We have announced a £50 million package of support to our small business customers, as part of a range of emergency measures for those businesses within Carillion’s supply chain which are now in financial difficulty, as a result of Carillion’s liquidation. The fund will be open from Thursday 18th January 2018 and existing small business customers can apply through their usual relationship contacts, who are on hand to support businesses in need of assistance.
The fund is designed to support the working capital needs of small businesses within Carillion’s supply chain that may now be experiencing financial difficulty. It will provide them, subject to credit approval, with arrangement fee-free overdrafts and, for the most severely impacted customers, with capital repayment holidays on loans for an initial six month period, to help with cashflow shortages caused by the liquidation.
Customers will also be able use the fund to extend or draw new invoice discounting or factoring products, free of arrangement fees.
The Group’s support will also include guidance on working capital requirements to help firms unlock cash so they can manage their way through the difficulties they currently face.
If you are within Carillion's supply chain and in financial difficulty, please contact your named Relationship Manager or call our business management team on
0345 072 5555
We are available from 7am to 8pm Monday to Friday and 9am to 2pm on Saturday.
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
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.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.ukVisit the Lending Standards Board website
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. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk/Visit the Financial Services Compensation Scheme website. You can also visit our Financial Services Compensation Scheme page for more details.