Refinancing and restructuring
As your business develops and changes, so do your requirements for finance. Existing arrangements can become restrictive or just plain inflexible. Refinancing and restructuring your finances maximises your headroom. It often also lowers the servicing costs. Here at Lloyds TSB Commercial Finance, we offer a range of solutions to help you refinance and restructure.
Invoice discounting offers a more flexible alternative to traditional facilities. It removes the need to renegotiate limits because our funding grows with you as your business grows. Our services are more accommodating than loan finance, which requires capital repayment, restricting available cash flow rather than the rolling or evergreen payment schedule offered by us.
How does it work?
Invoice discounting, allows businesses to release working capital. It provides cash by releasing up to 90% of the value of unpaid sales invoices within 24 hours of them being raised. The balance is then made available when your customers settle their outstanding debts.
Taking into consideration stock, plant and machinery, land and buildings can further increase funds advanced. The exact mix of assets utilised will depend on your needs and the strength of security in the assets themselves.
The headroom gained with invoice discounting and other asset based facilities allows you to repay existing commitments to reduce financing costs, finance investments or assist in settling one-off costs associated with a restructuring exercise.
What is the next step?
To discover how effective invoice discounting could be for you, you may obtain a no-obligation instant quote online. We will then arrange for a Regional Manager to give you a call to answer any questions you may have and to discuss your situation.
