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

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
MX15 YAU
Silver black leather
29k miles
F( BM) SH
VAT qualifying
£22,500

Priced for quick sale.

Lease and HP options available.

Contact us for details

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.

Eligibility

• 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.

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

Providing  an invoice is no more than 3 months old it is possible to finance recently purchased assets at prime rates via a standard  hire purchase agreement . This was the case for a packaging business that purchased two finishing machines at a total of £5ok out of working capital. In hindsight due to  cash flow pressure the kit should have been financed at the time of purchase from the supplier. XL Business Finance organised  a  retrospective hire  purchase  agreement with a prime funder at prime rates even though the kit had been invoiced and paid for.  It is important to do this within 3 months of original purchase as specialist refinance companies will need to be considered.

If you have confirmed purchase orders it may be possible to obtain finance via supply chain finance as was the case for a dried fruit exporter.  XL Business Finance was recently introduced to a business via its bank that had won a substantial contract with a US business supplying dried apple snacks. The requirement for 100% cash covered letters of credit was unworkable and impossible for the client to finance. XL Business Finance  was able to arrange e a $2m solution to procure apples and pay the factory. The deal was secured on credit insured payments from the US buyer. Supply chain finance can either work on a stand alone basis or in conjunction with your existing bank facilities.

A £1.25 m revolving trade finance facility was recently organised for a UK company enabling it to grow it business supplying high quality gas fires to major retail outlets. When the facility was first negotiated the business was experiencing cash flow difficulties and was unable to provide secured payment to its Chinese supplier. The solution was to provide a letter of credit and import loan secured against confirmed orders enabling the business to purchase the necessary products. The end  customers included blue chip high street retailers. The trade and import facility was instrumental in allowing the business trade through a difficult economical environment at a time when no support was available from its bank.

Looking to expand? Need some Working Capital? Buying some new machinery, equipment or vehicles?

We can find you unsecured and secured business finance quickly. No business plans, forecasts or lengthy applications needed. Rates are from 6.4%AER and 8.6% average.

Unsecured loans £5-£100k, secured loans from £100k- £500k. and large asset finance and refinance deals £25k-£500k.

Criteria

Is your business a limited company or a Limited Liability partnership

Has filed two years accounts?

Is  your business stable and creditworthy?

Do you have a UK resident director?

If yes call Mark Redman today on 0161980 0577

Or complete the contact form on following link. Apply now

 leather

36000 miles

Full service history

auto