The amount of credit that can be obtained by borrowers under the scheme (whether under one or more finance agreements) is subject to the scheme rules and the Temporary Crisis Framework.
The maximum amount of credit per borrower under the scheme cannot exceed €1 million, and will in most circumstances be determined by one of the following two criteria:
15% of the borrower’s average total annual turnover over the last three accounting periods; OR
50% of the borrower’s energy costs over the 12 months preceding the month when the application for credit is submitted.
In limited cases applicants may be able to borrow to fund their anticipated liquidity needs for 12 months.
Finance providers may require borrowers to provide them with certain evidence before deciding whether, and under what conditions, they might grant them a loan. These requirements vary but are likely to include Management/Audited accounts/Business Plan.