Support for business customers during COVID-19

We’ve put supports in place for our business customers impacted by COVID-19. If you expect your cashflow to drop temporarily as a result of COVID-19 or you believe you will be unable to make your repayments, we’ll do our best to help you.

 

 

 

BBLS

 

Bounce Back Loan Scheme (BBLS)

 

The Bounce Back Loan Scheme provides small and medium businesses (SME’s), micro businesses and other businesses with financial assistance in the form of smaller loans up to £50,000. The scheme is part of a series of government measures for UK businesses.

 

We are an accredited lender for the Bounce Back Loan Scheme.

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    Have you already submitted an application?


    Please note: If you have submitted your Bounce Back Loan application online, we are currently processing this and appreciate if you could bear with us. We are receiving a significant number of applications at this time. We will contact you as soon as possible if we need more information or clarity on your application. Successful applicants will receive their funds within 5 working days.

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CBILS

 

Coronavirus Business Interruption Loan Scheme (CBILS)

 

 

The Coronavirus Business Interruption Loan Scheme (CBILS) provides smaller and medium businesses (SME’s) in the UK with financial support for the loss in revenue leading to cashflow disruption as a result of COVID-19.

 

The scheme is part of a series of government measures for UK businesses.

 

We are accredited under Coronavirus Business Interruption Loan Scheme.

 

   

   

 

CBILS

 

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

 

The government backed Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support for medium to large UK based businesses experiencing loss of revenue due to COVID-19.

 

As accredited lenders for CLBILS we can support eligible customers with Term Loans and Revolving Credit Facilities (RCFs) up to £200m.

 

 

 

 

 

 

   


cashflow

 

Worried your cashflow might temporarily reduce?

 

If you need financial assistance, we’ll do our best to help you. We have a number of possible solutions available to you depending on your circumstances which include the following.

 

  • Apply for of a business overdraft for 3 or 6 months, (subject to eligibility and terms & conditions)
  • Increase your existing business overdraft for 3 or 6 months

 

Loan and Asset Finance solutions are also available.

 

The earlier you get in touch, the easier it will be find the best solution for your business.

   


loans

 

Worried about paying your loans?

 

We have a number of possible solutions available to you depending on your circumstances, which include the following:

 

  • 3 or 6 month capital & interest repayment holiday  - interest will continue to accrue and will be charged to your loan account.
 
  • 3 or 6 month capital repayment holiday on your loans greater than £25,000, therefore your business only pays the interest on your loans during this time.
 
  •  Rescheduling and extending your loan repayments for 3 or 6 months.
 
  • Relaxation, amendment or waiver of covenants for the next 3 or 6 months if required.

Please note that the solutions are available for a maximum period of 6 months.

   

 

asset finance

 

Worried about paying your asset finance?

 

If you expect your cash flow to drop temporarily as a result of COVID-19 and you believe you will be unable to make your asset finance repayments, we’ll do our best to help you.

 

We have support available to you depending on your circumstances, which includes the following:

 

 

  • A capital & interest repayment holiday of up to three months.

 

  • The relaxation, amendment or waiver of covenants for the next three months if required.

 

 

 

 

 

 

 

   

 

payments

 

Concerned about other payments?

 

In these uncertain times we can offer help and guidance if you are experiencing financial difficulty. 

 

We recognise that you may need support in managing your existing credit facilities with us and have a number of possible solutions available to you depending on your circumstances.

 

The earlier you get in touch, the easier it will be to work out what the best solution might be.

   


services

 

View products and services to help with you cashflow


Access any of our business support products.

 

We have a range of lending products which can assist your business with cash flow.

 

Manage your daily cashflow through Online Banking and Internet Business Banking as normal.

 

 

 

 

 

 

   

 

payments

 

Treasury Services solutions

 

 

Talk to our dedicated Treasury Services team offering you bespoke treasury business solutions.

 

 

warning FINANCIAL ABUSE: Financial abuse could happen to you or someone you know. Whatever your situation is, you don’t have to deal with it on your own - we can help.  Find out more.

 

Remember AIB will never ask you to transfer money or move it to a safe account or ask you to disclose your security credentials, personal or financial information by phone, email or SMS text message.