Asset finance leasing - XL Business finance
XL Business Finance Blog » Blog Archive » Invoice Finance helping ease restricted credit terms

Invoice Finance helping ease restricted credit terms

One of the most common difficulties currently facing many businesses is that creditors are trying to shorten their credit terms. In extreme circumstances we are seeing many credit terms being completely removed. Suppliers are wary of providing credit on the basis that they probably have had their fingers burnt due to the vast number of businesses going into administration. This doesn’t help the business which are left particularly when it appears they themselves are struggling to get cash out of their own customers. Banks are being very difficult when it comes to increasing overdraft limits ¬†therefore in order to obtain sufficient working capital many business are turning to more flexible forms of invoice finance. Additional working capital is also being obtained by refinancing existing capital equipment.

Once upon a time invoice finance such as factoring and invoice discounting was deemed to be a lend of last resort. Refinancing existing plant and machinery was considered unnecessary and expensive compared with what the banks could provide. How times have changed. Both these specialist areas of finance can provide a life line to many struggling businesses or indeed any business which isn’t getting enough working capital from their incumbent bankers.

XL Business Finance has been providing innovative finance solutions for over 10 years. We are one of the leading independent experts in providing refinancing options against existing plant and machinery. We also have a vast knowledge and experience of the many factoring and invoice discounting companies. No matter how difficult your situation or indeed how well your business is trading we can certainly add value to your business when it comes to obtaining the right funding solution for your business. Any search on the world wide web will reveal hundreds of different factoring and invoice discounting companies. We will use our knowledge and experience to provide only two or three of the most appropriate finance providers

Tags: ,

Comments are closed.


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. How to make a complaint

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


Manchester, Liverpool, Leeds, Preston, Sheffield, Stoke, Merseyside, Lancashire, Cheshire, Staffordshire