Invoice Finance
Access the cash tied up in your outstanding invoices.
Invoice Finance is provided via AIB Commercial Finance Limited which is an unregulated subsidiary of Allied Irish Banks p.l.c.
Benefits
Protect your cashflow
A healthy cashflow is essential for every business. Immediate access to cash allows you to effectively manage working capital. It gives your business the freedom to do more, without waiting for your customers to pay outstanding invoices.
Easy process
There is little disruption to your business when you use Invoice Finance.
Simply invoice your customers as normal and funds up to 90% of the gross value of the invoices will be available to drawdown. Then when you receive payment from your customers, lodged into an AIB account, these funds repay any drawn balances on your invoice finance facility.
Maintain business relationships
Have peace of mind with immediate access to up to 90% of your invoiced debt. All credit control remains with you; your customer relationship won't be affected.
Convert sales into cash
With Invoice Finance, you can typically access more funds than conventional sources of finance. You can pay suppliers in full and on time, potentially get settlement discounts, and increase your cashflow to fund your sales growth.
Invoice Finance at a glance
- Fund your business growth
- Access up to 90% of invoices raised
- Fund domestic and export invoices
- Confidential facility
- Easy to use online system.
WARNING: The provision of this service does not require licensing, registration or authorisation by the Central Bank of Ireland, and as a result is not covered by Central Bank of Ireland rules designed to protect consumers or by a statutory compensation scheme.
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Who can apply
Invoice financing is a good option for businesses who:
- Have an average ongoing funding requirement of at least €150,000
- Sell goods or services on credit to other businesses
- Have an ongoing trade debtor’s ledger of minimum €250,000
- Invoice after goods and services are delivered
- Have a satisfactory quality and spread of debtors
- Use a sales ledger accounting system and appropriate credit control procedures.
How to apply
Speak to your Relationship Manager, visit your local branch or email aib.cashflow@aib.ie.
Fees and charges
A discount charge (similar to an interest rate) is levied only on funds drawn and is charged monthly.
A service fee is typically charged on an annual fixed fee basis and is billed at the end of each month. This is for the on-going management of the facility.
Terms and conditions
Facility criteria terms and conditions apply.
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statements which apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2.
