Written on: 02/05/2012
Stay away from Lloyds TSB CF. They will destroy your business and then try to destroy you. Cashflow increase at first is fabulous, allowing payment of suppliers early etc. However once your hooked they stop funding. The mismatch payments you get into arguments with your clients as they say they have paid you buit Lloyds say they have not. After all this they then stop funding they ask you to send copy invoices to your client and when you do they terminate the agreement as you have duplicated invoices. Then charge you £9000.00 for the privilege of termination.
They are now suing me for £40000.00 but the ledger only has £20000.00 on it.
Stay away from them they are destroyers of business. So much for helping small businesses
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