Asset Finance
The SBCI Energy Efficiency Loan Scheme (EELS) supports qualifying viable Irish businesses, including farmers and fishers, by providing access to affordable long-term finance, enabling them to invest in the energy efficiency upgrade of their enterprise.
Sustainable Funding
The SBCI Energy Efficiency Loan Scheme (EELS) supports eligible SMEs to invest in the energy efficiency of their enterprises.
Assets listed on the Sustainable Energy Authority of Ireland (SEAI) “Triple E Register for Products” are deemed eligible energy efficiency assets that may be financed under EELS, except for electric vehicles (EVs).
Scheme Features
Finance is available from €10,000 to a maximum of €150,000 per borrower (finance amounts are dependent on aid intensity and State Aid thresholds).
Finance terms of 1 year up to 10 years (Finance terms are dependent on the purpose of the loan).
Finance may be secured only by the asset being funded. Personal guarantees are not permitted security.
Finance may only be used for the purposes of upgrading the energy efficiency of the enterprise. To be eligible for inclusion, the asset to be financed must be listed on the SEAI “Triple E Register for Products”.
Allowable Finance types include term loans, hire purchase and asset finance products.
For an expanded list of Scheme Criteria, please check the SBCI website https://sbci.gov.ie/
Eligibility
To be eligible for finance, applicants must meet EELS’ Eligibility Criteria and the energy efficiency asset must be listed on the SEAI “Triple E Register for Products”.
Please note that while included on the “Triple E Register for Products”, electric vehicles (EVs) are not eligible assets for funding under this scheme. However, EVs charging points are eligible for funding.
For an expanded list of Eligibility Criteria, please check the SBCI website.
You must first submit an Eligibility Application Form to the SBCI to check if you are eligible for EELS. If the SBCI determines that you are eligible, you will be notified in writing and will be supplied with an eligibility reference number (eligibility code) directly from the SBCI.
You must then provide this eligibility confirmation letter/code to Fexco Asset Finance Limited by email at fexcoassetfinance@fexco.com .
Please also include the following to begin your credit application process:
The SBCI eligibility letter/code is not a guarantee of credit approval and does not oblige Fexco Asset Finance Limited to provide finance.
Approval of finance is subject to Fexco Asset Finance Limited own credit criteria, policies and procedures.
Our experienced team understand the needs of businesses both large and small and we are available to discuss the various flexible funding solutions on offer from Fexco Asset Finance. We know that asset finance has the power and flexibility to release the locked in value that your business needs to keep moving.
