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Archive for January, 2009

Stocking Finance

Monday, January 26th, 2009

It appears businesses are increasinlg looking for additional means of funding working capital other than the their bank overdraft. Stocking finance is a viable addition to taditional cash flow finance facilities. Stocking finance is usually provided in conjunction with a factoring or invoice discounting facility. Not all factoring or invoice discounting companies povide a true stocking facility. All say they do but most only provide funds against stock to provide an over advance of equal to and no more than the total debtor book. Furthermore they wil reduce the advance over an agreed period back to the agreed payment of the debtor book. IE 85-90%. There are only a handful of true revolving stock facilities where an agreeed percentage of the stock is permanently advanced on a revolving credit basis. Remember this facility must be used in conjunction with the factoring or invoice discounting facility.

Euro Deals

Monday, January 12th, 2009

It may be worth mentioning it is possible to write larger hire purchase and leasing deals in Euros. In view of the very weak pound a business may be better off drawing the funds in Euros and paying the finance company in Euros. This will only work if its operates a euro account which will therefore eradicate any exchange rate fluctuations. Obviously any business equipment finance facility is subject to credit approval!

Happy New Year

Monday, January 5th, 2009

Looks as though XL Business Finance will be hitting the ground running in the new year. We are handling an unprecedented number of enquiries for businesses  refinancing existing machinery. Deals vary from a small bakery wishing to reduce its £15k OD with the bank right through to a 10m turnover engineering company wishing to raise £250k  working capital for new contracts in 2009. No matter how big or small your equipment, so long as it has some value it may be possible to release some equity. Have a great 2009!


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 Limited are authorised and regulated by the Financial Conduct Authority FRN 718737).

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


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