Why use Invoice Finance

If your customers trade on credit terms/invoice in arrears, our two Invoice Finance solutions, Factoring and Invoice Discounting, can help you:

  • Release up to 90% of the cash tied up in your unpaid invoices, often within 24 hours, with the balance received at final payment minus our charges.
  • Boost cash flow immediately without having to wait up to 90 days for invoice payment.

Both are online-based services, giving quick and convenient account access supported by an IT service desk and dedicated teams.

For more information, visit our frequently asked questions page.

Turnover £50K+

Factoring

We can take care of your tasks such as monthly statements and reconciliations, so you can concentrate on your business plans.

You won’t need to make any awkward calls to customers to chase payment, as we’ll sensitively and professionally handle your credit control.

Find out more (Factoring)

How Factoring works

Turnover £250K+

Invoice Discounting

A fully confidential service allowing you to maintain full control of your sales ledger management tasks such as invoice raising and monthly statements.

Your customers will not know you are using the service and you’ll continue to handle all credit control calls.

Find out more (Invoice Discounting)

How Invoice Discounting works

Invoice Finance compared to traditional funding

Invoice Finance can play a key part in your funding mix, either as an alternative or to complement traditional funding products. Invoice Finance provides:

  • Speed – decisions on funding can be made and funds available within 24 hours.
  • Flexibility – unlike a loan or overdraft, you only pay for finance that is actually being used and you won’t face long-term repayment terms.
  • Support for growth – the amount of funding available grows in line with your sales ledger to help fuel your ambition.
  • Choice – you decide whether you want to retain administrative control or let us handle credit control and invoicing.

How our Invoice Finance solutions work

We can help you reduce the impact of late customer payments, while supporting your short-term needs and long-term ambitions through Factoring and Invoice Discounting.

Both are online-based services, giving quick and convenient account access supported by an IT service desk and dedicated teams.

For more information, visit the Factoring and Invoice Discounting product pages, or our frequently asked questions page.

Is my business eligible for Invoice Finance?

Whether you’re an established or new business, and whatever sector you’re in, you may be able to benefit from Invoice Finance if:

  • Your turnover is £50K+ for Factoring, or £250K+ for Invoice Discounting.
  • Your customers trade on credit terms/invoice in arrears.

Support for you

FAQs

Invoice Finance questions

Helpful information about how Invoice Finance works, who can apply and how we can support your business.

Read more (Invoice Finance questions)

Video case study

See how Invoice Finance has helped Fruitapeel with its growth ambitions.

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)

© Copyright Lloyds Bank Commercial Finance 2017

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.