Asset finance leasing - XL Business finance
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We’re Back!

Following the construction of our fancy new website by our good friends at Marketing Insite we are hopefully  back in the  swing of blogging. Yipee I here you cry. Not!

During the last few months or so it is fair to say that obtaining business finance still continues to be difficult especially when it comes to dealing with the banks. Business directors and owners are also beginning to realise that the Enterprise Finance Guarantee Scheme ( EFFG) as provided by the banks is not what it is cracked up to be. Unless the bank wants to deal with you in the first place and the lack of tangible security is the only thing stopping the bank wanting to do the deal then the banks  will not offer funding.

In addition it was also possible to obtain grants and loans via local development agencies. Due to the government cut backs these have all virtually disappeared. So what options are there left for businesses requiring additional funding?

There is and always will be various hire purchase and finance lease companies offering funding , however due to supply and demand of funds it is worth consulting a good independent finance broker to search out the best possible deals. More often than not many businesses require additional working capital facilities. We have never been a great fan of bank overdrafts due to the fact they can be quite restrictive and are always repayable on demand. So that leaves us with traditional factoring and invoice finance facilities. Once upon a time this was viewed as a lend of last resort however invoice finance is still one of the most competitive and buoyant growing areas of finance. In addition competitive funding is provided by a large variety of independent companies , banks and building societies all offering slightly different products for different types of businesses.

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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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