Allied Irish Bank (GB) is launching £2bn of lending funds for medium to large sized businesses seeking finance for growth.
Four £500m funds will be available for businesses in the key economic growth sectors of manufacturing, healthcare, hotels & hospitality and professional practices.
These funds have been launched in response to feedback from customers in these sectors who are anticipating growing demand in 2018 and beyond. The funds will provide a full range of financing options designed to help those businesses invest and ensure they are poised to take advantage of new opportunities and contribute to economic growth. The bank has ring-fenced funds specifically to offer competitively priced finance and full banking facilities with best-in-class relationship driven service to established, growing businesses.
Tony Kelly, Regional Director Midlands and North England, Allied Irish Bank (GB) said: ‘Allied Irish Bank (GB) is a niche commercial bank with recognised expertise in its chosen sectors and markets. Our customers and partners continue to tell us that understanding their businesses and the sectors in which they operate is very important to them. We are delighted to align that well regarded sector expertise and knowledge with these bespoke lending funds to support our customers as they continue to develop long term sustainable businesses.”
Allied Irish Bank (GB)’s lending funds are open to the following:
- Businesses operating in the Manufacturing, Healthcare, Hotels & Hospitality and Professional practice sectors.
- Where drawdown of facilities is to be completed by no later than 31st December 2018.
- For applications before 31st December 2018 or until the fund is fully utilised – whichever occurs first.
Allied Irish Bank (GB) reserves the right to withdraw or amend products at any time. Lending Criteria, terms and conditions apply.
