Making dreams come true

Helping Businesses start up and grow

With help and support from us, more than 124,000 new businesses of all kinds and sizes started trading in 2017. 

One of those businesses is owned by Karen Marlow. Karen has been a Lloyds Bank customer for over 30 years.  She worked in Milton Keynes as a mobile hairdresser before relocating to Lowestoft to be closer to her parents. There, Karen decided to pursue her dream of owning a hairdressing salon. 

Turning a dream into a reality

A loan from Lloyds Bank enabled Karen to purchase an established business in Lowestoft, along with commercial premises set over two stories.

Local Business Development Manager, James Burraway, took Karen through the application process and provided financial and business advice to support Karen on her first steps on her journey to becoming a business owner.

Karen is now running the salon, with the help of an employee of the business who has been working there for 15 years. Karen is already looking to expand her business. She has increased the opening hours of the salon, from four days to five, and intends to increase that to six days in the near future.

There are also plans in the pipeline to refurbish the currently empty floor above her salon. Karen is considering renting the space to freelance beauty therapists, turning her salon onto a one-stop-shop for hair and beauty services.

Karen said, "I’ve banked with Lloyds for a good few years now and they have been the security behind me when I've needed it.  So for my next journey as a business owner, here I am again, with the confidence and support that they have given me to enable me to buy my own business."

It’s incredibly rewarding to be able help people like Karen achieve their dreams.

James Burraway, Local Business Development Manager, Lloyds Bank

Turning a dream into a reality

Helping Businesses

Through our Helping Britain Prosper Plan we’re helping businesses by offering them the funding, support and encouragement they need to grow.

The Helping Britain Prosper Plan was launched in 2014 and unites our Group and our colleagues to meet targets to address core socio-economic issues facing the UK. We believe we can use our scale and reach to help people, businesses and communities to prosper, because we know that when Britain prospers, we can too. 

You can find out more about the targets we have set here