Finding the right source of finance
If you’re seeking funding for growth, choosing the right type of finance from a source you can trust to work with you over the long-term, is essential.
Funding comes in all shapes and sizes. Which option is best for your business will depend on many things: the reason for seeking finance, your trade and working capital cycle, your risk profile, your asset base and the term and amount you require.
What to consider
- Matching your funding to your needs may seem obvious, but a review can show you may be paying for funds you don’t use.
- Leveraging your assets can help you make the most of what you have and could help you access additional funds.
- Using your working capital more efficiently can help boost your growth options.
Types of finance
We can provide you with a range of solutions that meet your needs.
Term loans, overdrafts and revolving credit – for a straightforward solution with certainty and flexibility built in, a term loan allows you to access capital for growth. A revolving credit facility offers an overall limit within which your business can access funds as and when required. And, for short-term finance, an overdraft helps you keep pace with fluctuating financial demands.
For more information on the benchmarks please visit the Benchmark Transparency Statement PDF
Invoice Finance Solutions - funding that helps you run and grow your business more efficiently, Invoice Finance can help you make the most of your assets. Our Lloyds Bank Commercial Finance team can help you release up to 90% of the value of your unpaid invoices alongside this, Asset Based Lending can unlock further cash tied up in stock, property, plant and machinery to improve your working capital and help support your business plans.
Hire Purchase and Leasing - is a method to secure funding against asset based requirements. It enables you to secure ownership of the assets upon full repayment of the amount lent. The cost of an asset can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit your needs. Generally involving payment of a deposit and the VAT amount, followed by a series of monthly (or quarterly) instalments.
Capital markets - for more complex, high value or longer-term funding our capital markets teams have expertise in structuring finance packages that meet client needs. These may include senior debt, mezzanine finance, bonds or multi-lender facilities.
Trade finance - as you compete globally, having the right finance to allow you to take advantage of opportunities is crucial, whether as an importer or exporter. Managing and supporting your trade cycle with appropriate funding and risk management tools helps you achieve international success.
Through the cycle support
Our business management team work hard to understand your business and to deliver funding solutions that could help you achieve your business ambitions.
By regularly reviewing your funding, we ensure it continues to meet your needs, so that opportunities never pass you by. We believe in building strong relationships that underpin our commitment to supporting businesses throughout the economic cycle.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
Lloyds Bank Commercial Finance Ltd. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011.
Lloyds Bank Commercial Finance Scotland Limited, Registered in Scotland no. 93252. Registered office: 110 St Vincent Street, Glasgow, G2 5ER.
Lloyds Bank Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority under registration number 724228 for activities relating to certain types of consumer credit which are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. We are not deposit takers and are not regulated by the Prudential Regulation Authority.
Asset Finance facilities are provided by Lloyds Bank plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278. The provision of credit or leasing services by Lloyds Bank plc is subject to your meeting their Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.