• Home
    • ...
    • Borrowing for your Business

     

    Borrowing for your business

    Whatever business opportunities or challenges you face; we have finance solutions to help you thrive.

    Helping you choose the right finance, at the right time.

    Whether you’re an established business or just starting out, finding the right finance product to meet your needs can be difficult.

    At Lloyds Bank, we want to make it simple for you to compare and choose our products, whatever your business circumstances.

    What are you looking to finance?

    • Investing for growth

      When you see an opportunity to build your business, you may require an injection of funds to fuel that next step.

      Using surplus business cash may be your first move towards funding growth. Beyond this step, there are a variety of funding options available.

      What’s best for you depends very much on your circumstances – which is why our Business Loans and Asset Finance products can be tailored to suit you.

      Business Loans to meet your needs

      Depending on your business requirements, we have a loan to suit you.

      Choose between a range of loan options including Fixed Rate and Base Rate Loans.

      • Fixed Rate Loan: Borrow £1,000+ over 1-25 years (depending on loan amount, term restrictions may vary). With a fixed interest rate, you can be certain of your monthly repayment costs and can budget accordingly.*
      • Base Rate Loan: Borrow £1,000+ over 1-25 years. Linked to the Bank of England bank rate, the interest you pay will change as the bank rate changes.

      Get an online quote  in minutes, without affecting your credit rating. 

      More about Business Loans

      Government-backed lending schemes

      The UK Government has introduced three government-backed schemes that may be able to help if you have been impacted by the coronavirus pandemic.

      The deadline for new applications is 31 January 2021.

      More about Government Schemes

      Grow with Asset Finance

      Growing your business can mean investing in assets; and having the right equipment at the right time can be a crucial source of competitive advantage.

      Our Asset Finance solutions can offer you a cost-effective means to invest in the business-critical assets you need to be able to grow; and support the development and delivery of new and enhanced products and services.

      Funding starts at £15,000. 

      More about Asset Finance

      Check eligibility and enquire

      Is your business eligible?

      • You must have a minimum turnover of £100,000 per annum
      • You must have been trading for a minimum of 24 months and be UK-based
      • Available even if you bank elsewhere.

      Enquire online

      Complete our enquiry form and one of our Asset Finance specialists will be in touch to discuss your business needs.  

      Enquire now

      Liquidity support

      Boost your cash and fuel business investment by improving the way you manage your funds.

      Business Instant Access Access funds when you need to, whilst still earning interest.

      Notice Accounts Earn interest monthly and with no fixed term, but you’ll need to provide notice before you can withdraw funds.

      Fixed Term Deposit Lock your funds away for a fixed term that suits you, from overnight to 3 years. You won’t be able to access funds until the maturity date.

      More about savings

      Make your money work harder

      Our Savings Strategy Tool will match your cash forecasts against our available savings products, giving you a strategy that helps maximise your cash, and is bespoke to your needs.

      Get your savings strategy

    • Managing your business cash flow

      Even the best-managed businesses can run into cash flow problems due to circumstances beyond their control.

      Ironing out cash flow fluctuations will help solve short-term problems and enable you to focus on the long-term success of your business.

      We have a range of products to help you counter any problems, and support the day-to-day running of your business.

      image of mechanics

      Business Overdraft

      A Business Overdraft is a useful safety net, giving you extra funds when you need them.

      • Apply for a limit that suits your business (starting from £500).
      • Only pay interest on the funds you use.
      • The interest rate is linked to the Bank of England bank rate, which may vary from time to time. 
      • Get an online quote in minutes, without affecting your credit rating.
      More about Business Overdrafts

      How to apply

      Business turnover between £0-3m

      You can apply online if you already have a Business Current Account with us. 

      Log on and apply

      Business turnover between £3m-£25m

      Completing our online enquiry form takes about 10 minutes. Once we receive it, we’ll contact you to discuss your business needs.

      Enquire now

      Business Credit and Charge Cards

      The cost-effective way to prevent business expenses from disrupting your cash flow.

      With our Business Credit Card, you can access longer term credit when you have limited funds available.

      • Borrow up to £10,000 with flexible repayment options
      • Up to 45 days interest-free on sterling purchases if the balance is paid in full and on time
      • Issue up to 20 cardholders, each with their own spending limits

      Access short-term funding with our Business Charge Card.

      • Borrowing starts at £1,000
      • No interest to pay as your balance is paid in full each month
      • Issue as many cardholders as you need, each with their own spending limits 
      More about Business Cards

      How to apply

      Existing customers registered for Online for Business can apply online

      Log on and apply

      If you’re unable to log in and apply, talk to us:

      If your business has a turnover of up to £3m
      Call 0345 072 5555

      If your business has a turnover above £3m
      Call 0800 022 4395

      Lines open 9am to 5pm, Monday to Friday, except public holidays. 

      Invoice Finance

      A predictable cash flow helps you plan with confidence.

      Whilst you’re waiting for invoices to be paid for products or services you’ve provided, we can advance up to 90% of the invoice cash value to you, usually within 24 hours.

      Instant access to funds helps strengthen your cash flow, giving you increased flexibility and headroom between incurring expenses e.g. buying goods and manufacturing costs, and selling products. You can use funds to support growth, develop new products, target new markets or finance acquisitions.

      More about Invoice Finance

      Check eligibility and enquire

      Is your business eligible?

