Making a bank credit application
The application process for bank credit has become more detailed and onerous in recent years. Existing borrowers and new applicants are required to provide significant information to support their borrowing, including accounts, business plans, profit monitors, etc.
Below are some resources to assist farmer borrowers in this process, to provide them with information prior to making an application, and increase their chances of a successful application.
- A common agri-application form that has been developed by the three banks, AIB, Bank of Ireland and Ulster Bank.
- Guidelines on making a farm credit application developed by the Irish Banking Federation.
The Credit Review Office provides assistance to farm borrowers who have had an application for credit of up to €500K declined or reduced, and who feel that they have a viable business proposition.