Born and raised in New York City, Lloyd started plauing the guitar at a young age. His musicality blossomed and begun dealing guitars and selling instruments in Greenwich Village and the farmed 48th Street. He attended the Fashion Institute of Technology (FIT) and designed stage costumes. Later moved to Oakland to pursue a career in music with Eddie Money writing music on Eddie's first two albums. Lloyd's music career continued to advance and toured playing lead guitar with major Motown and Philadelphia acts using his knowledge in fashion to design and make his own clothing for tours. 

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Lloyd's songwriting collaborations include artists like Marvin Gaye, Stevie Wonder, Lee Garrett and T-Boy Ross as well as produced and written music for major Hollywood films. In 1982 he moved to Los Angeles and founded Voltage Guitars after he had been dealing vintage guitars and selling to famous rock stars like Paul McCarthy and Jimmy Page.