Lloyds Bank closes factoring: what it means for businesses from 2025.

LLOYDS Banking Group is closing an important service

According to The Sun: Factoring services allow businesses to sell their unpaid invoices to third-party factoring companies at a discount.

According to sources close to the discussions, the bank will not extend this service.

This move has a significant impact on businesses that have relied on factoring to improve their cash flow. The absence of such a service may complicate financial management for many small and medium-sized enterprises. It is important to monitor the further developments of the situation and possible alternatives in the financial services market.