Lloyds TSB Commercial Finance is a specialist provider of asset finance facilities such as hire purchase and leasing agreements, which provide firms with the flexible business funding they need to make capital purchases and support expansion.
Investing in new machinery, vehicles, tools or technology can be crucial to maintaining your company’s competitive advantage by increasing efficiency, boosting output or diversifying product and services.
By utilising the latest technology and equipment available, businesses can also cut overheads and make a significant positive impact on the bottom line by improving processes, reducing waste and streamlining operations.
However, many firms either don’t have the cash available to fund significant capital investments off their balance sheets or don’t want to put any pressure on cash flow by making a significant outlay or taking on additional debt.
Lloyds TSB Commercial Finance’s asset finance solutions, which includes hire purchase, are more flexible than traditional bank loans and can ease the strain these investments place on working capital by enabling companies to benefit from using the new assets, without paying the total cost upfront.
Hire purchase allows businesses to use the revenue a new piece of equipment generates to spread the cost of its purchase over a number of regular payments during a set period of time.
Alternatively, a leasing agreement gives a firm the exclusive use of an asset for agreed monthly or quarterly rental payments.
Our asset finance packages allow you to:
- Make significant investments in the ongoing development of your business without putting undue pressure on cash flow
- Purchase items such as new and used fleet, plant, machinery or office equipment which will enable you to achieve your growth aspirations
- You can borrow between £10,000 and £10,000,000 using our asset finance solutions and they can form part of a comprehensive asset based lending package which includes other facilities such as factoring and invoice discounting.
We have over 25 years of experience and expertise in asset finance and tailor our lending packages to support the exact strategic objectives of each firm.
Contact us to find out more about how Lloyds TSB Commercial Finance’s flexible asset finance solutions can assist your business.
(Alternatively to find out how much you can raise by using our factoring and invoice discounting services, use our quote engine.)
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.