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Posts Tagged ‘sale and HP back’

Sale and hire purchase back

Wednesday, May 29th, 2013

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.

 

 

Refinancing valuable antiques

Tuesday, March 13th, 2012

We normally think of sale and leaseback or sale and HP back facilities only being available for heavy plant and machinery such as engineering and printing equipment. For the right reasons it is possible to refinance rare and valuable antiques. A half million pound refinance facility has been transacted against antiquities and a hundred thousand pounds has been raised against Andy Warhol paintings. Not all finance companies are able to provide such facilities but it is worth knowing if the need arises.  XL Business Finance has access to many bespoke finance products

 

 
 
 

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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