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Lloyds Bank

Lloyds Bank

Company Description

Cash is the life blood of any business, so optimising your cash flow is critical to helping your business thrive. Improving access to cash tied-up in your business can bring a range of benefits and provide comfort that, not only can you fund your day-to-day needs, but also invest and take new opportunities to help your business grow and succeed.

Using Invoice Finance can help address many of the delays that are created by extended credit terms or late payments; while also creating opportunities to optimise your supply chain by renegotiating terms with your suppliers or taking advantage of early settlement discounts.

It can release up to 90% of the cash tied up in your outstanding invoices, often within just 24hours. Unlike other funding solutions, an Invoice Finance facility will grow with your business. Choose between Invoice Factoring and Invoice Discounting, depending on your needs. Available even if you bank elsewhere, and if your business turnover is projected more than £50,000

 

Product & Service details:

Invoice Finance provides vital cashflow support to help release cash from the debtor book.

 

Key features and benefits:

- Access to cash

- Supporting your business growth

- Flexible facility that grows with the business

- No need for tangible security (i.e charge on property)

- Provides peace of mind knowing that access to cash is quicker which enables the business to pay its creditors sooner

 

Aimed at:

Business owners/Finance Teams for business to business transactions. Business clients that offer credit terms to their customers.

We work very well with the recruitment sector and in particular Temporary Recruitment business owners as their need for cash to be able to pay contractors remains high.