Lloyds TSB Commercial Finance today unveils its plans to unite its asset-based lending (ABL) brands together under the Commercial Finance name. The move is designed to continue to strengthen Commercial Finance's position as a leading provider of asset-based lending services, invoice discounting, and HP and leasing facilities.
Ted Ettershank, managing director of Lloyds TSB Commercial Finance, comments: "This move cements our vision of providing a one-stop shop for ABL products to the SME and large corporate markets."
The four current brands are Alex Lawrie Factors, CashFriday, Lloyds TSB Asset Finance and Lloyds TSB Commercial Finance. The range of services they offer to businesses, from start-up to major global Plcs, include: finance raised against assets (including debtors, stock, plant, machinery, land and buildings), sales ledger management, credit information, payroll services*, leasing and HP.
