Small to Medium-sized Enterprise (SME) Customers
SME regulations
More people in Ireland are starting their own small businesses, and many are doing well. But we also understand that unexpected challenges can lead to credit issues.
If those issues are in the past and your business is now back in profit, we’ll work with you to build a finance plan that fits your needs.
We offer flexible finance solutions at competitive rates with great service for:
- People with strong credit histories
- Small and medium-sized businesses (SMEs)
- Self-employed individuals
- Customers with past credit problems
- Customers with little or no credit history
Background to SME regulations
The SME Regulations, set out by the Central Bank, apply to lenders who provide credit to small and medium-sized businesses (SMEs). These rules cover things like:
- What information must be shared before and after you take credit
- How credit applications and refusals are handled
- How complaints, arrears, and financial difficulties are managed
You can find the full SME Regulations on the Central Bank website.
We’ve also created a simple booklet "SME Regulations: Lending to Small and Medium Enterprises" to explain how these rules apply to Close Brothers Motor Finance, and to help our SME customers understand what they can expect from us.
*Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium- Sized Enterprises) Regulations 2015
Information for SME Customers in Financial Difficulties
We're here to help! If you are currently experiencing financial difficulty, we want to help you meet your financial obligations.
Close Brothers Motor Finance encourages you to make contact with us as soon as you are experiencing financial difficulties or anticipate you may be in the future.
If we don’t hear from you, we will make contact with you once your account goes into arrears (normally within 10 business days) to understand why a payment may have been missed.