Solutions to help you go further
Lloyds TSB Commercial Finance provides flexible business finance to leisure and tourism firms that are looking to improve cash flow without taking out a traditional business loan. Our tailored finance solutions such as factoring and invoice discounting can provide funding to help firms invest in their development and manage seasonality.
Managing fluctuations in demand is the key concern for leisure and tourism companies, as they must balance expenditure in the low season against sales projections for the high season.
Investment in facilities, property renovations and marketing can put pressure on cash flow as firms aim to capitalise on opportunities as they arise.
When trade is brisk, management must also have rapid access to the cash needed to increase capacity and pay suppliers and staff.
Invoice finance is a flexible funding option for firms that need to generate working capital in order to support a company’s strategic objectives.
Using factoring and invoice discounting, leisure and tourism businesses can leverage the value of their existing assets, such as property, equipment and invoices, to ensure cash flow levels remain healthy.
By using this form of finance you can:
- Boost cash flow to effectively manage seasonal peaks in demand
- Release the cash needed to upgrade your facilities in order to stay ahead of the competition
- Invest in marketing to attract new custom and maximise advance bookings for the forthcoming season of trade
- Access the capital required to acquire complementary or competing businesses, boosting your market share and increase the scale of your operations
Our tailored finance packages are devised to match a firm’s exact requirements, releasing capital at the rate and scale required to support your expansion strategy.
Companies can therefore maintain a high degree of control over their cash flow, something that is not always possible with other types of lending.
As a result, factoring and invoice discounting have become increasingly popular financial solutions for leisure and tourism businesses, where flexibility and sustained investment are the key to success.
Contact us to find out more about how Lloyds TSB Commercial Finance’s funding solutions could assist your leisure and tourism firm.
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.