Businesses in Financial Difficulty

It's important to tackle the financial strain on your business early on. Get in touch with your Relationship Manager or local AIB branch as soon as you can. We'll work with you to explore ways of solving your financial difficulties.

The information we'll need to recommend a way forward depends on your business type and size. It'll typically include:

• Financial information and projections
• Details of current tax position
• An up to date Asset and Liability profile of the business
• Details of your security position
• A business plan and cashflow details

This will help us to get insight into the overall financial position of the company and its performance. 

We'll use the information you give us to assess your situation. Any options we consider to help you will take your full circumstances into account. This includes how much you have borrowed, your ability to make repayments, and your security position.

We'll decide on an alternative arrangement to get you out of arrears, and write to you outlining any terms and fees. Make sure that you fully understand this new repayment arrangement before you commit to it. You might want to get independent legal or financial advice before agreeing.

If you're declined for finance and aren't happy with our decision, you can make an appeal.