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Invoice Finance
Boost your cash flow with Invoice Finance and get early access to money owed to you. Our dedicated client managers have over 600 years’ combined experience.
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What is Invoice Financing?
Invoice Finance provides early access to the money owed to you in unpaid invoices. While you’re waiting for invoices to be paid by your customers, we can advance up to 90% of the invoice cash value to you. This is usually within 24 hours of applying.
Our Invoice Finance solutions include Invoice Factoring and Invoice Discounting. They are both designed to help you access money quickly so you can strengthen your cash flow and support your growth ambitions.
Invoice Factoring
We can help you manage your sales ledger and support your credit control processes.
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Fund your whole sales ledger
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Get support with your sales ledger management
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Customers make payments directly to us
Invoice Discounting
Manage your own sales ledger and credit control with a confidential service.
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Fund your whole sales ledger
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Continue to manage your own credit control
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Confidential service
How can an Invoice Finance facility help my business?
How does Invoice Finance work?
- You deliver goods or services to your customer, and they are sent an invoice.
- We pay you up to 90% of the value of the invoice, typically within 24 hours.
- You can use funding to support your day-to-day cash flow, or to support your growth ambitions.
- When your customer pays the full value of the invoice, you receive the remaining balance, minus our fee
Customer Stories
Flora & Curl
“When orders started to increase, I knew I needed financial support to take Flora & Curl to the next level. The support from Lloyds Bank has allowed me to take on much larger orders and build the brand on an international level.”
Rose Ovensehi, Founder and CEO of Flora & Curl
Zaun Ltd
“Zaun Ltd is a fantastic brand which has built an excellent reputation within the manufacturing industry. Over the years, we’ve been committed to supporting the firm with its growth ambitions through Invoice Finance and the Coronavirus Business Interruption Loan Scheme.”
Nash Lal, Relationship Director, SME Banking at Lloyds Bank
Juice Global
“In the early days, Invoice Finance was the life force of the business. As we’ve grown as an organisation, the Invoice Finance facility has grown with us, and we’ve been able to use it for different things – like investing for more growth or weathering storms.”
Joe Bennet, Juice Founder and CEO
The Drinks Club
“It would’ve been almost impossible for us to launch the company without Lloyds Bank’s support, and it would’ve been equally difficult to grow the business without the Invoice Finance solution.”
Stuart Randall, founder and Managing Director of The Drinks Club
Westaway Sausages
“We credit Lloyds Bank’s support with allowing us to punch above our weight. It has enabled us to seize new contracts and act quickly, even when faced with short payment terms from suppliers.”
Ilona Baughan, Finance Director, Westaway Sausages
The benefits of using Invoice Finance at Lloyds Bank
Frequently asked questions
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Customers failing to pay the money owed to you is a risk that every business faces, and the consequences can be detrimental. Debtor protection aims to protect your business from the risk of unpaid invoices. It is an additional service that works alongside Invoice Finance and can help protect a business from bad debts, non-payment or insolvency. Our Debtor Protection is a low-cost, easy to manage facility that will protect up to 90% of the value of your invoices, giving you peace of mind.
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No, you can apply even if you don’t bank with us.
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Fast 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.
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Yes, accounts receivables financing is the same as Invoice Financing and allows you to raise funds against unpaid invoices.
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If you use Invoice Factoring, yes. Invoice Discounting is a confidential service, so your customers won’t know you are using it.
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Invoice Finance uses your sales ledger to unlock up to 90% of your unpaid invoices, typically within 24 hours. Invoice Finance available funds grows in line with your business sales unlike loans and overdrafts.
Debtor protection
Give yourself peace of mind by protecting up to 90% of an invoice, should your customer fail to pay.
Available alongside a Lloyds Bank Invoice Factoring or Invoice Discounting facility, and if your business turnover is more than £200,000.
Log on to access your existing facility or speak to a specialist
Factoring and Invoice Discounting facilities may be provided by one or more of Lloyds Bank Commercial Finance Limited, Lloyds Bank plc and Bank of Scotland plc. Lloyds Bank Commercial Finance Limited. Registered in England & Wales no. 733011. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Lloyds Bank plc. Registered in England and Wales no. 2065. Registered Office: 25 Gresham Street, London EC2V 7HN.
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.
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.