At permanent tsb we strive to always do more and are actively supporting businesses in the community with the development, growth and improvement of their business. That’s why we are partnering with the Strategic Banking Corporation of Ireland (SBCI) and providing businesses with access to the SBCI Future Growth Loan Scheme (FGLS). Loans approved under the FGLS are 80% guaranteed by the SBCI and enable longer repayment terms and lower interest rates.  They also reduce the need for eligible customers to provide collateral security where it may have previously been required.

We are also providing this product to SMEs online only, which in the current COVID-19 environment should make it easier for SMEs to apply and also support more efficient and faster decisions.


The SBCI Future Growth Loan is available to SMEs. Eligibility must be confirmed by the SBCI prior to applying for your loan. If the SBCI determines that you are eligible, you will then be notified and supplied with an eligibility code. Once you have this, you must provide this eligibility confirmation to us when applying for a loan.

Loan applicants may be individuals, groups or companies, and the business must be established and operating in Ireland. Loans are available to businesses operating in most industry sectors, and are available for most investment needs, including intangible assets. They are not available to undertakings in difficulty, e.g. bankruptcy or administration.

Visit SBCI Future Growth Loan Scheme for more information about the scheme.

Key Features

SBCI Future Growth Loan is available in amounts between €25,000 and €3million. The loans are repayable over 7 to 10 years and eligible loans will be secured by an 80% guarantee from the SBCI. Additional security may be required for loans of €500,000 or above and personal guarantees will only be sought for specific purposes or restricted amounts.

Please see below representative examples:

Loan Size

Interest Rate

Monthly repayment


Cost of Credit




8 Years





8 Years


For loans less than €250,000, a variable interest rate of 4.44% will apply. For loans of €250,000 and above, a variable interest rate of 3.44% will apply

Applicants must submit a business plan for loans of €250,000 or over.

An initial interest-only period may be permitted for up to 2 years. A full payment break may also be permitted during the life of a loan for periods up to 6 months. Interest-only periods and payment break periods may be offered at the discretion of the Bank and subject to lending criteria. A clear rationale will be required for any such requests.

Warning: The cost of your repayments may increase.

Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.


SBCI Future Growth Loans have a number of benefits for customers. These include:

  • Help fund long-term investment needs. Security requirements are largely covered by the 80% SBCI Guarantee.
  • The guarantee enables longer repayment periods than standard term loans and enables lower interest rates than a standard business loan.
  • There is a reduced need to provide personal guarantees where previously required.
  • Applying online allows easy exchange of information in a more efficient manner.
  • Applications will be assessed by a specialist team of business lenders. This provides a central point of contact for any application queries.
  • Interest-only periods can help during the early stages of an investment.
  • Payment breaks can help manage temporary disruption to cash flows.


If you are interested in applying for this product, please review the following before you apply:

Please obtain SBCI approval before applying and ensure you have read and prepared the below list of the documents you will be required to upload as part of your application.

  • 3 Years Financial Accounts (Audited/Certified)
  • 6 months Business Bank Statements (non-Permanent tsb account holders)
  • 6 months Personal Bank Statements for Sole Traders/Partners/Guarantors (non-Permanent tsb account holders)
  • Confirmation that all tax affairs are up to date and in order and that there are no financial arrangements in place with the Revenue Commissioners
  • Business plan(Mandatory for loans of €250,000 or over) Click here for some information on what is in a business plan
  • SBCI Eligibility Certificate

The SBCI Future Growth Loan Scheme is available for a limited period or until fully subscribed. Alternative business lending products are outlined in our Guide to SME Banking. Loans are subject to SBCI eligibility criteria, including State Aid restrictions. Lending criteria, terms and conditions will also apply.

Apply now

What Happens Next?

If your loan is approved a member of the team from your home branch (or if you are a new to bank customer then the branch closest to you) will contact you and arrange an appointment for you to accept the credit facility agreement and complete a Mandate for Banking Services if required. If you are a new to bank customer then you must also provide evidence of identity and address at this stage, which must also be provided for any authorised signatories and internet users. If you are trading under a different name, you must provide a Certificate of Business Name Registration. For partnerships, a copy of the partnership agreement is required. For limited companies, the Certificate of Incorporation and Company Constitution is required, together with a list of directors and beneficial owners. In certain cases additional information may be required.

Important Information

The Strategic Banking Corporation of Ireland (SBCI) Scheme is offered by the SBCI with the support of the Department of Business Enterprise and Innovation, the Department of Agriculture Food and the Marine, the European Investment Bank and the European Investment Fund. It benefits from a guarantee from the EU under the European Fund for Strategic Investments (EFSI).

Permanent tsb will use the personal data you provide online to process your application, create your loan account and manage your loan account. The online application form is hosted by our cloud service provider who is based in the European Economic Area. The borrower name and other details relating to the loan will also be disclosed to the Strategic Banking Corporation of Ireland (SBCI) for validation and reporting purposes.  For more information on how we use your personal data, your rights in relation to your personal data, and the contact details of our Data Protection Officer, please see our Data Protection Notice.

For information on how the SBCI handles personal data, including information about your data protection rights (in respect of the SBCI) and the contact details of the SBCI’s data protection officer, please refer to the SBCI’s data protection notice.

If you have any queries about this product, please refer to our Frequently Asked Questions. For other queries, please call 0818 200 100 or (01) 215 1363, lines are open from 8am to 8pm Monday to Friday (excluding bank holidays), and from 10am to 5pm Saturdays and Sundays.

Frequently asked questions

If you have any other queries about this product please see our full list of frequently asked questions

Guide to SME Banking

Information about business banking products and services, including required documents

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