Lloyds TSB Commercial Finance
Overview
A Trusted Source of Flexible Commercial Finance Solutions
Need to increase liquidity? Want to protect against bad debtors? Whether you're a sole trader, a fast growing start-up, a middle market business, or a large corporate, Lloyds TSB Commercial Finance will help you find the right source of alternative finance:
Factoring, Invoice Discounting, Asset Based Lending, Recruitment Finance, Debtor Protection, Debtor Insurance
What's more, if you're not happy with our service you can leave us with just one months notice and we will refund all charges to you. * Terms and Conditions apply
Find the right finance solution for your business
Asset Finance
Asset finance enables companies to obtain funding for the purchase of assets they need to run & grow their businesses successfully.
Paying cash outright for capital assets can be a significant drain on your company's working capital. With asset finance you will ease your cash flow through regular payments over an agreed period of time.
Funding is available for new & used cars, coaches, light & heavy commercial vehicles, plant, machinery & office equipment.
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Business Charter
We believe that our products and our staff are amongst the best in our industry and our aim is to provide excellent client service at all times - we believe in treating our customers fairly in all our dealings with them.
For this reason we offer all our clients with facilities linked to business invoices our New Business Charter.
The New Business Charter sets out the principles of our working arrangements with you.
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Debtor Insurance
Debtor Insurance provides security for your business by protecting you against your customers’ insolvency or non-payment of invoices.
You may run a very successful business, however, have you thought about what would happen if one of your customers became insolvent?
What would the impact be on your business?
At Lloyds TSB Commercial Finance we have a dedicated team who will work with you and provide you with a low cost, easy to manage service. This could protect you from potentially damaging losses if a major customer suddenly fails.
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Debtor Protection
Debtor Protection provides security for your business by protecting you against insolvency or non payment of invoices by your customers.
You may run a very successful business, however, have you thought about what would happen to your business if one of your customers became insolvent? What would the impact be on your business?
At Lloyds TSB Commercial Finance we have a dedicated team who will work with you and provide you with a low cost, easy to manage service which could protect you from potentially damaging losses if a major customer suddenly fails.
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Factoring
Factoring is a flexible form of finance, which advances money to a company as and when it issues new invoices.
Factoring can bridge the gap between raising an invoice and getting that invoice paid. Factoring provides the cash flow necessary for working capital and growth.
Factoring from Lloyds TSB Commercial Finance is designed for businesses with a turnover greater than £100,000.
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Invoice Discounting
With our invoice discounting product, you will receive advances of funds against outstanding sales invoices.
Up to 85% of the value of your invoices can be paid out within 24 hours of raising them.
Funds advanced under invoice discounting can be increased when a selection of assets is taken into consideration:
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Recruitment Finance
Lloyds TSB Commercial Finance specialises in providing funding and payroll services for the UK temporary recruitment sector.
The service is designed for all sizes of recruitment business and can provide invaluable support to both new and established agencies.
We provide a fully outsourced payroll management and funding service, which means temps get paid on time, whilst freeing up time to get the business moving in the right direction.
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Tailored to you
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You may be interested in our...
Protecting the Sales Ledger
In tough trading conditions, late or non-payment by customers can have a disastrous effect on cash flow and is often the main reason why a business begins to struggle. Now more than ever, it is crucial that firms protect their sales ledgers in order to maintain strong cash flow levels.
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Using ABL to Refinance
In the current economic climate, more large businesses are finding that their existing funding facilities may not be the most appropriate for their needs. This has led to a rise in companies looking to refinance and renegotiate their lending terms when their existing packages expire.
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Investing in the future
By improving efficiency, diversifying products or entering new territories, viable businesses can find ways to thrive during the recession.
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Multinational manufacturer secures £4.5 million funding package
A specialist mineral extraction group based in Spain has secured a £4.5 million funding package from Lloyds TSB Commercial Finance. The asset based lending package lends against the assets of the business’ Retford-based UK manufacturing arm.
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Huddersfield glass firm manufactures growing success
A Milnsbridge company is on track to take turnover to £4 million this year after investing in machinery to manufacture glass as well as toughening it.
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Young Nottingham entrepreneur secures funding for acquisition
A 23 year old Nottingham entrepreneur has acquired a car hire business, after receiving funding from Lloyds TSB Commercial Finance.
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Top ten tips for boosting cash flow
Since cash is the lifeblood of any business, it’s vital for companies to ensure a steady flow of capital. Commercial Finance works with you to boost your working capital.
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Ensuring cash flows during testing times
‘Let’s keep positive’ by Nick Robson, Regional Director, Large & Major Corporates at Lloyds TSB Commercial Finance.
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Cash management – asset based lending
Simon Featherstone, Managing Director of Lloyds TSB Commercial Finance examines asset based lending and its increased importance to effective cash management in the current climate.
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