One of the key features of Southern Manufacturing & Electronics is the range of companies that take part. And it’s not just about machinery, tooling and subcontracting either, as Lloyds Bank Commercial Banking’s presence at the 2014 show clearly demonstrates.
Voted the UK’s top bank for businesses for the last nine years, Lloyds identifies the growth and prosperity of small and medium sized businesses as being fundamental to a full and lasting recovery for the UK economy. The bank says its year-on-year net growth in advances to SMEs – customers with an annual turnover of up to £25m – was five per cent as at the end of September 2013, while across the industry there was a net reduction of three per cent.
Lloyds operates a local lending discretion scheme for customers seeking finance, with senior managers nationwide with the authority to lend up to £500,000. Eight out of 10 loan and overdraft requests from SMEs are approved, according to the firm. Lloyds is also offering 18 months free day-to-day banking for start-ups.
Lloyds Bank Commercial Banking welcomes visitors to stand T110 to discuss their finance and banking needs. Visit http://www.lloydsbankbusiness.com/ for more information.