Asset finance leasing - XL Business finance

Hundreds of Grants for UK Businesses

February 15th, 2018

Local Government departments and councils who have regeneration targets often meet these goals by providing grants to businesses for specific projects. The project will tackle the issue (for instance: reducing unemployment or filling empty shops) by rewarding the business in the form of a grant to employ staff or refurbish shop premises.

Although this ‘free money’ is available – it is rarely promoted because councils do not have the capacity to cope with the high demand. Therefore eligible businesses often miss out on this funding which has the opportunity to be influential to the success of their businesses.  We are experts at both searching for and applying for grants. Some of the funding currently available includes:

• £10,000 for businesses who develop digital innovation
• An award for businesses who improve communities in Greater London
• £100,000 of branding and marketing support for food businesses
• £20,000 for young entrepreneurs to develop new ideas
• Up to £50,000 for Scottish businesses that promote workplace equality
• Up to £12,000 for farmers to buy new equipment
• Up to £250,000 for businesses in Leeds for capital investment
• 21 different funding programmes for businesses in the Construction industry

There are many more grants, awards and training programmes across the UK. Contact us today to find out if there are any relevant schemes available for your organisation.

Scale-up Businesses struggle to find funding

January 29th, 2018

A scale-up business is recognised as a young organisation with at least 10 employees which grows by an average of 20% each year. Scale-ups are of huge importance to the UK economy providing jobs, inward investment and innovation.

However, scale-up businesses often find it difficult to source finance from mainstream funders due to a lack of trading history, asset value or limited management experience.
Grants and regional funding options exist, but many are for very early-stage development rather than growth. Bank Loans are an option for companies with solid cash flow that can support the interest payments. However, new global capital regulations designed to make banking more stable have made it harder for banks to offer large overdrafts, and so alternative options are often required by businesses looking to raise finance.

Invoice finance is a popular way for scale-up business-to-business (B2B) firms to unlock vital working capital as it grows with your business. Working capital finance options for high-growth business-to-consumer (B2C) firms are less obvious. However, a relatively new type of lender is emerging offering merchant cash advances where businesses repay a fixed percentage of revenues.
Many crowdfunding platforms exist, including equity and non-equity options. When it comes to investing in new equipment, there are plenty of options available. Asset finance, otherwise known as asset leasing or lease rental, has been around for many years and for good reason, but not everyone is aware of how it can benefit them.

Asset leasing is a tax-efficient and flexible way to purchase the equipment you need without compromising your cash flow, and is suitable for all industry sectors and any size of business. Terms are available from one to five years with only a minimal deposit required in most cases.

Ultimately, there’s no easy answer for financing a scale-up and businesses may need to share the risk and look at numerous options. It does depend on your approach to risk, your attitude to giving away part of business, and your company’s ability to finance a debt.

To see how we can help you grow your business by providing funding options to suit your needs, contact XL Business Finance today for an initial discussion.

Manchester – 0161 980 0577
London – 020 3301 4540

DAF Super Space Cab for Sale

December 11th, 2017

We have for sale a ‘12’ plated DAF 105.460 6×2 Super space cab, with 625,000 kms on the clock. The truck is in very good condition and has an MOT until Feb 18.

Finance options available, please contact us for more information.

Jag Xj D V6 portfolio LWB for Sale

December 4th, 2017

Jag Xj D V6 portfolio LWB for sale with leather seats.  85k miles

Vat qualifying

Price £15,000.

Lease and HP options available.

Contact us for more details.

Curtain Sided HGV for Sale

November 30th, 2017

Curtain sided HGV 7500 kg for sale.

Registration 2004.

108,000 km

Price on application.

Lease and HP options available.

Contact us for more details.

Mercedes S320 for Sale

November 30th, 2017

A great opportunity to purchase a Mercedes S320.

Mileage 98,000 with full service history and recent service.

2007/57 plate

Price £8500


Contact us for more details

Agricultural Tractor for Sale

November 30th, 2017

2009 Claas Axion 810 Agricultural Tractor. Complete with linkage, aircon and hexashift gearbox.

Price on application. Finance available.

Contact us for details


BMW 535 D M Sport Auto for sale

November 27th, 2017




BMW 535 D M sport Auto
Silver black leather
29k miles
VAT qualifying

Priced for quick sale.

Lease and HP options available.

Contact us for details

Take advantage of the Regional Growth Fund

January 13th, 2015

XL Business Finance has access to the Government’s Regional Growth Fund.

The fund provides a 20% deposit contribution on capital expenditure on new or used equipment, up to a maximum of £10,000 per job created or safeguarded.

Example one
Your business is investing in a new machine tool at £120,000. As a result you will create 2 additional jobs. You could be eligible for a grant of £20,000 towards the deposit of the tool.

Example two
Your business is buying a used printing press at £41,000. As a result you will create one new job. You could be eligible for a grant of £8200 towards the deposit of the tool.


  • Small or medium sized business with fewer than 250 employees and turnover less than £35m
  • Customer must pay a 5% deposit contribution from their own cash flow
  • A business must not meet the finance companies normal lending criteria. This could be simple as not having the required deposit or being unsure as to whether you can afford the monthly payment.
  • Approximately 12 months after the loan starts, your auditor will be required to provide formal confirmation that the commitment you have made to create or safeguard jobs has been fulfilled.

Key Features

  • RGF monies take the form of a grant
  • The level of the grant available is based on the size of your business, the amount of the investment, the number of jobs that will be created or safeguarded.
  • The balance of the loan will be funded on either a hire purchase or finance lease facility the terms of which will vary depending on your credit status.

For further information contact us now.

Confidential Factoring organised for sub contractor

July 1st, 2013

XL Business Finance has recently sourced a confidential factoring facility to a mechanical and electrical sub contractor.

The business had secured new contracts and the next 12 months forecasts suggested an increase in turnover to £3m up from £2m. Due to the highly contractual nature of the debt  the business could not go to their bank for an increase in overdraft  and they were also told factoring or invoice discounting was not an option. Currently there are at least 5 independent factoring companies providing contract finance and all provide a slightly different take on the facility.

XL Business Finance understands this market inside out and for any business requiring finance against applications rather than invoices we can help. Contact us today Manchester, 0161 980 0577, London 020 3301 4540


XL Business Finance Ltd is a privately owned and independent business financing company with established links to many of the UK's leading finance houses. XL Business Finance provides a viable alternative to high street banks that lack the flexibility and imagination to provide a solution to most business users requirements. XL Business Finance can provide a full range of business financing solutions and we ensure a high level of customer service and pride ourselves on quick decisions. Our independent status will ensure any offer of funding and asset finance leasing is best suited to our customer’s needs.

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737. How to make a complaint

XL Business Finance, Eaton Place Business Centre, 114 Washway Road, Sale, Cheshire M33 7RF UK.


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