Lloyds TSB Commercial Finance has been providing flexible business finance to manufacturers for over 25 years, developing tailored lending packages which boost cash flow, provide investment capital and fund acquisitions without the need to extend overdrafts or take out new business loans.
The manufacturing industry faces a number of issues including fluctuating raw material costs, competition from non-EU firms and an increasingly complex regulatory landscape.
However, by matching their expertise, products and capabilities to their customers’ changing requirements, manufacturers can find sizable international markets for high quality, innovative products.
To effectively capitalise on these opportunities, firms need to invest significantly in research and development, infrastructure and systems and this places significant additional requirements on their finances.
Invoice finance, which includes factoring and invoice discounting, is well suited to the sector as manufacturers often boast healthy balance sheets containing strong sales ledgers and valuable machinery.
By lending against the combined value these and other existing assets, this form of finance can release significant funds which enable you to:
- Boost working capital in order to service new contracts, manage peaks in demand and bridge the gap between issuing invoices and receiving payment
- Fund commercial improvements such as new research and development facilities, expanding capacity or drive efficiencies by purchasing new equipment
- Acquire complementary businesses which bring synergies, enhance product ranges or expand your geographical footprint
- Our facilities allow you to maintain a degree of financial control not always possible with other forms of funding and can be easily tailored so they closely match your firm’s strategic objectives and are structured to support its ongoing expansion.
It’s these traits which are making invoice finance, which includes factoring and invoice discounting, a popular finance solution in the manufacturing industry where flexibility and innovation is the key to success.
Contact us to find out more about how Lloyds TSB Commercial Finance’s funding solutions could assist your manufacturing 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.