Asset finance leasing - XL Business finance

ING Lease wiithdraws from UK market

October 30th, 2012

ING Lease (UK) limited , the UK’s biggest asset finance and leasing company, yesterday announced that as from the end of November they are withdrawing from the UK market. All deals must be completed from start to finish by the end of November. This will undoubtedly leave a big whole to fill as they advanced approximately £40m every month. There will obviously be consequences for UK businesses as the alternative finance companies tend to be more expensive and their underwriting requirements are more onerous. Thankfully XL Business Finance has access to alternative funding lines and we are well placed to find the next best solution.

Invoice Finance Facility Secured for multi-million pound enginering co

October 23rd, 2012

XL Business Finance is delighted to have negotiated and secured a new and flexible invoice finance deal for a multi million pound  north west based engineering company. Having 3 businesses within the group, multi currency accounts and a high level of export debt this deal was not going to be be for every finance company. Whilst the business was profitable an erratic trading performance over the last few years prevented their current high street bank from funding to appropriate levels. The good news was that a specialist invoice finance company was able to provide an increased £2.0m facility, funding at a higher prepayment, full export funding and cheaper credit insurance. Of the dozens of invoice discounting and factoring companies operating out of the UK only two or three are capable of transacting such a deal and XL Business Finance was able to use its experience and expertise within the industry to help the customer find the right funding solution.

Confidential Factoring

October 22nd, 2012

Need working capital but dont want your customers knowing that you are factoring? Confidential factoring provides the best of both worlds. For businesses which are not eligible for full undisclosed invoice discounting but need some form of credit control confidential factoring could provide the perfect funding solution. The finance company will provide a dedicated credit controller phoning in your company name. This provides the funder more comfort and control and will enable them to provide the confidential facility that you require that otherwise may not have been available. XL Business Finance has been providing factoring advise and solutions for over 10 years. Call Mark  Redman on 07748 635206 to find out how we can help your business.

£50k flexible overdraft facility established for social care agency

September 12th, 2012

The new alternative to a bank overdraft!

A social care and staffing agency had traded successfully for 10 years however a change in the way  local authorities and PCTs pay their invoices caused a gap in working capital. With up to 70 staff paid weekly they could not wait for up to 6 weeks for their invoices to be paid. They approached their bank who could only offer limited options. XL Business Finance were able to recommend a flexible overdraft facility. This facility was arranged in a timely and efficient manner at a costing comparable to a bank overdraft, all without the business having to move their existing banking arrangements

Directors Liability for unpaid PAYE/NIC

September 6th, 2012

Directors of companies that use HMRC as one of their bankers should take note of a recent tribunal known as ” Roberts”, about their potential personal liability for unpaid PAYE /NIC contributions

In short the finance director was served with a personal liability notice for PAYE and NIC which were deducted from wages but not paid. More details available if required. This need not happen with the correct advice and funding possibilities. There are many alternative business finance  to bank funding such as flexible invoice finance, EFG funding asset refinance and sale and lease back of intangible assets using directors pension pots.

XL Business Finance has been providing alternative funding solutions for over 12 years

 

Refinancing-Explore the opportunity

August 3rd, 2012

With banks continuing to squeeze customers we believe XL Business Finance is well placed to relieve the pressure! Refinancing plant and machinery  is  one of our key services and areas of expertise. Currently this is being used to great effect in a number of sectors. Printing, engineering, transport and any other industry sectors  that uses plant and machinery can benefit.  We are convinced that many of our customers if asked , would benefit from a £25k, £50k, £100k, £250k or even more capital injection without having to go back to the bank cap in hand to their bank!

 

 

Flexible Overdrafts

April 10th, 2012

Need an overdraft but don’t want to move banks. It is now possible to obtain flexible stand alone business overdraft. XL Business Finance now has access to a very unique business finance facility that allows you to withdraw up to 50% of your average sale ledger in the form of an overaft facility which runs alongside your current banking arrangements. It is a new and simple funding solution designed to help your business access cash it needs to run, develop and grow.  Click here for further information or contact us direct.

Cash Advances available against future PDQ/credit card sales

March 21st, 2012

It is now possible to provide your business with a lump sum of cash based on your future credit card/debit card  sales. Advances vary depending on the level of monthly takings via your PDQ machine and are usually repayable over 6 months. Because this lump sum is paid back at variable amounts linked to your monthly sales, it can help you manage your cash flow and deal with any fluctuations with your business. Funds can be used for just about any purpose and provides an alternative form of business finance for any type of business which uses a PDQ machine. I need a quote

Release cash against luxury metal!

March 14th, 2012

XL Business Finance has recently been involved with the refinancing of a Bentley Continental GT. A local businessman struggling with his bank needed cash to fund his growing business. It transpires that in doing this deal the finance company has an expertise in the luxury car market and has recently transacted a £0.5m refinance sale and hire purchase back for a very special Ferrari. Specialist funders use top experts to asses value and title to vehicles ensuring the very best funding is provided.

 

Refinancing valuable antiques

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 Limited are authorised and regulated by the Financial Conduct Authority FRN 718737. How to make a complaint | Privacy Policy

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

 

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