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Business Bulletin February 2009
Ease the pressure with new working capital

Most businesses are feeling the pinch in these challenging economic times, but new working capital is available for SMEs through targeted loan funds.

Many businesses are suffering under current market conditions. Smaller firms in particular are feeling the squeeze on cash flow as customers take longer to pay, consumer spending dips, and margins come under pressure. Our €250 million Business Support Fund, has been designed especially for the SME sector and can provide a helping hand to those who are cash-strapped or struggling to manage their day-to-day capital requirements.

The Business Support Fund aims to help smaller firms find room to breathe again with an injection of new working capital, for the short term or the medium term. It offers you:

  • Loans from €20,000*
  • A competitive interest rate of just 6.25%** (variable)
  • Flexible repayment schedule with terms up to 7 years***
And for companies who are in a growth phase, it can provide an opportunity to expand the business with new funds. The facility is generally open to sole traders, limited companies and partnerships, and flexible repayment terms are often offered.

SMEs with existing finance arrangements can use these facilities to top up or restructure their loans, or simply introduce new finance facilities to the business. Talk to your branch manager today or click here to find out more about a Business Support Fund Fund.


*Lending criteria and terms and conditions apply. Security may be required

**Variable rate quoted is correct as at 28/01/2009 and is subject to change

***May include capital moratorium / interest-only repayment period of up to twelve months subject to lending criteria and terms and conditions

Bank of Ireland is regulated by the Financial Regulator

Bank of Ireland Business Bulletin - February 2009

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