Two more financial support schemes extended

Government has announced two more financial support schemes for businesses are being extended.

The Coronavirus Business Disruption Loan Guarantee and Working Capital Loan Arrangements will now run until June 30.

Both provide overdraft and term loans to businesses who required additional working capital support outside of that available through traditional bank terms.

Disruption Loan Guarantee Arrangements (DLGA) are currently provided through Conister Bank, Lloyds Bank, Barclays Bank, HSBC and RBS International.

Meanwhile, the Working Capital Loan Arrangements are offered through Conister Bank and Santander International and is a safety net for those who can't access working capital via their banks or do not qualify for assistance via the DLGA.

Applications for either of the initiatives should be made through one of the participating banks - details on eligibilty are available via the links below:

Disruption Loan Guarantee Agreement

Working Capital Loan Arrangement