Launched in 2021, BizFin is an innovative solution for credit unions to offer lending to sole traders, partnerships and SMEs.
BizFin provides credit unions with a ready solution covering policy and procedures, credit risk assessment, loan pricing, compliant documentation, training and branding.
Developed by experienced business lending professionals, BizFin allows credit unions to offer competitive business loans with exceptional member experience within a strong risk framework.
Streamlined processes ensure members receive decisions within 3 days, deal with a dedicated relationship manager and receive flexible, transparent treatment. Competitive pricing includes discounted rates of interest for Green Business Loans and COVID-19 Credit Guarantee Scheme loans for €10,000 – €300,000.
BizFin is delivered using collaborative, not-for-profit shared services in conjunction with Government of Ireland for the COVID-19 Credit Guarantee Scheme.
As banks exit the market and close branches, the trustworthy and local approach of credit unions is essential for businesses to survive, employ and invest.