XL Business Finance
Follow us on Facebook Follow us on Twitter Follow us on LinkedIn

Archive for May, 2011

Business Finance Alternatives

Thursday, May 19th, 2011

As I am sure most SME owners agree there are still a  few difficult years ahead when it comes to arranging business finance via the traditional high street banks.

In our opinion banks are in a very difficult position. They are under pressure to start lending to small businesses however many of these businesses are not strong enough to justify bank support. The banks have been heavily criticised in the past for being too cavalier with their lending policy. Rock and a hard stone comes to mind.

Thankfully there are many alternative business finance solutions including cash flow finance, asset finance and refinance, trade finance and EFG funding. More often than not there is always an independent finance company willing to structure a deal when the banks cannot help.

Selective Factoring

Tuesday, May 17th, 2011

Selective factoring enables business owners and managers the opportunity to select which  customers or transactions they would like to fund, collect and insure against a potential bad debt.

Selective factoring looks at the individual transaction rather than the whole balalnce sheet and debtor book. For smaller or new start business it enables a business to factor selective debts without the need to be tied into a 1 or 2 year contract. In difficult times this obviously helps keep costs down. For larger more established business selective factoring enables factoring of individual invoices where whole turnover factoring isnt needed or wanted.

Obvioulsy there are a number of financial institutions that offer selective factoring. We are able to find the best solution for your needs. Contact us today.