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Revolving Trade Finance

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.

 

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

 

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