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

2:55 pm

Photo of Anthony LawlorAnthony Lawlor (Kildare North, Fine Gael)
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Earlier, Mr. John Trethowan said the Credit Review Office has a softly-softly approach when dealing with banks. He said an appeal does not always go through the books and that the office would speak to a bank on a customer’s behalf on the q.t. to get a decision changed.

Does Chambers Ireland see a potential for credit unions to be a source of finance for small businesses? As a credit union and a small business would be an integral part of a community, there would be more knowledge of the business’s prospects.