Strengthen your working capital and support your growth plans.
Whether you need cash to solve an unexpected problem or to make the most of an opportunity, we’re here to help. That’s why we approve 8 out of 10 loan and overdraft applications1.
If your business customers trade on credit terms and invoice in arrears, our two Invoice Finance solutions, Factoring and Invoice Discounting, can help you:
Free up the cash tied up in invoices if your business has an annual turnover of £50,000 or more. As part of the service, we can help you manage your sales ledger and support your credit control processes by providing:
You won’t need to make any awkward calls to customers to chase payment, if you choose we can sensitively and professionally handle your credit control.
Release the cash tied up in invoices, if your business has an annual turnover of £250,000 or more.
Invoice Discounting is a fully confidential finance solution to help free up working capital sooner allowing you to maintain full control of your sales ledger management tasks such as debtor reconciliation and monthly debtor statements.
Your customers will not know you are using the service and you’ll continue to handle all sales ledger administration.
Whether you’re planning to expand or need to deal with day-to-day cash flow, we’re here to help. Our Invoice Finance options mean you can release up to 90% of the value of your invoices, typically within 24 hours.
Asset finance is a way to purchase assets without taking out a conventional loan. It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.
Six lending misconceptions
Finance application checklist
Is your business ready for growth? Read our guide to support your decision making and discover available funding options.
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.
Use our “Rate change calculator” to work out how a change in Bank Rate could affect your loan repayments.
The current Bank of England bank rate with effect from 2 November 2017.
Current Bank of England bank rate: 0.50%
18 out of 10 relates to loans and overdrafts in the period November 2013 to July 2017.
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: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
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.