How to raise finance for your business

Sally Ann Mulholland, Business Manager, AIB Bank Donegal

*We aim to provide a decision within 48 hours upon receipt of all required information. 48 hours excludes Sat., Sun. & Bank Holidays. Customers experiencing financial difficulties may require additional time**Based on Ipsos MRBI Financial Services Monitor January - 2015 ***Offer is available to Start-Up businesses in operation for less than three years and opening an AIB Business Start-Up Current Account for the first time. Open a Business Start-Up Current Account and for the first two years we’ll waive Account Maintenance and Transaction fees. Other fee and charges may apply including Service Charges and International Transaction Charges

The AIB ‘Backing Brave’ is a long term programme of initiatives that acknowledges the bravery of entrepreneurs and SMEs and over time will demonstrate how we support our brave small business and farming customers

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No.1 for Start-UpsWe’re the No. 1 Bank for Start-Ups**AIB has the largest market share of main current accounts amongst SMEs in operation for up to 3 years

Extended HoursVia SME Direct team

Available to call from 8am – 9pm Mon to Fri and 9am - 6pm on Saturdays

€30k in 48 HoursQuick and responsive credit decisions for AIB Customers on new Business Loans & Overdrafts up to €30,000*

2 Years No FeesWe won’t charge account transaction fees on new Business Start-Up current accounts for the first two years***

185 Branch Based Business Advisors185 Business Advisors Nationwide for Start-Ups to help give your business the support it needs

For the first 2 years we’ll waive:• Account maintenance and

transaction fees• Cash handling fees up to €100

per quarter• iBusiness Banking customer

subscription (worth €500)• AIB Merchant Services offer

Business Start-Up Package

Discounted Loan Options:• Start-Up Loan – 1% discount off

Standard Variable Rate

Start-Up Academy – 2nd Programme Underway• Supporting entrepreneurs across Ireland• Bringing them together with like-minded people• Nationwide networking events

• Start Ups compete to take part in an intensive 8 week training module

• Finalists compete for overall prize which aims to transform the winners business

3Please Note: Offer is available to start-up businesses in operation for less than three years and opening an AIB Business Start-up Current Account for the first time. Open aBusiness Start-up Current Account and, for the first two years, we’ll waive Account Maintenance and Transaction Fees. Other fees and charges may apply, including ServiceCharges and International Transaction Charges.

What is it?Loans

A Start-Up Loan is finance provided by the Bank to a Start-Up business which must be repaid by a certain date and with a specified rate of interest. At AIB we have a special Start-Up package.START-UP LOAN

Funding provided by the bank to be repaid by a certain date and with a specified rate of interest.BUSINESS LOAN

A business overdraft allows your current account to go into an overdrawn position, up to a pre-agreed limit. There is no fixed repayment period but an overdraft is repayable on demand and is subject to annual review and it may/may not be renewed.

BUSINESS OVERDRAFT

Finance to purchase new assets through leasing or hire purchase. Finance is available over a 2 – 5 year period. Longer terms can be arranged where appropriate.ASSET FINANCE

Short term finance for business which helps to spread the cost of once-off payments/insurance payments for up to a period of 11 months to improve business cash-flow.

PROMPT PAY/INSURANCE PREMIUM FINANCE

€30k in 48 hours – we offer AIB Customers credit decisions on new loans and overdrafts up to €30,000 in 48 hours

Types of Credit Available

Flexible and competitive working capital offer for SMEs and Farmers.CREDIT LINE

What is it?Working Capital

AIB secured an additional €200 million of SBCI funding in December 2015 bringing the total to €400m.More than 5000 AIB clients have availed of the initial €200m funding since March 2015

*Available to most SMEs and Farmers subject to certain exclusions. Go to www.aib.ie/sbci for the full list of exclusions.The support of the Governments SBCI Fund has state aid implications5

Multi Purpose Loans Available*• Working capital and investments• Refinance of loans held with certain banks exiting the Irish market• Agricultural investment loans

Loans of up to €5m for between 2 and 10 yearsLoan amounts of up to €5m are available over terms from 2 years up to a maximum of 10 years

4.5% Per Annum Variable RateA very competitive interest rate which is 2% below the Standard Variable Business Loan rate

The main features are:

Strategic Banking Corporation of Ireland

Access to credit

AIB has sufficient capital to meet all SME credit demands

At the simplest level the business has to

demonstrate how it will repay the facility

Cash flow focussed lending

Good credit decisions have to be informed by information

Borrowers must

demonstrate viability

Simple Steps to applying for finance

We want to support you with your application

Step 1 – Talk to us Step 2 – Prepare a Business Plan Step 3 – What we need from you Step 4 – Submitting your application

Start, Manage and Grow Your Business

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We’ve teamed up with Business Centric Services Group Ltd. (BCSG) to introduce AIB customers to a tailored suite of business applications called MyBusinessToolkit at a heavily discounted price.

The Toolkit offers market-leading cloud-based business apps which help customers to:• Manage their accounts and payroll with Sage• Build a business website and online shop with bOnline• Record expenses at the click of a button with Receipt Bank• Create a professional business plan with PlanHQ – available free to AIB customers• Protect their business files though data back-up with MozyPro.

MyBusinessToolkit is a service provided by BCSG (Ireland) Limited. BCSG is a separate legal entity from Allied Irish Banks, plc.. and its subsidiaries. Allied Irish Banks, plc.. is acting as an introducer to BCSG (Ireland) Limited in relation to the provision of MyBusinessToolkit. Please note that the provision of this service is not regulated by the CentralBank of Ireland

What can I do if my bank can’t support my request?

• Understand why the bank has made the decision • Revise the application or provide additional information • Internal appeal – Ask your bank to appeal the decision• Credit Review Office• Government Guarantee Scheme• Micro Finance Ireland

Helpful Guides & Online Tools

There are fantastic online supports for small businesses http://business.aib.ie/help

Business Plan Template

Cashflow Forecast Tool

Asset/Liability Statement Template

Links to support agencies

AIB is committed to supporting SMEs and growth in the Irish Economy

Meeting all of the Banking needs of our SME customers

Providing innovative and relevant products & services

Provide sector expertise and continue to deepen our understanding of sector customers’ needs

Demonstrate our commitment to SMEs and increasing our capacity to respond to requests quickly

Local empowerment

Putting Our Customers First

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Please come and talk to ussally-ann.a.mulholland@aib.ie(086) 8241324Sally-Ann Mulholland

Important Regulatory Information

Lending criteria, terms and conditions apply.Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.