Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

Another issue is the delay in approvals from the time an application is submitted. While it is still a problem that applications are not being submitted, the review of a submitted application may be dragged out for months such that the project for which finance is originally sought may no longer be viable. The business may actually have moved on. Will the Minister put turnaround targets in place in order that the pillar banks will have to revert to applicants with a full decision within, perhaps, four working weeks rather than stringing out businesses? I could provide the Minister with many cases in which businesses have been strung out for nearly 12 months from the time of applying for a facility until the reaching of a decision. In many cases, that decision is negative.

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