Step 1 – The applicant must first submit an Eligibility Application Form to the SBCI to check if they are eligible for the Scheme. If the SBCI determines that the applicant is eligible, the applicant will be notified in writing and will be supplied with an eligibility reference number (eligibility code).
Step 2 – The applicant must provide this eligibility confirmation letter/code to St. Francis Credit Union when submitting their credit application.
Please note that the SBCI eligibility letter/code is not a guarantee of loan approval and does not impose any obligation on the on lender to provide a loan.
Approval of loans is subject to the scheme lenders’ own credit criteria, policies, and procedures.
The Brexit Impact Loan Scheme operates until 31 December 2021 or until the scheme has been fully subscribed.