Lloyds
TSB Business Finance
Lloyds TSB Business Finance
Raising
Finance with Lloyds TSB
Do
you need a short-term cash boost?
Many businesses have short-term cashflow problems. An overdraft
can help control your cashflow, so that you can pay your suppliers,
even if you are waiting to be paid by your customers.
Only
for use in England and Wales
There is an old saying that there is never a shortage of people
offering you money when you don’t need it. It is a vicious
circle: you need to have a sound business to attract money
– but you need money to build a sound business. Breaking
that circle is possible if you can convince people that you
are likely to have such a business
The
Lloyds TSB guide explores the main types of finance available
and what investors and lenders look for before they advance
money.
Types
of Finance
There
are many different types of finance depending on whether you
want short or long-term funds and for what purpose. Raising
cash for day-to-day needs (working capital) is quite different
from raising money for a long-term capital project –
say, for buying new machinery or property. It is a big mistake
to confuse the two and financiers will want to be sure their
money is invested in the way you say it will.
Sources
of cash include:
- taking
credit from suppliers
- overdraft
- loans
- leasing
or contract hire
- factoring
- equity
- grants
All
these balance risk and reward – the greater the risk,
the greater the return required.
For
further information on Lloyds TSB Business Finance visit the
Lloyds TSB website.
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