GRID Finance Loans

Short-term business loans for e-commerce

GRID Finance is committed to helping e-commerce businesses stay open with flexible loans of up to €500k.

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Flexible repayments

Approval in 48hrs

Quick application

Apply up to €500,000

Benefits of Short-term Business Loans

Match funds to needs

Every business encounters periods of sluggishness. That’s where a GRID Short-term Business Loan comes in handy. It bridges the gap between your available funds and your immediate requirements.

Flexibility

GRID Finance knows that SMEs need flexibility when it comes to financing. That’s why a Short-term Business Loan can be used for any expense your business needs to cover.

Less admin

Spend your time running your business, not tackling finance paperwork. GRID’s simple and straightforward application process minimizes the time needed when applying for funds at short notice.

What you need to know

GRID Finance understands that e-commerce businesses play a vital role in Ireland’s economy. That’s why we tailor our repayment plans to match your business’s revenue. So when sales are down you pay less, and when business is thriving you pay a little more.

Applying for a short-term loan

What’s needed to apply?

We keep things simple. When you apply for a GRID Finance Short-term Business Loan all you need is:

An Open Banking connection (or six months of bank statements)

A current tax clearance certificate

A set of filed accounts / management accounts (for loans over €50K)

How it works

When e-commerce store owners apply for a short-term loan from GRID Finance, they’ll get a decision within 48 hours. But first they have to:

Create an account and start a new application

Your entire application can be managed online. The first step is to set up a GRID account.

Tell us how much you need

Generally, the borrowing limit is ten times your business’s monthly revenue, though you can borrow upwards of €10,000. If you want to borrow over €250,000, we’re happy to discuss options.

Upload documentation to confirm your details

We’ll need to verify your business’s financial standing and recent trading history. To do this, you’ll need to upload bank statements for the past six months plus a current tax clearance certificate. For loans over €50,000, we also need to see a set of filed management accounts.

Fill in declarations

You also need to confirm the accuracy of all the information you supply. This means completing some declarations to confirm your details are correct.

Submit your application

Is everything completed and accurate? Are you sure you are applying for the correct amount? Check over everything and if it’s all OK, hit the Submit button.

What’s the purpose of short-term finance?

Managing an e-commerce business brings its own share of financial uncertainties. That’s why a GRID Finance Short-Term Loan is flexible enough to cover virtually any business expense:

Working capital
Stock
Equipment
Renovations
Cashflow
Pay short term debt
Wages
Bills
Grow business

CUSTOMER FEEDBACK

FEEDBACK FROM THE FRONT LINE

Excellent service . Really easy fast process and the team are very friendly and easy to work with . Highly recommend Grid finance

I love that you get a comprehensive report of your repayments and all other details of the facility. The staff are also very flexible and professional. Easy application process also. Will definitely recommend.

I worked closely with Neil from the very beginning of the process and he was fantastic in taking me through every step to ensure what I was requesting was right for my business needs. He was available at all times to answer my queries and his follow ups were timely & factual. I never had any concerns throughout. Great experience.

The Grid Platform is easy and straightforward and has been earning me over 10% interest on my investments for over two years. A fantastic team who maintain regular contact with their platform investors.

Great customer service. Pat and his team are so professional and really quick turn around time. Can’t recommend highy enough

Frequently Asked Questions

We understand that businesses can be structured in many ways. The GRID Team will aim to design a repayment structure to suit your business needs.

Loans are available from €10,000. The amount you are eligible for will depend on how much revenue you are generating. For typical businesses, this would mean a minimum income amount of €10,000 per month.

GRID business loans are designed to be short-medium term finance and are most suited for working capital purposes. The loans are designed to be a rolling credit facility over time and once onboarded you will be building up information and credit history with GRID to support further applications. Each individual loan(s) runs for up to 12 months but we can design funding solutions with multiple drawdowns over time (tranches). Shorter term finance solutions may also be more suitable for your business i.e. to replenish your stock more frequently and your GRID facility will be repaid in time for when you want to complete a new stock order.

Any business (limited company, sole trader, partnership) that takes some, a lot or all of their revenue through debit/credit card, by card machine or online using a payments processor. The business must be registered in the Republic of Ireland, trading for 9 months minimum (we can take account of previous trade as a sole trader). Your loan will be repaid by a small % of your income as you receive it.