For firms of all sizes cash is king and asset based lending facilities such as factoring and invoice discounting are perfectly suited to generating the working capital without extending your overdraft or taking out a traditional business loan.
Strong cash flow is essential in meeting a business’ day-to-day expenses and obligations, including paying customers, employees and creditors.
Access to working capital is also crucial for ambitious firms looking to seize new growth opportunities and execute successful expansion strategies.
Asset based lending, which includes factoring and invoice discounting, is an efficient and effective tool for quickly increasing liquidity, as it enables a company to leverage the value of existing assets such as invoices, stock, machinery and property.
By unlocking the balance sheet, this form of finance releases working capital at a rate and scale which can suit the short, medium and long-term requirements of your business.
And because Lloyds TSB Commercial Finance’s facilities are linked to your existing assets, we can quickly finance your working capital requirements and provide access to more funding than traditional options such as overdrafts and business loans.
Our business funding solutions are particularly suited to:
- Bridging the gap between invoicing and receiving payment from your customers
- Supporting contract wins by providing funding for raw material and labour costs required to fulfil the agreements
- Managing seasonal spikes in demand by strengthening cash flow ahead of a busy trading period
- Since it only takes one bad debt to cause a cash flow crisis, Lloyds TSB Commercial Finance also offers Debtor Protection.
These trade credit policies (Debtor Protection) 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 working capital 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.