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

Thumbnail of Business Loans

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

Thumbnail of Farm Loans

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

Thumbnail of Business Overdraft

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

Thumbnail of COVID-19 Credit Guarantee Scheme

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

Green Business Loan

Thumbnail of Green Business Loan

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 rates5
  • Terms between 3 and 7 years
  • Flexible repayment terms

Benefits

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

SBCI Brexit Impact Loan Scheme

Thumbnail of SBCI Brexit Impact Loan Scheme

The SBCI Brexit Impact Loan Scheme is designed to fund working capital and investments for businesses impacted by Brexit and Covid-19.

Features

  • Loans from €25k to €1.5m6
  • Unsecured loans from €25k - €50k
  • Loan terms from 1 to 6 years

Benefits

  • Interest only option7
  • Variable interest rate loans8
  • Fund working capital/investment

Insurance Premium Finance

Thumbnail of Insurance Premium Finance

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

Thumbnail of Asset Finance** – Hire Purchase and Leasing

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

Thumbnail of Invoice Finance

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

 

 

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 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.

6

Security may be required

7

Interest only and Capital and Interest moratoriums for up to 3 months at the start of your loan at the Bank’s discretion

8

Reference Rate and Margin will be determined by the loan size. For loans under €250,000 the variable rate is made up of the Small Business and Agri Rate (SBAR) with a margin of 2.29% – The SBAR rate is a BOI reference rate under SME Regulations. The SBAR rate is 0.66% (correct as at 26/08/2021) and is liable to change. For up to date SBAR rates please visit Business Banking Reference Rates | Bank of Ireland

For loans over €250,000 the variable rate is made up of the 3-month Bank Cost of Funds (3-month BCOF) with a margin of 2.51% – The 3-month BCOF is a BOI reference rate under SME regulations. The 3-month BCOF rate is 0.00% (correct as at 26/08/2021). For up to date BCOF rates please visit Business Banking Reference Rates | Bank of Ireland

Ways we can help