Invoice Finance

Invoice Finance enables you to raise working capital by converting trade debts into cash.

What it costs?

There are three elements of cost usually involved:

  1. A Discount Charge (similar to an interest charge) is levied on the funds used by your company. The rate is generally expressed as a percentage margin over Bank of Ireland’s Prime Rate with the margin varying relative to the size of the facility and the degree of risk.
  2. A Service / Management Fee is an annual flat fee and is charged monthly to your account
  3. Current account and transfer fees apply.

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