Finance for Business

We want to make it even easier for you to manage and grow your business.

Whether you're purchasing stock or need to expand your business, we're here to help you every step of the way.

Business Loans

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We can help with your financial requirements and support your plans to grow or diversify your business.

Features

  • Competitive interest rates
  • Flexible repayment terms
  • No arrangement fee

Benefits

  • Apply online in minutes1
  • Loans from €1,000 to €120,000
  • Fixed monthly repayments

Farm Loans

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We understand that you may need to invest in your farm today, so that you can reap the rewards of that investment in the future.

Features

  • Competitive Interest Rates
  • Flexible repayment terms
  • No arrangement fee

Benefits

  • Apply online in minutes1
  • Loans from €1,000 to €120,000
  • Fixed repayment options

Business Overdraft

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An overdraft facility is the most frequently used source of short term finance. It is a flexible source of funding and is an ideal way to manage your cashflow.

Features

  • Competitive interest rates
  • A limit that suits your business
  • Overdraft term 12 months

Benefits

  • Apply online in minutes1
  • Borrow from €1,000
  • Flexible source of funding

COVID-19 Credit Guarantee Scheme

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Supporting Covid impacted SMEs in accessing low cost credit to fund working capital or investment.

Features

  • Loans from €10,000 to €1m2
  • Unsecured up to €250,000
  • Terms from 3 to 66 months

Benefits

  • Variable interest rates3
  • Interest only options4
  • Fund Working capital/investment

SBCI* Brexit Loan Scheme

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Supporting Brexit impacted SMEs to innovate and adapt with low cost accessible funding.

Features

  • Loans from €25000 to €1.5m
  • Max interest rate 4%5
  • Loan terms from 1 to 3 years

Benefits

  • Interest only repayment 4
  • No charges for early repayment
  • Unsecured loans up to €500,000

Green Business Loan

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Offering discounted finance to businesses who want to implement energy-saving initiatives in order to reduce their carbon footprint and their costs.

Features

  • Variable interest rates6
  • Terms between 3 and 7 years
  • Flexible repayment terms

Benefits

  • Borrow from €5k to €300k
  • To fund energy saving projects
  • No arrangement fee

Insurance Premium Finance

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Spread the cost of your company’s insurance premiums into manageable monthly repayments.

Features

  • Spreads the cost of Insurance
  • Finance terms from 6 – 11 months

Benefits

  • Easy to arrange
  • Frees up working capital
  • Fixed monthly repayments

Asset Finance** – Hire Purchase and Leasing

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Let us help you upgrade your business with equipment, machinery or vehicles with finance available from €7,000

Hire Purchase Features

  • Straightforward finance facility
  • Rental Payments are fixed
  • Competitive rates

Leasing Features

  • 100% finance available
  • Rental Payments are fixed
  • Competitive rates

Invoice Finance

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Invoice financing solutions enables your business to raise working capital by converting trade debt upfront into cash.

Features

  • Release tied up funds
  • Enhance your credit standing

Benefits

  • Multicurrency facilities
  • Easy & efficient administration

 

 

*The Strategic Banking Corporation of Ireland

Level of security required and rate applicable, will be determined by the amount, purpose & term of facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18s only. Maximum credit of €120,000 available for online applications and over the phone. For amounts greater than €120,000, contact your Relationship Manager or local branch.
**Lending criteria and terms and conditions apply. Finance is provided by way of a fixed rate business hire purchase and or business lease agreement. In the case of Hire Purchase or leasing, ownership remains with Bank of Ireland until the final payment is made. The credit provider is Bank of Ireland trading as Bank of Ireland Finance.
1

For business loan applications completed online the average journey time takes 15 minutes. Bank of Ireland use automated decision making to process both online and phone applications. If you don’t agree with the result, you can contact us and have those decisions reviewed by a member of our team.

2

Security may be required.

3

The Reference Rate and Margin will be determined by the loan size. For loans less than €250,000 the Small Business and Agri Rate (SBAR) will be applied to a Margin of 2.12%. Giving an all in variable rate of 2.78%. For loans of or greater than €250,000 3 Month Bank Cost Of Funds (3M BCOF) will be applied with a Margin of 2.6%. Giving an all in variable rate of 2.75% Note: Details above correct as at 23.11.20. Both Reference Rates are published daily here.

4

Interest only repayment option applies up to 12 months only.

5

The interest rate that the Bank will apply to all loans up to €500,000 is 4%. For loans greater than €500,000, the Bank will assess each transaction on its own merits (such assessment to include the availability of existing and/ or additional security which may result in an interest rate marginally below 4%). The interest rate may rise if it becomes unlawful for the SBCI to make payments which would otherwise be payable to the Bank under the agreement.

6

The interest rates quoted include a discount of 0.5% off the margin that the Bank applies to the Small Business Agri Rate for loans up to a maximum of €300,000.

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