Our working capital solutions are there to help improve the flow of cash into your business. They can also help you achieve success by giving you the flexibility to negotiate better deals.
Overdrafts
An overdraft is an extension of your Bank of Ireland Current Account and provides short-term working capital to help you manage the day-to-day cash needs of your business.
Interest is calculated at a variable rate, usually linked to base rate, on your daily debit balance and gives you complete flexibility within your pre-agreed limit (margins are negotiable). Your account needs to be in credit for 30 days each year and facilities can be tailored to your requirements. For example, we have a specialist product available for some industry sectors where temporary increases over the agreed facility are allowed at peak times in the year. All overdrafts are repayable on demand and are reviewed annually.
Lending criteria terms and conditions apply.
Schedule of Fees and Charges for Business Customers
Current interest rates
For further information please email customercare@boiuk.com
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Invoice Discounting
Invoice discounting is a versatile and efficient source of finance that enables you to convert up to 90% of your trade debts into cash. It is a flexible way to generate cash, because the amount you can draw increases as your sales increase - making it ideal for both growing and established businesses.
Our specialist subsidiary, Enterprise Finance Europe, offers invoice discounting, factoring and other asset based finance to fund the working capital needs of UK SMEs with turnover between £2 million and £100 million.
Enterprise Finance Europe specialise in working capital funding solutions and have extensive experience in complex deal scenarios such as MBOs, acquisitions, mergers, refinancing, restructuring and growth management.
Lending criteria terms and conditions apply.
For further information please email customercare@boiuk.com
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Bridging Loans
A bridging loan is designed to cover a short-term funding gap between the purchase of a new asset and the completion and sale of a current asset. If you need finance to help you complete an important acquisition, a Bank of Ireland bridging loan could be the ideal solution.
Lending criteria terms and conditions apply.
Schedule of Fees and Charges for Business Customers
Current interest rates
For further information please email customercare@boiuk.com
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