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www.bristolpost.co.uk/business
Wednesday, September 25, 2013
Advertising feature
Lloyds Bank Commercial Banking Bristol and Somerset
MY BUSINESS NEEDS A LOAN BOOST If this sounds like you, read on to see how Lloyds Bank Commercial Banking is helping businesses in Bristol and Somerset achieve their ambitions. Martin Racher, Area Director SME banking, Lloyds Bank Commercial Banking Bristol and Somerset
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OING business is challenging at the moment. Accessing funding to consolidate, diversify or grow can feel almost impossible. Yet it doesn’t need to. In the last year (July 2012 to June 2013) we said yes to 80 per cent of requests for loans and overdrafts. We offer a range of funding solutions for businesses including hire purchase and leasing – provided by Lloyds Bank Commercial Finance – and loans and overdrafts, all with flexible funding terms to suit your cash flow needs.
Making the most of Government initiatives As part of Lloyds Bank’s participation in the Funding for Lending Scheme, the interest rate has been reduced by up to 1 per cent on all new approved business loan, commercial mortgage and hire purchase applications. What’s more, if your business turnover is £41 million or less, you may be eligible for funding under the Enterprise Finance Guarantee. This tool allows businesses of all ages – which have a lending requirement but lack security – to raise finance. Finally, Lloyds Bank Commercial Finance’s innovative invoice finance solutions and asset based lending can free up funds tied up in your credit invoices and other assets, helping with cash flow.
Local knowledge supports our funding decisions Relationships matter. Our teams are
based locally to provide insight into the challenges and opportunities facing Bristol and Somerset. Our relationship managers understand the lending requirements of local businesses, and as Bank of the Year for nine successive years, we’re proud of our track record of helping businesses succeed.
Specialist support Our local knowledge is supported by specialists for key industry sectors across Bristol and Somerset, including property, healthcare and manufacturing. Our local International Business
Managers can also help businesses with ambitions beyond the UK. It’s a powerful combination, supported by an extensive range of funding solutions designed to meet business needs across Bristol and Somerset, now and in the future.
Call to action: By supporting your business ambitions, we aim to help strengthen the UK and Bristol and Somerset economies – another way Lloyds Bank is backing British business. Call on 0117 943 3551 to discuss business funding, or visit www.lloydsbank.com/commercialbanking.
Lending commitments that count ● Lloyds Bank Commercial Banking increased net lending by four per cent in 2012 in a market that contracted by a similar amount. ● We’re committed to increasing business lending further in 2013. ● Under the Funding for Lending
Scheme, the interest rate has been reduced on new approved business loans, commercial mortgages and hire purchase applications by up to one per cent. ● We’ve committed £1 billion of funding to the manufacturing sector in 2013.
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The legal situation ANY property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it. All lending is subject to a satisfactory credit assessment. Calls may be monitored or recorded. Authorised by the Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority. Licensed under the Consumer Credit Act 1974 under licence number 0004685. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk. Invoice Finance and Asset Based Lending facilities are provided by Lloyds Bank
Commercial Finance. Lloyds Bank Commercial Finance is a trading name of Lloyds Bank Commercial Finance Ltd. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011. Lloyds Bank Commercial Finance Ltd is part of Lloyds Banking Group and is not authorised or regulated by the Prudential
Regulation Authority or the Financial Conduct Authority. Hire Purchase and Leasing facilities are provided by Lloyds Bank Commercial Finance. When using these products and services your agreement will be with a Lloyds Banking Group company whose terms and conditions will apply.