Invoice factoring services for large and small business
Flexible invoice factoring services tailored to meet your individual needs
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loyds TSB Commercial Finance is already supporting more than 9000 clients with its invoice factoring and invoice discounting services , from start up to multinational, demonstrating a real commitment to the UK Business Community. Every month they provide invoice factoring and invoice discounting as well as other services for another 200+ new clients. Their aim is to provide excellent client service at all times.
Why choose Lloyds TSB Commercial Finance invoice factoring or invoice discounting services?
 Do you sell products or services on credit? Do you find that you have to buy more quickly than you get paid? Do you have to hold high levels of stock? Does this tie up your cash? Do you find funds you need to finance further growth are tied up in unpaid invoices? If you find yourself answering yes to any of these questions, then invoice discounting or invoice factoring services can maximise the cash available against many of your business assets, and release the funds you need, e.g., to finance further growth. Lloyds TSB Commercial Finance offers you the following benefits through their invoice discounting and nvoice factoring services:
- Invoices are funded longer than the competition - normally 120 days.
- No single customer concentration limits.
- 90% of the invoice value is advanced when ever possible.
- Optional Debtor Protection facility.
- Possible negotiation of exit fees from other factoring companies on your behalf.
- 20% of the market share of businesses that use Invoice Financing (1 in 5).
- 25% of the market share of businesses with a turnover of less than 1/2 million (1 in 4).
Lloyds TSB Commercial
Finance new Business Charter
Their Service Pledge
If at the end of the initial six months you are dissatisfied with your invoice discounting or invoice factoring services you may claim a refund of the service fee you have paid during that period. All that is asked of you is the opportunity to resolve any concerns that may occur during this time.
Their Termination Pledge
You will incur no termination fees if you choose to close your invoice factoring or invoice discounting facility at any time. All you have to do is give 28 days notice of your intention to terminate, and ensure that all outstanding balances are cleared by the termination date.
Their Operating Pledge
The cost of all transmission charges will be paid by Lloyds' if they fail to make a payment to you as instructed on the same working day, Whether due to an error or banking system breakdown. Lloyds will respond to any written or verbal complaints with an initial reply within 1 working day, and a full reply within 3 working days. Every full reply will be reviewed and approved by one of the Directors before it is sent to you.
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Invoice Factoring & Invoice Discounting
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| Quick guide to the benefits of factoring and invoice discounting with Lloyds TSB Commercial Finance |
Invoice factoring |
Invoice discounting |
Turnover:
- From Start-up
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Requirements:
- Invoicing other businesses in arrears.
- Debenture on book debts/ other assets.
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Requirements:
- Positive trading record, and good systems of control.
- Debenture on book debts/ other assets.
- Exports over 10% insured, or undoubted.
- Exports not to exceed
50% of ledger.
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Service features:
- Advance up to 90% of your invoices against approved debtors.
- Statements and reminder notices sent to customers.
- Credit vetting for new and existing customers.
- Electronic links available.
- Export assistance available, including currency advances, and multi-lingual support.
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Service features:
- Advance up to 85% of your invoices against approved debtors
- Access available through the Internet
- Client retains own credit control
- Export accounts funded in currency or sterling
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Price guidelines:
- Finance fee:
2% - 5% over Lloyds TSB base rate, or appropriate currency interest rate.
- Service fee:
0.5% - 3% of turnover
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Price guidelines:
- Finance fee:
Typically 1.5% - 2.5% over Lloyds TSB base rate, or appropriate currency interest rate
- Fees:
Negotiable, dependent on size and structure of facility
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Factoring: Generations Ahead - case study
Michele and Mike Riley started Generations Ahead in Lewes, East Sussex in June 2002 to supply baby consumables to trade customers. With invoice factoring in place Mike and Michele now receive up to 80% of the value of their unpaid sales invoices within 24 hours of them being raised. They can access their account through an online system, choosing to call on funds, as they need them. Lloyds TSB Commercial Finance were able to complete the factoring agreement within just two days. Ambitious plans are set for the first years of trading, with cash available when needed Generations Ahead are confident of meeting their sales projection of £500k. Director Mike Riley said:
 Invoice factoring has allowed us to be flexible in the growth of the business. We would not have been able to take on supermarket customers without it." 
Mike Riley - Director - Generations Ahead
- Lewes, East Sussex.
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Only 30 days notice required - see Business Charter
Main benefits:
From start-ups to large corporate companies Lloyds TSB Commercial Finance can provide invoice factoring solutions that will meet your business needs. Up to 90% of your invoice receivables can be paid within 24 hours through their factoring services. Invoice factoring of export accounts also available.
Key figures
- Creation year : 1967
- Companeo Agreed Supplier since24/02/07
- Staff : 1000
Geographical coverage
National coverage. Main Offices in Manchester, Banbury & Southampton. Regional offices in Glasgow, Edinburgh, Birstall, Bristol, Cardiff, Plymouth, Maidstone, Cambridge, Leeds & Birmingham. Spain, France, Germany, Ireland and US Registered office in Richmond, Surrey.
Presentation of Lloyds TSB Commercial Finance
Lloyds TSB Commercial Finance is the UK market leader in asset based lending. For over 40 years we have offered businesses the flexible finance that comes with Factoring & Invoice Discounting. Lloyds TSB Commercial Finance currently provide funding to over 14,000 UK businesses of all sizes.
Activity
Factoring improves business cash flow by releasing money against unpaid sales invoices. Lloyds TSB Commercial Finance advance up to 90% of the invoice value within 24 hours after you raised the invoice. The remaining balance is made available when your customer settles the outstanding invoice. The service is especially suited to new starts, growing businesses and those with insufficient security to gain more traditional lending. Flexible credit management is built into the agreement with statements and reminder notices issued to reduce the administrative burden on the business. Assistance with telephone credit control can be provided if required.
Main clients
Over 14,000 clients from startups to Multi Nationals.
Management & Finance
