What does First-Step do?

First-Step provides loans for small business start up and expansion.

Does First-Step charge interest or administration fees?

Yes. First-Step charges interest at a current rate of 9% p.a. in addition to an administration fee. In order to ensure First-Step’s sustainability overheads need to be met.

Does First-Step lend to all types of business?

Yes, First-Step lends to businesses in all sectors in all counties nationwide.

Is there a maximum amount of loan available from First-Step?

Yes, €25,000 is the maximum loan. This does not necessarily mean that is the total funding required for the project. First-Step is happy to co-fund any business.

Is there a minimum loan amount?

Yes, minimum amount that can be requested is €5,000