At permanent tsb we always strive to do more and to actively support businesses in the community to grow, develop and improve. That’s why we are partnering with the Strategic Banking Corporation of Ireland (SBCI) to provide the SBCI Future Growth Loan Scheme (FGLS). The support provided by the SBCI enables longer repayment terms, lower interest rates and fewer security requirements. We have also introduced online applications for SBCI Future Growth Loans to reduce paperwork and response times.

Application Steps:

Step 1: Carefully read the information on this page

Step 2: Obtain confirmation of eligibility from the SBCI

Step 3: Gather the supporting documents listed under the Applications section

Step 4: Apply through our online portal 

Step 5: A member of our team will contact you to complete the process.

The SBCI Future Growth Loan Scheme has been fully subscribed and is no longer available.  Our Business Banking Team are here to help if you would like to discuss other borrowing options available, please make an appointment by calling 0818 200 100.


You must confirm your eligibility for the FGLS through the SBCI website before you apply for a loan. You will need to submit this confirmation with your loan application.

The FGLS is open to sole traders, partnerships and companies whose businesses are established and operating in Ireland. Loans are available for most long-term investments and to businesses operating in most industry sectors but 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 Loans are available in amounts between €25,000 and €3million repayable between 7 and 10 years. Collateral security will not be sought for loans up to €500,000 but may be required for higher loan 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 and above.

An initial interest-only period may be offered for up to 2 years at the sole discretion of the Bank, subject to lending criteria and clear rationale for the request.

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.


The benefits of the SBCI Future Growth Loans to borrowers include:

  • Long-term investment capital with fewer security requirements
  • Longer repayment periods and lower interest rates than standard business loans
  • Reduced need for personal guarantees
  • Online applications reduce paperwork and enable faster decisions
  • Applications assessed by specialist business lenders
  • Interest-only periods reduce burden during early investment stages


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 FGLS is available for a limited period or until fully subscribed. Other 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 also apply.

The SBCI Future Growth Loan Scheme has been fully subscribed and is no longer available.  Our Business Banking Team are here to help if you would like to discuss other borrowing options available, please make an appointment by calling 0818 200 100.

What Happens Next?

If your loan is approved, we will issue a credit facility agreement for your acceptance and we will contact you to arrange account opening. If your loan is not approved, we will provide our reasons and your options to appeal. At an account opening meeting, we will collect the required documents, including an accepted facility agreement and new/updated Mandate for Banking Services. Please bear in mind that we must obtain evidence of identity and address for new account holders, authorised signatories and internet users. If you are borrowing as a partnership, we will require a copy of your Partnership Agreement. For companies, we will require the company Constitution and Certificate of Incorporation, together with lists of directors and beneficial owners. In some cases, additional information may also be required.

Important Information

The Future Growth Loans Scheme is offered by the Strategic Banking Corporation of Ireland with the support of the Department of Enterprise, Trade and Employment, 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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