image of someone making a purchase

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?

Managing unexpected expense expandable section
Investing for growth expandable section
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.

Small Business Loans

Business loans up to £25,000

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

Choose between our fixed rate and base rate loans over a term that suits you. Security may be required.

Get an online quote in minutes, without affecting your credit rating. 99% of customers who used this tool and opened the same product received an offer rate that was the same, better or no more than 10% above their indicative quote.

More about small Business Loans

Larger Business Loans

Borrow between £25,001 and £10 million

If you’re looking to grow, take advantage of new opportunities, or invest in your business – our Larger Business Loans from £25,001 can help your business thrive.

We are participating in the Recovery Loan Scheme (RLS). The scheme launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.

Businesses who have already taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme.

If you require a loan between £25,001 and £10 million and you meet scheme criteria and our credit criteria, we may be able to offer you a loan under the Recovery Loan Scheme

More about Larger Business Loans

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 offer you a cost-effective means to invest in the assets you need to be able to grow your business, and support the development and delivery of new and enhanced products and services.

Funding starts at £15,000 (minimum deposit of 10%).

More about Asset Finance

Check eligibility and get a quote

Asset Finance is available to new and existing Lloyds Bank customers.

The asset must be for use in your business

Your turnover must be more than £100,000 per annum

You must have been trading for a minimum of 24 months and be UK-based.

Get an online quote for Hire Purchase

Find out how much you need to pay each month for assets up to £150,000.

We won’t run any credit checks on you or your business.

Get a quote

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 cash flow expandable section
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.

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. 99% of customers who used this tool and opened the same product received an offer rate that was the same, better or no more than 10% above their indicative quote.

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

Selective Invoice Finance

For businesses with occasional or seasonal cash flow challenges.

Our online eligibility check is easy and should only take a few minutes to complete.

More about selective Invoice Finance

Invoice Factoring and Invoice Discounting

For businesses who would benefit from an ongoing boost to their cash flow.

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

More about Invoice Factoring and Discounting

Asset Finance

Keeping your business running effectively involves purchasing assets from time to time.

Asset Finance helps you afford the right asset for your business, without compromising your cash flow.

With no up-front payment, hire the asset you need and provide fixed regular payments over an agreed term. If you choose to, you can own the asset at the end of the term by paying a one-off option to purchase fee.

Funding starts at £15,000 (minimum deposit of 10%).

More about Asset Finance

Check eligibility and get a quote

Asset Finance is available to new and existing Lloyds Bank customers.

The asset must be for use in your business

Your turnover must be more than £100,000 per annum

You must have been trading for a minimum of 24 months and be UK-based.

Get an online quote for Hire Purchase

Find out how much you need to pay each month for assets up to £150,000.

We won’t run any credit checks on you or your business.

Get a quote

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.

Merchant Cash Advance

Turn your future card sales into working capital. Get a cash advance of £2,500 to £300,000

Business finance that you pay back as a percentage of each card transaction

Payments automatically calculated and deducted

You need to be a Lloyds Bank Cardnet customer to apply and funds could be in your account 2 working days after acceptance

More about Merchant Cash Advance

How to apply

For existing Lloyds Bank Cardnet Customers

Merchant Cash Advance is provided through our referral partner Liberis

Apply now for Liberis Merchant Cash Advance

If you’re new to Lloyds Bank Cardnet:

If you are interested in Merchant Cash Advance and are new to Lloyds Bank Cardnet with at least 4 months card trading history please call on

0345 604 4635

(Lines are open 9am-5pm Monday – Friday)
Importing & Exporting expandable section

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.

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.

image of a baker

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.

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.

Check eligibility and get started

To be eligible for our platform:

You must be a limited company
You must invoice other UK businesses
You must have a compatible accountancy software package (PDF, 117KB)

To be eligible to fund invoices, you must meet all eligibility criteria and:

You must have been trading for 6 months or longer
Your turnover must be more than £100,000 per annum

Check eligibility

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.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

All lending is subject to status. Security may be required.

*There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

The provision of credit or leasing services is subject to you meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.