Lloyds TSB Commercial Finance provide cash flow solutions for businesses that have money tied up in invoices.
According to the Federation of Small Business there are around 17,000 businesses at any one time who are threatened with closure due to late payment of invoices.
It’s one of the major causes of first-year business failure. Even if you make it out of your first year of trading, it can be a constant source of stress. Equally as bad – having cash tied up in unpaid invoices can limit any expansion plans that you may have for your business.
So what can you do about it? Well one solution is to get a big name lender to give you cash in advance against the value of your unpaid invoices. One of the leading providers of this kind of service is Lloyds TSB Commercial Finance.
Ian Byers, Corporate Development Director for LloydsTSB Commercial Finance, says “It’s very tough to get your business off the ground these days. We know people aren’t keen to get into debt so the ideal way forward is a solution that frees up the money you’ve already earned. You’re not getting into debt, you’re growing you’re business out of the money that’s tied up in invoices that are just waiting to be paid.”
Lloyds TSB Commercial Finance can talk through ways that you can free up the cash you’ve already earned.