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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.
Don’t let cashflow pressures hold your business back
Join our webinar and hear from Charles Baughan, owner of Westaway Sausages along with Lloyds Invoice Finance experts, as they share their insights on how to improve cash flow and discuss the importance of a flexible financing facility for growing a business.
Date: Thursday 17 October 2024 15:00 – 15:30pm
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?
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.