Business Loans

Most businesses require a loan at some stage of their development, whether it is to start-up, expand, acquire another business or purchase a premises or other fixed asset. A Business Loan from AIB offers funding tailored from a range of options to suit every stage in the growth of your business. Whether you need, seasonal, short, medium or long term finance, or a loan for stocking purposes, AIB has the product for  you.

How a Business Loan works:

• You can decide on either fixed or variable interest rates.
• A fixed rate will give your business protection from interest rate fluctuations and allow you to forecast your repayments and cashflow more accurately.
• A variable rate will mean that any movement up or down in the interest rate may impact your repayments.
• You may negotiate the postponement of the repayment of the capital amount, i.e. pay the interest only, for a period, to better suit your cashflow requirements. Note: This repayment option will impact on the amount and/or term of the loan.
• You can negotiate the term of your loan over a set number of years, to suit your business's circumstances.
• You can negotiate the repayment frequency of the loan e.g. every month, every quarter etc.
• Foreign-currency loans are available.
• Security may be required for business loans. Each case is judged on its own merits.

Benefits of a Business Loan

A Business Loan from AIB:

• Offers very competitive interest rates.
• Is a flexible, versatile and easy to use source of finance.
• May be tailored to suit your business needs.
• Offers flexible repayment arrangements giving your business the chance to accurately forecast your cashflow.
• Flexible arrangements may impact on the repayment amount and/or the term of the loan.
• Allows you to invest into your business while controlling the effect this has on your cashflow.
• With repayments spread out over the life of the loan, you may minimise the effects any purchases will have on your liquidity.
• Allows you to leave other credit facilities such as overdrafts free for working capital requirements.
• Allows you to make purchases that will appear as an asset on your balance sheet and so increase your company's asset base without having to put a large one-off dent in your cashflow.
• You can enjoy the advantage of being a 'cash' buyer when negotiating with your supplier.

Eligibility

A Business Loan can be negotiated for flexible terms, ranging from short term stocking requirements to long term fixed asset purchases up to 20 years. All businesses are eligible to apply for a Business Loan. Normal lending criteria will apply.

Important / Regulatory Notice

Full details can be found in the AIB Terms and Conditions governing Business Lending brochure, a copy of which is available from your local AIB branch.

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.

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