Lloyds TSB Commercial Finance offer a range of services all designed to improve business cashflow by releasing some of the cash tied up in the value of invoices.
Whether a sole trader, fast growing start-up or large corporate, Lloyds TSB Commercial Finance can help find the right funding to suit a business.
Lloyds TSB Commercial Finance offer 2 main products: Factoring and Invoice Discounting
Factoring is a flexible form of finance which advances money to businesses as and when it issues new invoices. It is a full-service facility which employs a dedicated credit controller to run the ledger for a business, which essentially outsources the management of the businesses invoices and payments.
Invoice Discounting is an alternative way to be advanced capital against invoices. Invoice Discounting allows businesses to improve their cash flow, reducing the effects of peaks and troughs throughout the year and generally making cash easier to manage.
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