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Invoice Discounting
Grow your business and access money by releasing funds tied up in unpaid invoices with our confidential service.
Get a quoteWhat is Invoice Discounting?
Invoice Discounting allows you to finance your sales ledger on an ongoing basis and release funds against unpaid invoices. It can help you to manage cash flow, so you can plan ahead with confidence and invest in staff, materials and equipment, while you’re waiting for customers to pay.
It’s a confidential service, so your customers won’t know that you are using it - and you’ll continue to manage your own credit control processes.
How can an Invoice Finance facility help my business?
What are the differences between Invoice Discounting and Invoice Factoring?
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Invoice Discounting |
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Funds whole sales ledger |
Invoice Discounting
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Invoice Factoring
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Credit control services |
Invoice DiscountingNot available |
Invoice Factoring
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Confidential service so customers are not aware |
Invoice Discounting
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Invoice FactoringNot available |
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Invoice Discounting
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Invoice Factoring
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Invoice Discounting
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Invoice FactoringNot available |
What do our customers say about Invoice Discounting?
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
How does Invoice Discounting work?
- Day 1: You supply services or goods to your customer and send invoice details to us. The invoice is sent to your customer, with payment terms and details clearly marked.
- Day 2: We pay you up to 90% of the invoice value, typically within 24 hours.
- Day 2-30: You can use your funds to support your business ambitions.
- Day 30+: Full payment received from customer. We forward on the balance of the invoice value to you, minus a small fee.
Frequently asked questions
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No, You can apply even if you don’t bank with us.
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If your business would benefit from an ongoing boost to its cash flow and it turns over more than £250,000, then Invoice Discounting is a flexible solution that allows you to continue managing your sales ledger and credit control processes.
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With Invoice Finance Online (IFO), our mobile-enabled platform puts you in control of your facility wherever you are so you can focus on growing your business. IFO allows you to receive same-day updates for your facility balances so you’ll always know how much you can request and gives you the control to manage your own users, passwords and authorisation limits.
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No, Invoice Discounting is a confidential service, so your customers won’t know you are using it.
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It won’t, although we review your personal credit files as part of our checks, it won’t affect your credit score or ability to get personal finance.
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Invoice Finance available funds grow in line with your business sales unlike loans and overdrafts. Get a quote today to get an indication of our fees and charges.
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Call us 0800 169 4356. Lines are open from 9am to 5pm, Monday to Friday, except public holidays. Alternatively request a call back.
Asset Based Lending
Increase your working capital by turning business assets into cash.
Available alongside a Lloyds Bank Invoice Discounting facility, and if your business turnover is more than £10 million.
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.
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.