Briefly, there are 3 options.
Borrow
Either from Bank, or Microfinance Ireland (via Local Enterprise Offices). Do you want to add to your overhead in uncertain times? How confident are you with your business model? If so, this will work for you.
Grants/Non
repayable help – this means engaging with your Local Enterprise Office (<10 Employees) or Enterprise Ireland (>10 Employees). You can get grants to pay a specialist to help re-start your business, Online trading Voucher (YOU MUST DO THIS!), and the Rates Rebate of up to €10,000 subject to Terms and Conditions.
Tough it Out – Hold On
I told you to apply for the Trading Online Voucher – This can be used for refreshing your website (should be done every 2-3 years, add appointment-making (even if Zoom or telephone), put in a Bill Payment service, anything that will help boost your business. Lets face it, nothing is perfect.
Talk to us (we have years of experience of dealing with these issues), talk to your Local Enterprise Office, just do not hide. Our way of life will change for a while and we can battle on in the meantime.
Read also this blog Navigating Financial Challenges During Extraordinary Times
