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Wall of debt building for businesses in north west

Harry Keaney -
Wall of debt building for businesses in north west

A local TD says there is a 'wall of debt' building for many businesses across the region.

 

While agreeing that the €1b extra in business supports is welcome, Independent TD, Marian Harkin, believes they don't go far enough.

 

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She says the new supports rely heavily and the availability of loans and for many businesses, borrowing at rates of 4.5% is not feasible.

 

Speaking to OceanFM News, Deputy Harkin says bills continue to pile up for businesses yet they remain closed.

 

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[audio mp3="https://img.oceanfm.ie/prod/uploads/2020/04/Harkin-Web.mp3"][/audio]

 

 

 

Harry Keaney -