Banking for manufacturers
Whether you require overdraft facilities to make the most of an immediate opportunity or longer-term funding to support strategic growth, we have a range of flexible finance options and products to suit your needs.
Automotive Tooling Finance
We have developed a Tooling Finance solution that will support automotive manufacturers and suppliers in funding bespoke tooling, with typical terms of up to 24 months and funding provided for up to 90% of the project cost.
Business Loans and Commercial Mortgages
Whatever your plans, we will try to find the right financing solution for you. With loan terms of up to 15 years and a choice of Bank of England base rate linked or fixed rate*, we can tailor a lending solution to meet your needs.
If you need help to invest in machinery to automate your production lines, new plant or other manufacturing equipment, we’ll give you competitive rates and a response typically within 24 hours.
Enterprise Finance Guarantee (EFG)
Through EFG, we can provide access to funding when you lack security, or want to free up your overdraft. We can offer the option of variable or fixed rates of interest, and include capital repayment holidays.
Business Growth Fund (BGF)
This is long-term capital funding designed to help privately-owned and profitable businesses’ investment for growth. Receive up to ten years funding with flexible investment structures tailored to your individual business needs. BGF also provides vital business guidance through taking a seat on your board.
With Invoice Finance, including Invoice Factoring and Invoice Discounting, you can typically receive up to 90% of the value of invoices typically within 24 hours, giving you an instant cash injection or predictable cash flow to help you plan ahead more confidently. The level of available funding automatically grows as your business does.
Asset Based Lending
This enhanced funding mechanism helps raise finance on the high levels of inventory required to run your business smoothly. As a cost effective alternative to borrowing, it provides fast access to working capital and frees up funds tied up in inventory, plant and machinery.
UK manufacturing businesses can play a key role in global supply chains, with manufacturing exports accounting for nearly half of all UK exports. Whether your business is importing supplies or exporting your finished products, our international business managers will understand your requirements. They will help to secure and fund your cashflow and mitigate the financial risks of trading globally.
Our managers have access to a comprehensive range of trade finance, trade facilitation, cash management and foreign exchange products and services.
They can help you to:
- find a quicker, less costly way to send money abroad
- fund overseas projects more efficiently by borrowing in the local currency
- use Documentary Collections, Documentary Letters of Credit, or guarantees, to trade securely with international business partners
- view our range of trade finance services, designed to help you expand overseas successfully.
The Commercial Personal Banking service is a unique relationship-based offer to directors, senior management and key personnel of our larger commercial companies. Your commercial personal banking manager complements your business relationship with us and makes it easier for you to manage all your finances together - however demanding your professional role.
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.
*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 the same rate.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
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.
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.
Invoice Finance, Asset Based Lending and Debtor Protection facilities are provided by Lloyds Bank Commercial Finance. Lloyds Bank Commercial Finance are trading names of Lloyds Bank Commercial Finance Ltd. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011.
Lloyds Bank Commercial Finance Limited is part of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority for activities relating to certain types of consumer credit which are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000.
We are not deposit takers and are not regulated by the Prudential Regulation Authority.
The provision of credit or leasing services is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.