What Is The Ukraine Credit Guarantee Scheme? - Capital Credit Union
Capital Credit Union

What Is The Ukraine Credit Guarantee Scheme?

What Is The Ukraine Credit Guarantee Scheme?

Capital Credit Union is delighted to confirm its participation in the Ukraine Credit Guarantee Scheme (UCGS).

Capital Credit Union has a long history of engaging with local businesses and the UCGS has been set-up to help Irish businesses struggling with rising costs or supply chain issues posed by the Russian invasion of Ukraine.

We are aiming to grow our business loans to keep money in the local community. By participating in this scheme, wen can offer very competitive interest rates and a range of products to local businesses.

How It Works

Businesses can apply for low-cost loans up to €400,000 at very competitive interest rates that will be partially guaranteed by the Irish Government. SMEs, with fewer than 250 employees and with an annual turnover not exceeding €50 million and/or an annual balance sheet total not exceeding €43 million can apply for the scheme provided it is both established and operating in the Republic of Ireland.

Also, to apply for a loan from Capital Credit Union, the business must be linked with our catchment area. This means the business could have a physical address or registered addresses or have Directors based in the catchment area.

Find Out More

Take the first step towards financial stability for your business and get your eligibility code from SBCI today, or, get in touch with Capital Credit Union directly on (01) 299 0400.