Perry Calls On Businesses To Contact The Credit Review Office If Refused Access

Minister for Small Business, John Perry T.D., has today asked businesses who are having difficulty, or have been refused, access to credit to contact the Credit Review Office (CRO) to have their case examined.

Minister Perry was speaking following the publication of the seventh quarterly report from John Trethowan of the Credit Review Office.

"Small businesses are not just a vital part of our economy – they play a vital role in our society and local communities as well. That is why, as Minister for Small Business, I intend to continue to ensure that the business environment is supportive of them.

"The issue of access to credit for small businesses is a matter of priority and is explicitly addressed in the Action Plan for Jobs in the context of the Micro-enterprise Loan Fund and the Partial Credit Guarantee Scheme and in the range of actions listed to encourage and measure bank lending."

Minister Perry welcomed the fact that the decision to refuse credit in 54% of cases reviewed by the CRO had been reversed.

He added: "This is good news as access to finance can mean the difference between survival or failure for many viable new start-ups and existing small businesses."


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