Stockline

Stockline is a flexible and creative form of finance which gives you increased buying power. You can repay Stockline up to 180 days after we pay your supplier. This means you may also be able to negotiate better discounts with suppliers as you pay on delivery and in full. Fees apply.

Tell me more

Stockline is unique to Bank of Ireland UK in the Northern Ireland marketplace. As an insured source of funding, it is not secured on your stock. Designed for businesses who want to complement their day to day cashflow, it can work alongside Invoice Finance or overdraft to give you extra buying power you can dip into quickly so you can:

Manage seasonal demand

Pre-plan to bridge cashflow and currency fluctuations

Buy in advance to protect your business from price increases and commodity fluctuations

Enhance your product range

Negotiate with your suppliers for the best prices and discounts

Enhance your supplier relationships with prompt payments

Offer more attractive terms to your own customers giving you the competitive edge

Avail of up to 180 day credit terms

View your Stockline facility free 24/7 on MIDAS, our secure, fast and easy to use online portal, using your phone, tablet, laptop or PC

Is your business suitable for Stockline?

This product is right for you if:

  • Bank of Ireland UK is your main bank
  • Your day to day cashflow needs are funded using Invoice Finance, overdraft and your retained profits
  • You want to buy stock for your business from anywhere in the world
  • You are a Sole Trader, Partnership or Limited Company based mainly in Northern Ireland
  • We can source a Stockline credit insurance limit for your business
  • You are typically a growth oriented company, usually with a minimum of 2–3 years profitable trading and a strong net worth
  • You buy or sell in Sterling, Euro or US Dollar

How does Stockline work?

  • Step 1

    You liaise with your supplier as usual on your stock purchase

    You

    Your supplier

  • Step 2

    Paying your supplier

    When you receive your purchase invoice for the stock you have received, you instruct us to pay it directly to your supplier’s bank account. We can pay Sterling, Euro or US Dollar supplier invoices

    You

    Your supplier

  • Step 3

    Repaying the Bank

    You choose to repay us between 30 and 180 days later (‘maturity date’). Your supplier invoices can be in any currency. You choose the currency in which you want to repay us. Your insured limit is in this currency.

    You

    Us

    You can request supplier payments up to your facility limit (including the cost of fees and charges). Each payment has a ‘maturity date’ up to 180 days later. You must ensure payment is made on that date.

What does Stockline cost?

Your facility is tailored to your individual needs and so your pricing is bespoke for your business.

You pay:

  1. Interest at fixed rate for the period of borrowing.
  2. A Service Charge which is a % of the value of each supplier payment.

Interest and service charges must be repaid on the maturity date. Other transfer fees may apply. All aspects of your Stockline facility will be detailed in your written Agreement with us.

How to get in touch

Email us

cfsales@boi.com

Send us an email

 

Available to business customers only. All lending facilities are subject to the Bank’s lending conditions. Terms and Conditions apply. Bank of Ireland Commercial Finance is a member of UK Finance and operates its business in compliance with the Invoice Finance and Asset Based Standards Framework for members. The Standards Framework, guidance and complaints procedure can be viewed at ukfinance.org.uk. Bank of Ireland UK and Commercial Finance are trading names of Bank of Ireland (UK) plc. Registered in England and Wales (No. 7022885), 45 Gresham Street, London EC2V 7PG