Invoice Finance
Stay competitive by releasing up to 90% of the value of your invoices.
Convert sales to cash quickly and boost your working capital
Invoice Finance from Allied Irish Bank (GB) is an asset-based debtor finance solution to your working capital needs. With Invoice Finance, we provide your business with an upfront release of up to 90% of funds tied up in unpaid invoices. So you can stay competitive by quickly converting sales to cash, maintaining a healthy cash flow and paying your suppliers in full and on time.
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Features and benefits
- Invoice Finance quickly converts sales into cash and can release more funds than conventional sources of finance.
- You can take advantage of cash and bulk discounts from suppliers.
- Pay your suppliers promptly improving your company's business to business relations and payment reputation.
- Your business can remain highly competitive and offer attractive credit terms to consolidate and develop customers’ goodwill.
- The availability of finance to your business can grow in line with the growth in sales.
- Your relationship with customers is not affected by the Invoice Finance arrangement and your debtors are unaware of the funding facility.
- Funds that are released are used only as you need them.
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How it Works
- You invoice your debtors.
- Summary invoice details are then sent to Allied Irish Bank (GB) Commercial Services.
- On your request, Allied Irish Bank (GB) Commercial Services will forward agreed prepayment of up to 90% of funds tied up in unpaid debtor invoices.
- You continue to operate your usual credit procedures.
- Invoices are paid by debtors and these funds are lodged to a designated collection account.
- The balancing 10% of the originally financed debt is made available to you, less Allied Irish Bank (GB) costs.
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Costs
- A Discount Charge (similar to an interest charge) is levied on the funds used by the company. Allied Irish Bank (GB) Commercial Service's discount rate is expressed as a percentage margin over Allied Irish Bank (GB) Base Rate (agreed at time of sanction). The margin varies from facility to facility relative to the size of the facility and the degree of risk.
- A Service Fee (related to the workload in providing the facility) is levied as a percentage of the debts purchased.
- Security may also be required.
Talk to Us
Simply call +44 (0)345 600 5204. We’ll be happy to answer any questions you might have about applying for Invoice Finance with Allied Irish Bank (GB)
† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.
Help and Guidance
Help Centre
For all service related queries please visit our Help Centre.
Important Information
Availability of credit depends upon our assessment of your financial position. We encourage you to take independent legal advice to ensure that you understand your commitment and the possible consequences of your decision.
Please note that security and insurance may be required
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AIB Group (UK) p.l.c. is covered by the Financial Services Compensation Scheme, Financial Ombudsman Service and is a Registered Firm with The Lending Standards Board.
The AIB logo, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct are trade marks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.