If you’re a recruitment agency providing timesheet-based services, Payroll Finance can ensure your staff get paid while you wait for customers to settle invoices.

As well as stronger cash flow management, you can also benefit from our back office support, which takes care of your payroll, invoices, credit control, HMRC payments and VAT commitments. This frees up your time to focus on your business ambitions.

The benefits of Payroll Finance

  • You’ll have access to the weekly wage amounts you need to pay staff, without using up vital working capital which can be used to build your business ambitions.
  • We can provide back office support to help you concentrate on building your business.
  • Your staff are guaranteed their weekly wages, even if your customers do not pay on time.

Is my business eligible for Payroll Finance?

  • A recruitment agency employing staff on timesheet-based services
  • VAT applicable or have applied for VAT registration.

Why use Lloyds Bank?

As one of the largest banks in the UK, your business will benefit from our specialist approach, commitment to long-term relationships, expertise and access to dedicated sector knowledge.

Support for you

Client Charter

Try our service for six months and, if you’re dissatisfied, we’ll give a refund
of the service fee.*

Find out more (Client Charter)

Solutions

If you’d like to find out about other options that could suit your circumstances, use our finance selector tool.

Find out more (Solutions)

Industry expertise

Whichever industry you operate in, our facilities can be quickly scaled up to meet your exact requirements.

Find out more (Industry expertise)

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Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

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.

When using Asset Finance your agreement will be with a Lloyds Banking Group company whose terms and conditions will apply. The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.