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BoI sets up new €250m fund for small companies

Monday, 1 December 2008

Bank of Ireland has announced a new €250m Business Support Fund to assist small and medium-sized companies looking for capital in the current economic crisis.

The bank says the fund is aimed at providing firms with finance to support their short to medium-term needs.

It is open to new and existing customers and loans will have a variable interest rate of 7.5%.

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