Funding your business growth

We are dedicated to supporting the growth ambitions of the Irish businesses with flexible funding and working capital solutions across a variety of sectors. Our partnership with the Strategic Banking Corporation of Ireland (SBCI) will provide an initial fund of €45m to Irish SMEs.

What is SBCI? 

SBCI is a state backed agency created to provide access to greater financing choices for SMEs through an established network of finance partners such as Bibby Financial Services to deliver lower funding costs to SMEs across Ireland. For more information view our short video or vsit http://sbci.gov.ie for further details.


Does your business qualify for funding? 

To avail of SBCI funding, your business should meet each of 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

Please refer to SBCI for comprehensive detail on qualifying criteria. Some activities/sectors (such as Aquaculture and Fisheries) are excluded, click here for more information.  

Benefits of SBCI Funding

Low cost flexible funding to eligible SMEs for working capital.  SMEs can avail of funding for an immediate cash injection and the ongoing working capital requirements to help you grow and expand your business. 

 

Product 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
  • The funding amount is a minimum of €50,000, with a maximum amount of €5,000,000
  • The minimum funding facility is 2 years
  • Please refer to SBCI for comprehensive detail on qualifying criteria
  • All the benefits of an invoice finance facility 

 

Competitive Funding Rates

We offer competitive funding at a discounted rate of up to 1.5% on our standard facility rates.  

Contact Us

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Call us now

Call us now, or set up a specific date and time for someone from our team to call you. 

application form

Get your free quote

Fill in our short form and we will prepare a quote and send it you.

Bibby SBCI Application Form

Application Form

Complete and return our application form and we will contact you to discuss your funding requirements.

Click on the + for more information below:

The provision of funding for these funding facilities is being made under the De Minimis regulations which permit the provision of State Aid.

SMEs may avail of De Minimis State Aid provided it does not exceed €200,000 in any 3-year period.  In the case of certain facilities, State Aid may arise by virtue of the discounted interest rate received by the SME on SBCI facilities, and if so, the SME will be advised.  It is important to note that the Aid is not the amount of the funding required.

The provision of funding for the De Minimis product is being made under the SBCI Scheme; full details available at http://sbci.gov.ie/

 
 

    • Excluded activitites from SBCI funding:

      • Finance of certain export operations, or finance contingent upon the use of domestic over imported products. In particular, it should not apply to financing the establishment and operation of a distribution network in other States, or current expenditure linked to the export activity.
      • Finance of activities forbidden by national or EU law
      • Agriculture (see specific SBCI Agricultural Investment Loan product), aquaculture and fisheries loans.
      • Please refer to http://sbci.gov.ie for comprehensive detail on specific exclusions.

It is important to be aware that, as part of the application process, Bibby Financial Services is obliged to share any information provided in connection with SBCI funding applications with the SBCI, primarily for the purposes of determining eligibility for the SBCI Scheme.

It may also be shared with the SBCI’s funders (which includes the European Investment Bank, Kredietanstalt für Wiederaufbau and the Ireland Strategic Investment Fund). This will be done with regard to data protection legislation obligations, and full details are provided on our application form. If you decide to proceed with this application you consent to the transfer and use of your information in this manner.  The SBCI may also correspond directly with you from time to time. Eligibility criteria, terms and conditions apply.