Linked Finance approved as a lender for Covid Credit Guarantee Scheme

Linked Finance has been approved as a lender under the Government’s Covid-19 Credit Guarantee Scheme (CGS).

The €2bn CGS is designed to offer low-cost loans for businesses affected by the pandemic.

Linked Finance will be able to offer borrowers decisions on loans of up to €250,000 in under 24 hours from receiving their documents, according to a statement from the company.

The peer-to-peer (P2P) lending platform is the first non-bank lender to be approved under the CGS.

“We are very pleased that the Government has approved Linked Finance as a Covid-19 Credit Guarantee Scheme lender, recognising the innovation and high levels of technical underwriting skill that we provide to Irish businesses,” said Niall Dorrian, CEO of Linked Finance.

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Source: Linked Finance approved as a lender for Covid Credit Guarantee Scheme – Independent.ie