Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB
2:20 pm
Feargal Quinn (Independent) | Oireachtas source
In recent years I have been involved with retailers on a television show and I found the majority of them state it is no good going to the bank. They have almost talked themselves out of going to the bank to get a loan. I was amazed to discover that when we held their hands they were able to get loans in practically all cases, but they need this help. What basic mistake is made by those SMEs who apply for loans and do not get them? Is there something the bank can tell them they should do to get it right? There are success stories and there can be more, but perhaps the SMEs just need hand-holding or advice. Is the bank capable of giving them this advice?
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