Fexco Asset Finance has become the fourth participant in the Energy Efficiency Loan Scheme, operated by the Strategic Banking Corporation of Ireland (SBCI).
The scheme provides low cost loan guarantees to small firms, farmers and fishers through a range of options, such as term loans, hire purchase and asset finance products.
They have to be investing the funding in energy efficient equipment that will improve their sustainability and lower their energy costs.
The scheme provides finance of between €10,000 and €150,000 with reduced interest rates and terms for repayment of up to a decade.
The sorts of equipment includes heating and cooling systems, LED lighting, EV charging points, commercial appliances and lighting control systems.
“This is a milestone in our ongoing collaboration with the SBCI and reflects our commitment to continue to support the development of the Small to Medium Enterprise sector,” said Fexco Asset Finance CEO, Mike O’Halloran.
“This aligns with Fexco Group’s own sustainability and renewable energy ambitions to help in Ireland’s energy transition.”
SBCI welcomed the latest provider to the scheme, alongside existing partners AIB, Bank of Ireland and Capitalflow.
“Stimulating climate-friendly investment, supporting sustainability and the transition to a net zero economy is a key priority for the SBCI,” said SBCI CEO, June Butler.
