Alex Lawrie Factors, part of the Lloyds TSB Group, has joined forces with Lloyds TSB Business to help new businesses spread their wings.
Under the arrangement any start up business under six months old that is introduced by Lloyds TSB to the factor will get their first three months factoring service interest free.
John Jenkins, sales director at Alex Lawrie, explains: "Forty per cent of our customers join us as new start businesses, so we have a real understanding of the challenges they face. Obviously we can help them with their cashflow, but this ongoing incentive means that we can also help them with their marketing and finding new customers - another tricky area for fledgling businesses."
The ‘start ups’ will also get a free web builder programme to enable the business to design a professional-looking website.
