Bank of Ireland Loans

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Loans

Our range of loan facilities will assist in financing your business' medium to longer tern funding requirements.

Your loan facility may be provided by way of a Term Loan, Commercial Mortgage, Cash Advance or Bridging Loan subject to agreement with us and taking into account the requirements of your business.

Any outstanding balance under your Loan facility will be charged interest (subject to agreement with us and at your request) at either the Bank's NI Base Rate plus a margin or the London Interbank Offer Rate (LIBOR) plus a margin and including a figure to cover regulatory liquidity requirements (margin to be agreed with us and detailed within your facility letter of offer).

Business Loans are available for all general business purposes. These can include:

Working capital requirements
Purchase of assets
Purchase of property

All loans subject to status and may require security.

Overdraft
Our overdraft facility will assist you in financing your business' general working capital requirements. The facility is negotiated in advance and will be subject to detailed terms and conditions agreed with us (authorised overdraft). Your facility will usually be subject to a negotiation fee and subsequent renewal fees.

Any outstanding balance under your Overdraft facility within the authorised limit will be charged interest at the Bank's NI Base Rate plus a margin agreed with us and detailed within your facility letter on offer.

Term Loan
Term Loans can provide you with more structured longer term finance over an agreed term (normally up to 10 years though the term will depend on the life span of the asset being financed. Flexible Repayment Options are also available allowing you monthly, quarterly, half yearly and annual repayment options.

Commercial Mortgages
A commercial mortgage is much like a Term Loan though will be secured against a property asset. It will also attract similar features and benefits as a Term Loan.

The term will be subject to negotiation normally up to a 15 year term.

Additional Banking Requirements
At times a business may need more specialist services to assist with their borrowing and cashflow requirements. Bank of Ireland can provide all of these services such as Invoice Finance and Asset Finance.

If you feel Bank of Ireland can provide the solution to your Banking needs contact us and one of our local Business Representatives will contact you and assist you in your decision on the finance to suit you and your business.

For further details of our Business Banking products with associated terms and conditions, please refer to our Guide to Business Banking.


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Bank of Ireland - incorporated in Ireland with limited liability. Authorised by the Financial Regulator in Ireland and by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business. Registered No. C-1, Head Office, Lower Baggot Street, Dublin 2. VAT Registration No. 168196135