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A new €45m invoicing finance fund has been launched to help businesses in Ireland access finance. This new fund, a partnership between the Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI), enables businesses to access favourable rates for BFSI's invoice finance facilities and is available immediately.

This is good news for businesses looking for assistance with cash flow as invoice financing frees up cash for businesses by providing upfront payment against the value of outstanding invoices. 

Helping businesses access finance

This new €45 million package further diversifies the funding available to SMEs at a critical time for Irish businesses, especially those who include exports to the UK as part of their sales. It is a welcome fact that Bibby Financial Services is a global business with a strong presence throughout the UK and Ireland. Irish SMEs are now in a position to benefit from SBCI funding available through an expert Invoice Finance provider - Minister Noonan

This is part of the SBCI's ongoing efforts to drive competition and choice in the Irish lending market. BFSI is SBCI’s first invoice finance partner, fourth non-bank provider and seventh on-lending partner.

For more information

Find out more about this fund and other SBCI products for business on the SBCI website.

Find out more about Bibby Financial Services Ireland.