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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.

  • 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.
  1. You invoice your debtors.
  2. Summary invoice details are then sent to Allied Irish Bank (GB) Commercial Services.
  3. 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.
  4. You continue to operate your usual credit procedures.
  5. Invoices are paid by debtors and these funds are lodged to a designated collection account.
  6. The balancing 10% of the originally financed debt is made available to you, less Allied Irish Bank (GB) 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.