Fexco Asset Finance has signed on as an on-lender for the Energy Efficiency Loan Scheme run by the Strategic Banking Corporation of Ireland (SBCI).
The scheme is aimed at SMEs and farmers who wish to invest in energy-efficient equipment to reduce energy costs and enhance their sustainability.
Eligible investments include solar panels, heating and cooling systems, LED lighting, EV charging points, commercial appliances, and lighting control systems.
EELS offers loan amounts from €10,000 to €150,000 at reduced interest rates and with repayment terms of up to 10 years.
Credit is available across a range of different finance products such as term loans, hire purchase and asset finance products.
In Association with
SBCI CEO June Butler said Fexco Asset Finance is the fourth on-lender to join the scheme.
“Stimulating climate-friendly investment, supporting sustainability and the transition to a net zero economy is a key priority for the SBCI,” she stated.
“The scheme aims to help Irish businesses become more energy efficient, innovative, and sustainable while reducing their carbon emissions and energy bills.”
Fexco Asset Finance CEO Mike O’Halloran said joining the scheme “aligns with Fexco’s own sustainability and renewable energy ambitions to help in Ireland’s energy transition”.
“We want to play a much bigger role and become a leader in the global green economy,” he added.
Finance minister Michael McGrath commented that businesses that avail of the EELS can enhance their competitiveness, address their energy costs, and boost their reputation in meeting customers’ sustainability expectations.
“I urge businesses to continue to avail of investment opportunities that this scheme creates,” he said.
Term loan credit is available across a range of finance products to ensure the best match for businesses’ funding requirements.
Borrowers who wish to avail of the EELS first apply to the SBCI before progressing their application with Fexco or another scheme on-lender.
Photo: Finance minister Michael McGrath with Mike O'Halloran, right, Fexco Assest Finance, Sean Crowe, left, Fexco, June Butler, SBCI, and Neil Hosty, CEO Fexco. (Pic: Valerie O'Sullivan
