The Credit Review Office provides an independent review process for SMEs, sole traders and farm enterprises that have had requests for credit refused or had existing credit facilities reduced or withdrawn from the banks that were, at the time, participating in the NAMA scheme. Since it started in 2010, other banks have voluntarily joined the process. The banks currently covered are Allied Irish Bank, Bank of Ireland, PTSB and Ulster Bank.
The Credit Review Office aim is to form an independent, impartial opinion on whether your business is viable and will generate enough cash to repay the loan.
Did you know over 150 different franchise models are currently operating in Ireland?
Have you ever thought of buying a franchise?
When most people think of a franchise, they first think of food related businesses. Surprisingly only 41% of active franchise systems operating in Ireland are food related. The franchise model extends into other sectors such as children’s STEM (Science, Technology, Engineering and Maths) education, personal health wellbeing and fitness, B2B support services; cleaning services, pet services, landscaping services, and so on. The list is endless, so if food service franchises don’t interest you, there are plenty of successful franchise models available for you to choose from.
“Research indicates that over 90% of franchisees continue in business after five years.”
The Parental Leave (Amendment) Act 2019 (“the 2019 Act”) has now been commenced and is effective from the 19th July last. Employers must now ensure that policies and procedures are up to date and in line with the new entitlements and must prepare for applications for additional parental leave immediately.
The 2019 Act amends the Parental Leave Act 1998 (“the 1998 Act”) and provides for the extension of the period of unpaid parental leave from the current entitlement of 18 weeks to 22 weeks from the 1st September 2019 and to 26 weeks from the 1st September 2020. The 2019 Act also increases the age of the child in relation to whom parental leave is available from 8 to 12 years of age. Therefore, parents will now be able to avail of their extended entitlements up until the child in question turns 12 years old.