Securing Finance to Grow Your Business

Lloyds TSBAs fragile economic conditions continue to affect business across the UK, it is perhaps understandable that there may be a lack of confidence among SMEs about growing their business and securing finance to do so.

A key part of restoring business confidence is providing access to finance, which plays a crucial role for firms looking at their future needs. Investing is essential in order to capitalise on expansion opportunities and enable growth, and so companies must not be put off by perceived barriers which they believe may prevent them securing funding.

A good finance provider will be able to offer guidance on which funding solutions will work best for your business and allow you to achieve your ambitions. At Lloyds TSB Commercial, we can offer a range of products and services to help you, from term loans, commercial mortgages and Hire Purchase facilities to a variety of working capital facilities.

We are keen to support business across a range of sectors, and have teams of relationship managers with experience and training in working with businesses across many specialist sectors, such as property, manufacturing, healthcare and professional practices. They are there to help businesses shape a funding package appropriate to them.

The first step for small businesses wanting to approach banks to borrow is not to be afraid to have the conversation to begin with. A good business plan and a clear idea of how much money is needed, what it will be used for, and how the business will repay the loan are all also important when you come to formally apply.

We are here to lend to viable businesses and local lending discretion is an important part of the service we offer our customers. Our local managers have the authority to lend up to £500,000.

In the first six months of 2012, we lent almost £6.6 billion to SMEs, and we have increased our target for gross lending for the full year to £13 billion – a £1 billion increase on the £12 billion target we set at the start of the year.

To find out how Lloyds TSB Commercial can work with your business, please visit

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