Lloyds TSB Commercial Finance - Asset Based Lending (ABL)

Asset based lending (ABL) funds your ambitions by offering a range of flexible financial services that can be carefully adapted to suit your individual needs. From expansion and refinancing, to acquisitions, MBOs and MBIs, ABL can help to develop a financial solution that can provide you with the working capital you need when you need it most.

Lloyds TSB Commercial Finance led the way in the development of ABL in the UK and has over 40 years’ experience of assisting businesses. ABL is a flexible form of finance which allows businesses to secure funding against debtors (via invoice finance), as well as stock, plant and machinery, and property. Lloyds TSB Commercial Finance is the leading UK clearing bank in providing this full asset based approach.

We will work with you to identify your cashflow requirements and to structure a suitably flexible funding package to suit you. This could be to simply refinance your existing working capital, to fund periods of aggressive growth, to help finance a management buy-out or buy-in, or indeed to fund an acquisition. We finance facilities from £250,000 to £100 million and are able to arrange larger, syndicated facilities.

PROVIDING THE HEADROOM TO GROW

With our ABL solutions, you will receive advances of funds against outstanding sales invoices. Up to 90% of the value of your invoices can be paid out within 24 hours of raising them. Funds advanced can then be increased when a selection of assets is taken into consideration; we can provide funds against invoices, stock, plant and machinery, land and buildings.

The exact mix of assets utilised will depend on your needs and the strength of security in the assets themselves.

WHY USE LLOYDS TSB COMMERCIAL FINANCE FOR YOUR FINANCE NEEDS?

• We fund your invoices for longer than many of our competitors - normally 120 days
• We don't have single customer concentration limits
• We advance 90% of invoice value when ever possible
• We offer an optional debtor protection facility
• We can negotiate, on your behalf, exit fees from other factors

With our invoice finance facilities, if at the end of the initial six-month period you are dissatisfied with our service, you may claim a refund of the service fee you have paid during that period. All we ask is the opportunity to resolve any concerns that may occur during this time (see our business charter for more information).

LLOYDS TSB COMMERCIAL FINANCE INTERNATIONAL OPERATIONS

Building on our successful operations in the UK we have expanded into Ireland, France, Benelux, Germany, Spain, and the USA. The keys to our success in Western Europe are the speed of our decision making and our range of asset based lending solutions. This is in addition to our global network.

We have an excellent reputation for both service quality and innovation. Our commitment to innovation through our unique supplier finance facility is the reason four major UK corporations have chosen us to enhance their cash flow and that of their suppliers.