Invoice Finance
Boost your cash flow with Invoice Finance and get early access to money owed to you. Our dedicated client managers have over 600 years’ combined experience.
Our Invoice Finance solutions are provided by Lloyds Bank.
What is Invoice Financing?
Invoice Finance provides early access to the money owed to you in unpaid invoices. While you’re waiting for invoices to be paid by your customers, we can advance up to 90% of the invoice cash value to you. This is usually within 24 hours of applying.
Our Invoice Finance solution is also known as Invoice Discounting which is a confidential service. Our product is designed to help you access money quickly to strengthen cash flow and support your growth ambitions.
How can an Invoice Finance facility help my business?
How does Invoice Finance work?
Steps to take
What types of business benefit from Invoice Finance?
We support a range of established and successful businesses that sell business-to-business on credit terms and help support their growth ambitions. Some of the industry sectors that we support include:
Customer stories
Montash
"The support from Lloyds will continue to allow us to scale our operations, especially as we make inroads into the US market and grow our brands. We are excited about the next 20 years and the possibilities that lie ahead as we continue to grow and innovate."
Andy Larholt, Group CEO and Founder, Montash
Flora & Curl
“When orders started to increase, I knew I needed financial support to take Flora & Curl to the next level. The support from Lloyds Bank has allowed me to take on much larger orders and build the brand on an international level.”
Rose Ovensehi, Founder and CEO of Flora & Curl
Zaun Ltd
“Zaun Ltd is a fantastic brand which has built an excellent reputation within the manufacturing industry. Over the years, we’ve been committed to supporting the firm with its growth ambitions through Invoice Finance and the Coronavirus Business Interruption Loan Scheme.”
Nash Lal, Relationship Director, SME Banking at Lloyds Bank
The benefits of using Invoice Finance at Lloyds Bank
Frequently asked questions
-
No, you can apply even if you don’t bank with us
-
Fast access to funds helps strengthen your cash flow, giving you increased flexibility and headroom between incurring expenses e.g. buying goods and manufacturing costs, and selling products. You can use funds to support growth, develop new products, target new markets, or finance acquisitions.
-
Yes, accounts receivables financing is the same as Invoice Financing and allows you to raise funds against unpaid invoices.
-
Invoice Finance uses your sales ledger to unlock up to 90% of your unpaid invoices, typically within 24 hours. Invoice Finance available funds grows in line with your business sales unlike loans and overdrafts.
-
It won't, although we review your personal credit files as part of our checks, it won't affect your credit score or ability to get personal finance.
-
It depends on the service you take out. If you use our Invoice Discounting product it is a confidential service.
-
Customers failing to pay the money owed to you is a risk that every business faces, and the consequences can be detrimental. Debtor protection aims to protect your business from the risk of unpaid invoices. It is an additional service that works alongside Invoice Finance and can help protect a business from bad debts, non-payment or insolvency. Our Debtor Protection is a low-cost, easy to manage facility that will protect up to 90% of the value of your invoices, giving you peace of mind.
-
With Invoice Discounting, you manage your own sales ledger and credit control with a confidential service. With Invoice Factoring, you can get help with you managing your sales ledger and credit control
-
Invoice Factoring (also known as debt factoring) is a type of Invoice Financing that allows you to release cash quickly from your sales ledger on an ongoing basis, to improve your cashflow.
Asset Based Lending
Increase your working capital by turning business assets into cash.
Available alongside a Lloyds Bank Invoice Discounting facility, and if your business turnover is more than £10 million.
Debtor protection
Give yourself peace of mind by protecting up to 90% of an invoice, should your customer fail to pay.
Available alongside a Lloyds Bank Invoice Factoring or Invoice Discounting facility, and if your business turnover is more than £200,000.
Log on to access your existing facility or speak to a specialist
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.