Is Lloyds Still Doing Invoice Finance?
Yes - Lloyds Bank Commercial Finance still offers invoice finance and remains the UK's largest provider by volume. Its published minimum turnover is £100,000 a year, with advances of up to 90% of invoice value, so it is open to many smaller businesses. Fees are not published.
Yes, Lloyds Bank still offers invoice finance and remains the UK's largest provider by volume. Its published minimum turnover is £100,000 a year, with advances of up to 90%; fees are not published. More detail + scope
This page covers
Current status of Lloyds Bank invoice finance and alternatives for declined or sub-threshold businesses
Not covered here
Lloyds provider review (see /providers/lloyds/), small business options (see /best/invoice-finance-for-small-business/)
What's Changed
Lloyds publishes a minimum turnover of £100,000 a year for invoice finance, with advances of up to 90%. They've absorbed Alex Lawrie Factors and Cash Friday into the main Lloyds Commercial Finance brand, consolidating their book.
If your turnover is under £100,000, you are below Lloyds' published minimum. Other high street thresholds vary: NatWest publishes £300,000 and HSBC £1m, while Barclays and Santander publish no minimum.
Better Options for Smaller Businesses
If Lloyds has turned you down or you're below their threshold, these providers specialise in smaller businesses:
- Close Brothers - from £750k turnover, individually priced
- Bibby - no published minimum turnover, UK's largest independent
- Ultimate Finance - no published minimum turnover, up to 95% advance, setup within one week
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
Published · Updated