Representative Example:
| Loan Amount | Repayment Term | APR | Monthly Instalment | Total Interest to Pay | Total amount repayable |
|---|---|---|---|---|---|
| €25,000 | 60 months | 7.5% | €500.95 | €5,057.00 | €30,057.00 |
*(The figures shown are for illustrative purposes only. Borrow only what you need and can comfortably afford to repay.)
These examples are for illustration only. They are not an offer of credit. Actual rates, repayments and total cost will depend on the applicant's circumstances, loan amount, term and lender assessment.
Small business loans provide required capital to new and existing businesses for various purposes. These may include working capital, stock, equipment or expansion.
At GoBigBucks, you can borrow an amount ranging from €5,000–€500,000 with flexible terms and no collateral needed. You can apply online and provide the information required to assess your application.
We usually consider your revenue, credit profile, and cash flow to determine your qualification and loan term. Most online business loans are unsecured. This means you do not need to pledge assets.
Whether you run an established firm or are searching for business funding for a start-up, you can check your options online.
Choosing business finance is one of your crucial decisions. You can make this easier by submitting an online application. It will help you explore your options without consuming time visiting branches.
Here are the benefits of choosing online loans for small business owners:
You need to follow these steps online to get quick small business loans:
Step 01. Decide how much you need
Analyse how much funding your business requires and what the purpose will be of using the funds.
Step 02. Complete the online application
Your next step is to complete the online application by entering your personal and business information precisely.
Step 03. Provide supporting information
We may ask you to provide bank statements, financial information or additional documents. However, it depends on individual circumstances.
Step 04. Application assessment
We will quickly assess your application and information against the relevant lending criteria.
Step 05. Review your offer
Once you get the loan quote from us, review it by checking the interest rate, repayment schedule, fees and total amount to repay carefully.
Step 06. Receive your funds
Once you accept the offer and its terms, we transfer the funds to your bank account based on the agreed terms.
Different lenders have different eligibility requirements. It largely depends on the type of finance you are applying for. Online lenders have simpler criteria than banks or credit unions.
Here are the basic qualifying requirements:
We may also require additional information for start-up business loans. These can be business registration details, information regarding business income and expenses, and the purpose of the loan.
Meeting the eligibility criteria does not guarantee approval. We review every application according to the prescribed lending and affordability criteria.
A small business loan in Ireland can be helpful in managing a variety of legitimate business expenses.
Generally, you can use business finance for these purposes, but your circumstances and the lender’s criteria determine it.
What your business needs are also determine the right loan amount and the term to repay according to your capacity.
The amount to borrow depends on your business circumstances, financial information, repayment capacity, and the lender's norms.
GoBigBucks offers a range of business loan options that may start at €5,000+, subject to assessment.
You should consider your business's actual needs rather than borrowing the full amount. Moreover, check if repayments fit within your budget.
Still, online lenders may offer competitive amounts based on your revenue and credit profile:
| Types of Business | Possible Loan Amount Range |
|---|---|
| Start-ups | €5,000–€50,000 |
| New businesses (6+ months trading history) | €10,000–€100,000 |
| Established SMEs | €25,000–€500,000+ |
| E-commerce companies | Up to €20 million through revenue-based financing |
Use our calculator to estimate repayments before applying and aim for low-interest small business loans.
Different types of business finance favour different circumstances. Which option suits your business the most depends on the purpose, business profile, credit record and the lender’s requirements.
| Finance option | How it works | Common use |
|---|---|---|
| Business Term Loan | Receive a lump sum and repayments in scheduled instalments. | Expansion, equipment and larger investments |
| Working Capital Finance | It provides funds to help manage regular business requirements. | Cash flow, suppliers and operating expenses |
| Asset Finance | Finance is provided after being secured with a business asset or equipment. | Machinery, vehicles and equipment |
| Invoice Finance | This option allows eligible businesses to access funds against outstanding invoices. | Managing slow customer payments |
| Merchant Cash Advance | You can get funds linked to your business’s future card sales and repayments. | Businesses with regular card transactions |
Are you not sure which option looks beneficial for your business? First, assess how much you need and why you require a loan. Thereafter, plan for the ideal repayment schedule.
Yes, new businesses can get small loans in Ireland through online lenders. They can qualify if they primarily have 3-6 months of trading history and steady revenue.
Before applying, consider these to improve your chances of getting a loan to start a small business:
No lender can guarantee approval. However, preparing your application properly can make the process smoother.
We deliver the fastest, most flexible funding, making us the best place to get a small business loan. Many business owners have already benefited from our online loans.
Ready to explore your small business loan options?