SME finance with SBCI

Elizabeth Bradley, Head of Sales Bibby Financial Services Ireland, Suzanne Sweeney, Head of Lending, SBCI & Aoife McGinley, Head of Operations Bibby Financial Services Ireland

SME funding to help your business grow

We are dedicated to supporting the growth ambitions of Irish SMEs with flexible funding and working capital solutions across a variety of sectors.

Our partnership with the Strategic Banking Corporation of Ireland (SBCI), a state backed agency created to deliver lower funding costs to SMEs, allow us to offer a discounted Invoice Finance and Trade Finance services to qualifying businesses.

The SBCI Invoice Finance products are only available through Bibby Financial Services as the SBCI's preferred invoice finance lending partner.

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Our role in supporting SME finance in Ireland

At Bibby Financial Services we understand the importance of SMEs to the Irish economy and our partnership with SBCI enables us to support businesses like yours to grow and thrive. We offer alternative financing options to traditional, unsecured banking products which can help with better cash flow management. Our flexible funding offers another option so you can choose the best financial fit for your business. For more information about this partnership watch our short video or visit the SBCI’s website.

Learn more about the SBCI

Is my business suitable for SBCI funding?

In order to be eligible for SME finance through the SBCI, you need to meet the following criteria:

Less than 250 employees
Annual turnover of less than €50m and/or a balance sheet total less than €43m
The enterprise is an independent, autonomous entity (or, if part of a wider group of enterprises, the entire group must qualify as an SME)
Less than 25% of capital voting rights held by public bodies
The enterprise has a significant presence in Ireland

Find out more about SBCI qualifying criteria

Client case study

Thanks to our partnership with the SBCI, national recruitment company Recruiters were eligible to receive the financial benefit of SBCI funding and a reduction on their Invoice Finance facility.
Watch this video which shows how access to flexible and reliable funding has helped to support the business's daily operations and ongoing growth.

Recruiters case study

Key features and benefits of our SME funding

Features:

The SBCI facility can be used for an immediate cash injection and the ongoing working capital requirements to help you grow and expand your business
We offer competitive funding at a discounted rate of up to 1.3% on our standard facility rates
Funding of up to €5m with minimum facility period of 24 months to avail of the lower SBCI rates
Eligible debt includes domestic and export sales

Benefits:

Competitive: Low cost flexible funding to eligible SMEs for working capital
Speed: SMEs can avail of funding for an immediate cash injection
Growth: Ongoing working capital requirements to help you grow and expand your business
Convenient: All the benefits of an Invoice Finance facility

How to access SME funding

SMEs which want to access lower-cost funding to support their growth plans can contact us direct to discuss their needs.

We have a high level of knowledge of the SME sector which means we are able to provide funding for a range of challenges which are difficult for conventional banks to fund.

Once you contact us we can assess your suitability for Invoice Finance and together with the SBCI we will review the application for approval.