• Home
  • > Commercial Lending

Thank you for choosing Dundalk Credit Union for your Commercial Loan application, we are committed to supporting local businesses across our wider community.

Check out our Loans Calculator for an amount and term that suits your business requirements. You will be assigned a Dundalk Credit Union Loan Contact Person once you start your application with us, they will be your point of contact for the whole process.

For loans less than €25,000 you will the following for Income Verification

  • 2 years most recent Financial Accounts, verified by an accountant
  • Your most recent Chapter 4 Form 11 for Self Assessment
  • 3 months Business & Personal Bank Statements
  • Documentation re purpose of the loan – this document supports your requirement for the loan – e.g. purchase of equipment, expansion costs, this can be a quotation, a supplier estimate, etc
  • If business owner taking a salary, 3 recent Payslips including most recent (or other suitable proofs/records)
  • Current Tax Clearance Certificate

For loans greater than €25,000 and up to €50,000 you will need a Business Plan

  • Revenue Commissioners tax assessment for the past year
  • If business owner taking a salary, 3 recent Payslips including most recent (or other suitable proofs/records)
  • 2 years most recent Financial Accounts (if available)
  • Documentation re purpose of the loan – this document supports your requirement for the loan – e.g. purchase of equipment, expansion costs, this can be a quotation, a supplier estimate, etc
  • We require both your Business & Personal Bank Statements covering the last 6 months

You will also need a Business Plan for loans greater than €25,000.  A Sample Business Plan is available to download here 

If you have an existing business plan it must include, at a minimum:

  • Executive summary
  • A company description
  • Market analysis
  • Current market sector/Market position
  • Staffing and operations
  • Financial projections including:
  • Key assumptions
  • Profit & loss accounts
  • Balance sheet
  • Cash flow projections for 3 years (if appropriate)
  • Minimum 2 years financial accounts that clearly set out any existing debt or financial commitments (these should be prepared or/and verified by your accountant)
  • Most recent set of management accounts

Once assessment is completed, we will Open a Business Account, you will need the following documentation for this:

Requirements for business account

  • A copy of the Memorandum and Articles of Association of the entity
  • A list of all the board of directors and their addresses
  • An authorised mandate from your board to open the account and those with the authority to operate the account
  • ID and address verification for the authorised signatories on the account  – Minimum of 2

If would like to review your Loan Amount – Here here for our  Loan Calculator

If you have any difficulty or have any questions, please do not hesitate to contact us at info@dundalkcu.ie and one of our loans team will assist you.