Oireachtas Joint and Select Committees

Tuesday, 6 May 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs (Resumed): Credit Review Office and Chambers Ireland

2:20 pm

Mr. John Trethowan:

There is no major difference in the numbers I can see. The 55% figure may not reflect the credit initially applied for but it would end up being acceptable to the bank and enough for the borrower to do what they wish. We are working to try to make a deal in a process.