SPEAK TO A TRUSTED ADVISER
“ There ’ s a lot of uncertainty in the UK at the moment and businesses are wise to make sure their supply chains are as resilient as possible ”
— Matthew Hurst , Supply Chain Expert , Global Transaction Banking at Lloyds Bank
better-than-normal credit terms , supply chain finance can help reduce a buyer ’ s exposure to the risk of suppliers becoming insolvent , for example , while also encouraging loyalty between buyer and trading partners .
SPEAK TO A TRUSTED ADVISER
Taking advice is critical . The right lender will work hard to understand the whole business before delivering tailored solutions geared to meeting its specific needs .
At Lloyds Bank , we think this holistic approach is best and we work closely with all our clients , their suppliers and other non-financial bodies , such as the Department for International Trade , to inform our recommendations and support .
Experience is also key . We were the first bank in the UK to syndicate a supplier finance programme and our expert teams have access to equipment that can give businesses full visibility and control over all their supply chain interactions . For 2019 , we have also committed to lending £ 18bn to businesses across the UK .
There ’ s a lot of uncertainty in the UK at the moment and businesses are wise to make sure their supply chains are as resilient as possible .
Vigilant firms that take a proactive approach to managing their supply chain will find themselves well placed to respond to whatever opportunities or challenges the future may hold .
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