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A year of increased costs
2018 has been a year of extreme weather events, prolonged workloads on most farms and increased costs.
Quantify the financial impact
Think about your cashflow requirement and quantify the effect of this year on your farm by identifying the additional costs incurred (including any purchases that will be made to fill a deficit) and accounting for any production losses.
Once you’ve determined your cashflow requirements for the months ahead, talk to us about finding the most suitable solution to meet your cashflow needs.
Our Farmer Credit Line is a pre-arranged line of credit that works with your current account as an alternative source of working capital.
With rates from 3.825%* variable, it offers a low cost way to manage seasonal cashflow.
* The total cost of credit for a Farmer Credit Line facility of €25,000 is €970.25
A short term loan with manageable monthly repayments may be used to replenish spend from cashflow.
This can include capital expenditure that was funded from cashflow back to January 2017.
A short-term finance product that transforms large annual outgoings, like tax, accountancy fees and insurance, into manageable monthly repayments.
If you're experiencing temporary financial distress, in exceptional circumstances we may consider requests to reduce the repayment on an existing loan to interest only repayments for a period of time subject to standard, lending criteria, terms and conditions.
If you are an AIB customer we can give you fast approval on new business loans and overdrafts up to €60k in 48 hours* of receiving your application.
Call 1890 47 88 33 or visit your local branch.
*We aim to provide a decision within 48 hours, for a minimum of 85% of applications from AIB customers on business loans and overdrafts, upon receipt of all required information. 48 hours excludes Saturdays, Sundays and Bank Holidays. If you have previously been through a restructure, please talk to us in more detail so we can advise the best solution for you.
Warning: You may have to pay charges if you repay early, in full or in part, a fixed rate credit facility
However AIB will not apply any charges if you repay this €0 to €60k SME Fixed Loan early.
Warning: The cost of your repayments may increase
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest only period
Terms and Conditions
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.
