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Fine Gael Councillor Noreen Heston has urged small local businesses that have been refused credit by the banks to apply to the Government’s new Microfinance Scheme. The €90 million scheme has been available to businesses since the beginning of October. “This new scheme will be of huge benefit to small businesses in Mayo which have been refused traditional sources of finance. Any business or sole trader employing up to 10 people who have been refused by the banks for loans of up to €25,000 can apply. Over the 10-year lifetime of the scheme it is expected that over €90 million will be provided to 5,500 small businesses with the creation of up to 7,700 jobs,” Councillor Heston explained.