Tuesday July 14, 2020

Deal will provide €45m for Irish businesses

SBCI agrees invoice financing agreement with specialist

13th July, 2016
BFSI's Bernard O'Hare and SBCI chief executive Nick Ashmore Pic: Fennell Photography

The State-backed Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have announced a deal which they say will make €45m available to Irish businesses.

The money will come from a new lower-cost invoice financing fund for Irish small and medium-sized businesses (SMEs). Invoice financing frees up cash for businesses by providing upfront payment against the value of outstanding invoices.

SBCI boost for business with lower lending rates...

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