Lloyds Banking Group | Invoice Finance & Trade Finance
Lloyds Bank plc is one of the largest UK banks. Lloyds offers trade finance to a select customer base of international and domestically trading companies. As with other banks, they will look at the strength of the company, jurisdiction of the buyers and supplier, creditworthiness of all parties, history; amongst other elements.
Lloyds Bank is a British commercial and retail bank; where physical branches are spread across England and Wales. Historically, it was one of the main four clearing banks in the UK. The bank has operated since the 1760s out of Birmingham.
Lloyds Bank holds the post of being the largest retail bank in Britain, and is well known for the large network of ATMs and branches throughout England and Wales. There are purported to be around 15 million customers of the bank.
Lloyds Bank trades as a public listed company and previously was widely known as Lloyds TSB up to 2013. Lloyds has been operating for over 250 years and the main office is in Gresham Street, London, UK. As well as banking and lending products, they also offer insurance. This is managed by over 45,000 staff.
Lloyds is able to provide financial assistance at each stage of the life cycle of a company.
Lloyds Commercial Banking Invoice and Trade Finance
Business journalist Declan Curry puts former Trade Minister Lord Digby Jones on the spot to explore what the EU referendum outcome means for UK businesses.
Lloyds Financial Services – Benefits
- Lloyds Commercial Finance claim to be market leading for invoice finance, in terms of client numbers – source Business Money March 2015.
- As one of the largest retail banks in the UK, with strong positions in a number of sectors, Lloyds Banking Group serves over 30 million people.
Businesses are usually split into three borrowers:
Small company (lower than £300k)
Medium company (under £5m)
Large company (over £5m)
- Aerospace and defence
- Real Estate, Construction and Building
- Education and community
- Energy and resources
- Financial institutions
- Professional practices
- Consumer and retail products
- Media and telecoms
There are also alternative, more niche financial solutions, such as construction and recruitment finance offered in specialist offices.