      • You must have a minimum turnover of £50,000 per annum 
      • You must be trading business-to-business and on credit terms
      • Available even if you bank elsewhere


      Get an online quote

      Find out which Invoice Finance solution is right for your business, and get an instant idea of costs.

      Get a quote

      Asset Finance

      Keeping your business running effectively involves the purchase of assets from time to time.

      Being able to fund a new asset over its useful life can avoid an upfront hit on your cash reserves and help you afford the right asset, rather than having to compromise.

      Asset Finance can help you fund the purchase of a wide range of assets, with regular payments fixed over an agreed period to help you manage your cash flow.

      Funding starts at £15,000.

      More about Asset Finance

      Check eligibility and enquire

      Is your business eligible?

      • You must have a minimum turnover of £100,000 per annum
      • You must have been trading for a minimum of 24 months and be UK-based
      • Available even if you bank elsewhere.

      Enquire about Asset Finance

      Complete our enquiry form and one of our Asset Finance specialists will be in touch to discuss your business needs.  

      Enquire now

      Vehicle Contract Hire

      Vehicle Contract Hire can be a cost-effective way to manage company transport costs. Extras, such as maintenance costs, can be taken care of so you can get on with running your business.

      • Competitive monthly rentals
      • Pay a budget-friendly, fixed monthly rate
      • Can be VAT efficient for most businesses. 
      More about Vehicle Contract Hire

      How to enquire

      Talk to us

      Call 0344 755 0504 to talk to one of our Relationship Managers.

      Lines open 9am to 5pm, Monday to Friday, except public holidays. 

    • Importing and Exporting

      Trading internationally can create opportunity for your business, but you may need support with your working capital.

      Our products can help reduce risk and accelerate cash flow, allowing you to trade with confidence.

      What’s right for you depends on your circumstance – which is why our products can be tailored to meet your cash flow lifecycle.

      image of an airport window

      Importing

      Depending on your business requirements, we can provide short-term funding solutions tailored to your needs – helping your business to grow and expand into new markets.

      We can finance the time difference between you making payment to your supplier(s), having the goods in-transit, and you receiving payment from your end-buyer(s); supporting your business cash flow at a time when you may need it most.

      Our International Trade Portal can also support you: a global source of trade opportunities and information, and a powerful insight platform with practical support that helps you trade internationally with your chosen market. 

      More about Importing

      How to enquire

      Discuss your business needs with a Trade Specialist

      Call 0345 835 5722

      Lines are open 8.30am to 5.30pm, Monday to Friday, except public holidays.   

      Exporting

      Exporting is a good way for your business to reach more markets and grow.

      Opening up to new markets can be your route to extra growth and profitability, but can also bring risk to your business - we’re here to provide the support and guidance you need when trading overseas.

      From short-term funding through export trade finance solutions, to helping ensure you get paid on time with Letters of Credit, we can support you.

      Our International Trade Portal can also support you: a global source of trade opportunities and information, and a powerful insight platform with practical support that helps you trade internationally with your chosen market.

      More about Exporting

      How to enquire

      Discuss your business needs with a Trade Specialist

      Call 0345 835 5722

      Lines are open 8.30am to 5.30pm, Monday to Friday, except public holidays.  

       

    Managing unexpected expense

    However well you plan ahead, there will always be unforeseen circumstances.

    From a Business Overdraft, to Credit and Charge Cards, we have a range of tools to help you prepare for and cope with unexpected expenses.

    image of a baker

    Business Overdraft

    A Business Overdraft is a useful safety net, giving you extra funds when you need them.

    • Apply for a limit that suits your business (starting from £500).
    • Only pay interest on the funds you use.
    • The interest rate is linked to the Bank of England bank rate, which may vary from time to time.
    • Get an online quote in minutes, without affecting your credit rating.
    More about Business Overdrafts

    How to apply

    Business turnover between £0-3m

    You can apply online if you already have a Business Current Account with us. 

    Log on and apply

    Business turnover between £3m-£25m

    Completing our online enquiry form takes about 10 minutes. Once we receive it, we’ll contact you to discuss your business needs.

    Enquire now

    Business Credit and Charge Cards

    The cost-effective way to manage both regular and out-of-the-ordinary expenses.

    With our Business Credit Card, you can access longer term credit when you have limited funds available:

    • Borrow up to £10,000 with flexible repayment options
    • Up to 45 days interest-free on sterling purchases if the balance is paid in full and on time
    • Issue up to 20 cardholders, each with their own spending limits

    Access short-term funding with our Business Charge Card:

    • Borrowing starts at £1,000
    • No interest to pay as your balance is paid in full each month
    • Issue as many cardholders as you need, each with their own spending limits 
    More about Business Cards

    How to apply

    Existing customers registered for Online for Business can apply online

    Log on and apply

    If you’re unable to log on and apply, talk to us:

    If your business has a turnover of up to £3m

    Call 0345 072 5555

    If your business has a turnover above £3m

    Call 0800 022 4395

    Lines open 9am to 5pm, Monday to Friday, except public holidays. 

    Solutions for larger businesses with an annual turnover of £25m+

    We provide seamless support for businesses with a turnover above £25m across multiple asset classes and products.

    View our corporate solutions

    Useful links

    Lending application

    Lending appeals

    Lending Standards and Support

    Deeds of Priority and Waivers

    Business Finance Guide

    Business Banking Insight

    Making sure you get a fair deal

    We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

    To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

    ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.