This will mean more competitive funding against other forms of finance.
The Strategic Banking Corporation of Ireland (SBCI) is a state-backed agency, established to assist funding to small and medium enterprises in Ireland. It was formally launched by the Minister for Finance, Michael Noonan, TD on 31st October 2014.
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Irish businesses who match the following criteria are eligible for funding through the SBCI:
Finance of up to €1.25 million is available for the leasing of vehicles and contract hire products from Merrion Fleet Management.
SBCI loans are available to most SME's. The criteria for an SME to meet are as follows:
Merrion Fleet Management specialise in leasing of passenger and light commercial vehicles. Qualifying SME's can use SBCI funding for the lease/contract hire of vehicles from Merrion Fleet Management.
SBCI finance is provided at a competitive rate which is less the current retail banking rates.
Merrion Fleet aim to respond to all applications within 48 hours with an initial guide response.
Merrion Fleet will need to review each application in detail before a funding decision can be reached.
The full process of approval should take no more than 72 hours.
Applicants are reminded that in order to complete the credit review process we will need to share the applicant's information with the SBCI.
SBCI funding is available for a maximum of 60 months or the duration of the lease/contract hire period. The maximum funding amount is €1.25 million.