Provider Guide
Lloyds TSB Business Banking - Profile for Decision Finance
Lloyds TSB is one of the best known UK companies, with offices throughout the country and abroad. Our dedicated Business Banking staff provide advice and support to start up, growing and established businesses in all sectors of the market.
Lloyds TSB business customers have access to more branches than any other bank in the UK and also have the option of banking by telephone and over the internet.
If you are looking to invest in property for your business, remortgage to release equity or diversify by investing in commercial property then our Commercial Mortgage can help. It starts at £25,001 and offers a full range of options including:
- Lending up to 70% of the property valuation (and sometimes more)
- A term of between 3 and 25 years
- A choice of base rate linked or fixed rate (fixed rate lending will generally be subject to an early redemption fee)
- Capital repayment holidays of up to 2 years on base rate linked mortgages
If your business is looking to grow, purchase new vehicles or consolidate existing borrowing then our Base Rate loan could be the answer. It offers:
- Lending of between £1,000 and £500,000
- A term of 1-20 years
- Availability of a capital repayment holiday for the first two years on loans of £25,001 and above
- An interest rate that varies with changes to base rate
If you are purchasing machinery or equipment and seeking the comfort of a fixed loan repayment then why not consider our Fixed Rate loan? It provides:
- Lending of up to £100,000 (early redemption penalty on loans above £25,000)
- A term of up to 10 years
- A fixed monthly repayment for the whole term
- Lloyds TSB is a specialist provider in the healthcare and professional sectors and offers a wide range of expertise, with products and services tailored to the individual practice and considerable flexibility on rates and terms.
If you are already operating a business and switch your banking to us we offer 12 months free day-to-day business banking provided you transfer your business and personal accounts (6 months if you move your business account alone) and operate within agreed limits. We also provide a named contact to deal with the smooth transfer of your account, including:
- arranging the closure of your old account
- moving your existing standing orders and direct debits
- transferring the remaining balance of your old account
We can also arrange an interest free overdraft of up to £5,000 for 3 months (subject to status) to act as a safety net whilst the account is being moved - if your requirement is greater the first £5,000 of the overdraft requirement will still benefit.
Whatever your requirements Lloyds TSB staff are committed to doing all we can to assist your business, by way of a fast, efficient and flexible service.
