Business Loans up to €120,000

Helping you grow as times change. Apply online in minutes1

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Business loans at a glance

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

  • Loans from €1,000 to €120,000
  • Unsecured loan variable rate of 6.95%2
  • Secured loan variable rate of 5.95%
  • Unsecured loan terms of up to 7 years
  • No arrangement fee

Quick decisions

  • Apply online in minutes 1
  • Now easier and faster 3

All applicants will be contacted within 24 hours excluding weekends and bank holidays

Business Loan Calculator




How to Apply

It’s never been easier to apply for a Bank of Ireland small business loan. Apply online in minutes and
we’ll get back to you within 24 hours.

Apply Online Now

Business loans up to €120,000 are now available online.

Call our team

Existing and new customers can call us on 0818 210 614 Mon-Fri, 9am – 5pm.


Visit your local branch

New customers can call into their local branch.


Tips For Approval

When we assess your business application, we want to see that you can pay the loan back comfortably.

Examples of lending criteria we take into consideration:

  • That there are regular payments into your account and stable/growing turnover
  • Be accurate when giving the turnover of your business, we will review your business account to check that it is consistent with the actual turnover of your business
  • If your business has an overdraft, that the business account is regularly in credit and for at least 30 days in the year
  • Whether your business keeps up-to-date with payments to the Revenue or other suppliers, as well as with repayments on any credit cards/borrowings your business may have
  • That enough money is retained in the business account to meet cheques and direct debits
  • If you have a personal account with us, we’ll review that too. For Sole Traders this will include any personal accounts you may have with Bank of Ireland in your name or jointly with someone else. For Limited Company accounts this may include personal accounts of the Directors and Owners of the business that are held with Bank of Ireland


Documentation we will need you to provide:

Existing Bank of Ireland Customers

If you’re an existing Bank of Ireland customer we require a completed application, and in the case that we need any more documents or information, we’ll let you know.

New Bank of Ireland Customers

If you’re a new business customer, we require the following:

  • A completed application (Not required for amounts up to €120,000 completed online or by phone).
  • The business’ last 3 years’ certified accounts
  • 6 months business bank statement
  • 6 months personal bank statements (if your personal account is also not already with Bank of Ireland). For Sole Traders this will include any personal accounts you may have in your name or jointly with someone else. For Limited Company accounts this may include personal accounts of the Directors and Owners of the business

Business Start Ups

If your business is a start-up, in addition to a completed application form (Not required for amounts up to €120,000 completed online or by phone) and bank statements, where relevant, as outlined above, we require the following:

  • Business Plan
  • Statement of Affairs for you as the business owner. Where there is more than 1 Owner/Director we may require a Statement of Affairs for these also. We’ll send you a Statement of Affairs template, you can use your own Business Plan.

Help & Support

Need help and support? Read our frequently asked questions to find an answer.

Representative Examples

A business loan of €120,000 at an unsecured rate of 6.95% over a 7 year term will require 84 monthly payments of €1,808.19. The cost of credit is €31,887.96. The total amount repayable is €151,887.96.

A business loan of €120,000 at a secured rate of 5.95% over a 7 year term will require 84 monthly payments of €1,748.47. The cost of credit is €26,871.48. The total amount repayable is €146,871.48.

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.
Warning: If you do not meet the repayments on your credit facility agreements, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future
Warning: The cost of your repayments may increase.
Bank of Ireland is not responsible for information on third party websites.
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 When you take out an unsecured loan, you do not need to offer an asset as security or collateral for it. To get a secured loan, you must offer an asset, such as property, as security. If you are taking out a business loan, we may ask for a Personal Letter of Guarantee (PLG) as a form of security. When you sign a PLG, you promise to take responsibility for repaying the loan if the business cannot do so.
3 For unsecured loans up to €120,000 completed online, for sole traders, limited companies or joint borrowers with an existing Bank of Ireland business current account and provided we are in receipt of all relevant information and documentation.