[citation needed] Lloyd adhered to the Quaker faith which had been adopted by his father and aged 34 in the year 1698, the year of his father's death, leaving his elder brother Charles Lloyd (1662–1747), who had inherited Dolobran, he deserted the "uncharitableness of his native Wales"[7] and moved about 62 miles south-east of Dolobran to the town of Birmingham in Warwickshire (home of his brother-in-law John Pemberton), a town especially tolerant of Quakers and religious dissent.

There he "soon found scope for his energies and capital"[9] and became an ironmaster and established a slitting mill at the bottom of Bradford Street, Birmingham, on the bank of the River Rea, where by use of water power, sheet iron was cut-up to form nails.

[10] Slitting mills were especially plentiful on the River Stour between Stourbridge (where Lloyd's father-in-law Ambrose Crowley operated) and Stourport.

Mary and Sarah were daughters of Ambrose Crowley,[15] a Quaker Blacksmith in Stourbridge, Worcestershire (near Birmingham) and Sheriff of London.

Sir Ambrose lent large sums to the government which appointed him a founding director of the South Sea Company.

By his second wife Mary Crowley he had four sons and two daughters[17] including: Lloyd owned a large house at 56 Edgbaston Street, Birmingham and freehold property in Stourbridge and had a residence at Lea, near Leominster, in Herefordshire.