Business Credit Line

  • Option 1
    Call 1890 47 88 33
    Available Mon-Fri 8am-9pm, Sat 9am-6pm

If you are looking for a flexible way to manage your business' seasonal working capital throughout the year, you should consider the AIB Business Credit Line. 

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    What is it?

    Our Business Credit line is a flexible way to help you manage your business' seasonal working capital throughout the year. It works alongside your current account and overdraft to give your business seasonal financial support when you most need it.

    It has attractive variable interest rates from 3.825%*. Interest is calculated on the outstanding balance and is charged quarterly.

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    How does it work? How will it help me?

    For planned seasonal expenses, such as purchasing stock you can drawdown funds from your Credit Line. This means your current account and working capital is not depleted by seasonal expenses and you have the flexibility to repay your Business Credit Line when you have funds available later in the same calendar year.

    Working alongside your current account, it’s flexible and easy to use. You can transfer funds to your current account as you need them to pay for seasonal purchases. You can transfer funds online, in branch or by telephone, and there are no transaction costs for transfers from the Business Credit Line to your working current account.

    Important to note, the Business Credit Line is an annual facility and must maintain a nil or credit balance for at least 30 days a year. To ensure it continues to meet your working capital requirements our team will review this facility annually.

    There are other business finance solutions that might better meet your needs - please click here to find out more.

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There are other farm finance solutions that might better meet your needs – please click here to find out more.

Pre-Arranged Line of Credit.

Pre-Planned Line of Credit

The Business Credit Line is a line of credit that can be pre-planned by you. By establishing the level of working capital support you need at the start of each year and arranging the necessary bank finance, you can have the funding in place for planned seasonal purchases.

Competitive Interest Rate.

Competitive Interest Rate

With interest rates from 3.825%* variable, the Business Credit Line may be cheaper than standard overdraft rates. Interest is calculated on the outstanding balance and is charged quarterly.

 

*The total cost of credit for a Business Credit Line facility of €25,000 is €970.25

Efficient Cashflow Management

Efficient Cashflow Management

For planned seasonal expenses, you can drawdown funds from your Credit Line. This means your current account and working capital is not depleted by seasonal expenses and you have the flexibility to repay your Business Credit Line when you have funds available.

Flexible and Easy to Use.

Flexible and Easy to Use

Working alongside your current account, it’s flexible and easy to use. You can transfer funds to your current account as you need them to pay for seasonal purchases. You can transfer funds online, in branch or by telephone, and there are no transaction costs for transfers from the Business Credit Line to your working business current account.

Annual Facility.

Annual Facility

The Business Credit Line is an annual facility and must maintain a nil or credit balance for at least 30 days a year. We will review your Business Credit line annually to ensure it continues to meet your working capital requirements.

Planning your Seasonal Working Capital Finance.

Planning your Seasonal Working Capital Finance

Your cashflow is key to managing your business finance, and completing a cashflow plan allows you to identify when you will need seasonal support. Our template can help you plan your working capital requirements.

Important / Regulatory Notice.

Warning: The cost of your repayments may increase

Lending 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.

Allied Irish Banks p.l.c. is regulated by the Central Bank of Ireland.

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