Type of Credit Available?

What is it?

Who is it for?

Max/Min borrowing

Rate

Business Loan

A business loan is funding given to you by us to be repaid by a certain date with a certain amount of interest.

All Business/Agri customers looking for medium to long term finance for business purposes.

N/A

A variable interest rate may be negotiated on a case by case basis

Business Overdraft

A Business Overdraft allows your current account to go into an overdrawn position, up to a pre-agreed limit.  While there is no fixed repayment period in place, an overdraft is subject to annual review after which time it may be renewed.

Existing AIB business current account customers with short term finance/working capital needs.

N/A

Variable rate

Start-up Loan

A Start-up loan is funding given to a start-up business by AIB usually to be repaid by a certain date with a certain amount of interest.

Start-up and early stage businesses, (i.e. Sole & Joint Traders; Partnerships; Limited Companies) including farmers, established in the past 3 years. The Start-up Loan can be used for the:

  • Creation or expansion of early stage small businesses, including farmers - e.g. new entrants to a particular sector, etc.
  • Purchase of business assets
  • Matching funds required to secure State Grants
  • Investment in business infrastructure

Max €100,000

Attracts an automated reduction on the Bank’s Standard Variable Business Loan Rate

Asset Finance

Asset finance can overcome the challenges of raising the necessary capital to purchase new assets through leasing or hire purchase.  Finance is available over a two, three, four or five year period - choose the term that suits you best. Longer terms can be arranged if appropriate.

When you need to buy or upgrade equipment, plant, heavy goods or vehicles. Asset finance offers a practical and tax-efficient way to get you the asset you want, for new or used items.

Flexible repayment options with 100% finance available

Fixed interest rates

Prompt Pay

Short term finance for a business, which helps to spread the cost of those once-off payments for up to a period of 11 months and improve business cash-flow.

Businesses with annual payments such as:

  • Preliminary tax
  • Pension contributions
  • Commercial property rates
  • Subscription fees to professional/ trade associations
  • Annual audit fees

Minimum application of €5,000

Fixed rate of interest

Insurance Premium Finance

Short term finance for a business, which helps to spread the cost of insurance payments for up to a period of 11 months and improve business cash-flow.

To pay insurance bills such as:        

  • Motor, Fire and Burglary.
  • Employer’s, Public and Product Liability.
  • Professional or Medical Indemnity Insurance.

 

Minimum application of €5,000

Fixed rate of interest

Farmer/Business Credit Line

A line of credit that works with your current account to give your business seasonal financial support.

Business owners/Farmers to purchase inputs with cash, avoiding higher cost merchant credit and securing cash purchase discounts.

N/A

Variable interest rate

See also: Invoice Finance

"Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required."