Oireachtas Joint and Select Committees

Tuesday, 11 February 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs: Discussion

2:10 pm

Ms Lisa Redden:

We had a similarly good experience. We had also approached the bank, with which we had a good relationship until then. The key benefits of using LinkedFinance as opposed to the bank were that we were able to secure a better interest rate than we could have had with the bank. The platform also gave us the opportunity to expose the business This was a real benefit and it did it very well. As the Senator pointed out, the loyalty comes back to the business and many of those who lent to us have become customers of Greenaer which has been positive for us. The exposure has also led to the creation of two new jobs in the company. It has been a good experience and is one we would repeat.

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