The Government is extending the 2 billion euro Credit Guarantee Scheme applications process until the end of the year.
Businesses, including those in farming and fishing, can access low interest loans with 80 percent coverage by the state.
However just under 215 million euro has been drawn down, which is around 11 percent of what's available.
Neil McDonnell, Chief Executive of ISME, says applicants have had difficulty getting approved for it:
