As businesses grow and evolve, so do their financial needs. At Lloyds TSB Commercial Finance we want to make sure you can finance your business plans in the most suitable way for your business. We will work with you to identify the individual needs of your business in order to structure a flexible funding package to suit you. This could be to fund periods of aggressive growth, to refinance your existing working capital, to help finance a management buy-out or buy-in or even to fund an acquisition.
Factoring
With our factoring product, you no longer have to wait weeks before you receive the funds tied up in your invoices because we can pay up to 90% of the value of your invoices normally within 24 hours of raising them. This immediately eases any cashflow problems so that you have the funds you need to invest in your business. We can also offer credit management within the facility leaving you with more time to concentrate on product development, sales and expansion.
Invoice Discounting
With our Invoice Discounting product, you no longer have to wait weeks before you receive the funds tied up in your invoices because we can pay up to 85% of the value of your invoices normally within 24 hours of raising them. This immediately eases any cashflow problems, so that you have the funds you need to invest in your business. In general there is no intervention in your credit management system and we are therefore not visible to your customer or debtor. We can also increase the funds advanced to you by taking into consideration a selection of your assets.
CashFriday
CashFriday provides a tailored service offering funding, payroll and credit control services to recruitment agencies. We fund 100% of the wage bill, and we can also pay suppliers or other creditors. Furthermore, we can manage all aspects of your payroll and invoicing ensuring your business has maximum time to spend on sales and development. We can also run the credit control including managing risk by using debtor insurance.
Back Office and Payroll Finance is provided by CashFriday, a trading name of Lloyds TSB Commercial Finance Limited.
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.