Invoice Finance
Early access to the money your business has earned.
Our Invoice Finance solutions are provided by Lloyds Bank.
What is Invoice Financing?
Invoice Finance provides early access to the funds owed to you in unpaid invoices. Whilst you’re waiting for invoices to be paid by your customers, we can advance up to 90% of the invoice cash value to you, usually within 24 hours.
Our Invoice Finance solutions provided by Lloyds Bank include Selective Invoice Finance, Invoice Factoring and Invoice Discounting, all designed to help you access funds quickly so you can strengthen cash flow and support your growth ambitions.
Types of Invoice Finance solutions
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To be eligible for our Selective Invoice Finance platform, you should:
- Be a limited company
- Invoice other UK businesses
- Have a compatible accountancy software (PDF, 80KB)
To fund invoices, you must meet the above eligibility criteria and you should have:
- Been trading for 6 months or longer
- A minimum turnover of £100,000 per annum
To be eligible for Invoice Factoring, you should:
- Sell business-to-business and on credit terms
- Have a minimum turnover of £50,000 per annum
To be eligible for Invoice Discounting, you should:
- Sell business-to-business and on credit terms
- Have a minimum turnover of £250,000 per annum
How does Invoice Finance work?
Frequently asked questions
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Fast access to funds helps strengthen your cash flow, giving you increased flexibility and headroom between incurring expenses e.g. buying goods, manufacturing costs, and selling products. You can use funds to support growth, develop new products, target new markets, or finance acquisitions.
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If you use Invoice Factoring or Selective Invoice Finance, yes. Invoice Discounting is a confidential service, so your customers won’t know you are using it.
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Selective Invoice Finance is suitable for customers with occasional or seasonal cash flow challenges. Choose the invoices you want to fund, without committing your whole sales ledger. Additional benefits include access to a suite of risk insight and credit control tools.
Factoring and Invoice Discounting may be provided by one or more of Lloyds Bank Commercial Finance, Lloyds Bank plc or Bank of Scotland plc. Asset Based Lending and Debtor Protection facilities are provided by Lloyds Bank Commercial Finance. Lloyds Bank Commercial Finance Ltd.
Registered Office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011.
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.