Why use Invoice Finance

If your customers trade on credit terms/invoice in arrears, our Invoice Finance solutions: Factoring, Invoice Discounting and Asset Based Lending, 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.
  • Unlock cash tied up in your business assets to increase your working capital, and funding for growth.

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

You’ll get immediate access to funds, without waiting to be paid. Factoring can be a much more cost-efficient way of funding growth than traditional finance products. You can effectively outsource your sales ledger, monthly statements and payment reconciliation to us, freeing up your time to concentrate on your business.

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

Turnover £10m+

Asset Based Lending

Unlock cash tied up in your business assets, such as debtors, stock, plant and machinery or property, to increase your working capital.

The money released from these assets could be reinvested into your business to allow you to exploit growth opportunities.

Find out more (Asset Based Lending)

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 manage the sales ledger 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, Invoice Discounting and Asset Based Lending 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

Watch Chow Mezger, Managing Director of Jude’s Ice Cream, talk about their growth journey.

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)

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.

Factoring and Invoice Discounting facilities may be provided by either Lloyds Bank Commercial Finance, Lloyds Bank plc or Bank of Scotland plc.

Lloyds Bank Commercial Finance Limited, Registered in England & Wales no. 733011. Registered Office: No1 Brookhill Way, Banbury, Oxfordshire, OX16 3EL.

Lloyds Bank Commercial Finance Limited is part of Lloyds Banking Group and 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.

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. Bank of Scotland plc: Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No.SC327000. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.

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.