XL Business Finance
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Sale and hire purchase back

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.

 

 

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