Invoice finance, which includes factoring and invoice discounting, is a popular choice for firms looking to change their funding requirements but which don’t want to take out a traditional business loan.

There are a wide variety of reasons why you may want to refinance your company.

Whether your existing package is expiring, you’re no longer happy with your current provider or you’re looking for a solution which better matches your business needs, the right refinancing package can provide a significant boost to your firm.

If your current arrangements are restricting cash flow or not providing you with the capital you need to expand, then Lloyds TSB Commercial Finance’s tailored, relationship-based approach to lending will suit you and your company.

Our facilities, which include factoring and invoice discounting, can unlock the hidden value within your balance sheet, ensuring that you can access the cash that is currently tied up in your accounts receivable, stock and fixed assets.

Unlike traditional funding options such as a business loan or overdraft, the borrowing capacity for our facilities is based on the quantity, quality and liquidity of these assets.

We also make our lending decision based on the strength of the management team and their ability to execute the business plan, not historic trading performance.

This makes Lloyds TSB Commercial Finance’s facilities, particularly suited to:

• Quickly unlocking the hidden value within a company’s entire asset base, including its sales ledger, stock, plant, machinery and property
• Advancing cash into a business and allowing it to fulfil maturing debt obligations
• Closely matching an individual firm’s needs and scaling up or down depending on its circumstances and requirements.

When refinancing, many of our clients also opt to add a Debtor Protection facility to the lending package to safeguard against the possible failure of customers.

These trade credit policies protect your company’s working capital by ensuring you receive payment of outstanding invoices should a customer become insolvent.

Contact us to find out more about how Lloyds TSB Commercial Finance’s flexible refinancing 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.