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£15 Million secured for UK Businesses

Friday, August 31st, 2018

Small businesses turned down for loans from the UK’s high-street banks have received over £15 million of funding thanks to a government matchmaking scheme.
Over the past 12 months, 670 businesses have raised over £12 million of funding through the Bank Referral Scheme, four times what was raised in the previous year. Since it was introduced in November 2016, more than £15 million has been sourced for businesses across the country.

The Bank Referral Scheme requires Britain’s biggest banks to pass on the details of small businesses they have turned down for loans to online credit brokers. The brokers then help those businesses to source funding from alternative, and often smaller, lenders.

Rejected businesses are now automatically offered the opportunity to be referred to three online credit brokers: Alternative Business Funding, Funding Options and Funding Xchange.  Each platform provides access to a range of lenders and products, including business loans, revolving credit, asset finance and invoice finance.  Loans resulting from the scheme ranged from £100 to £1.3 million and the average size of a loan secured was £17,285.

Fast Business Loans £5k-500k

Tuesday, November 13th, 2012

Looking to expand? Need some Working Capital? Buying some new machinery, equipment or vehicles?

We can find you unsecured and secured business finance quickly. No business plans, forecasts or lengthy applications needed. Rates are from 6.4%AER and 8.6% average.

Unsecured loans £5-£100k, secured loans from £100k- £500k. and large asset finance and refinance deals £25k-£500k.

Criteria

Is your business a limited company or a Limited Liability partnership

Has filed two years accounts?

Is  your business stable and creditworthy?

Do you have a UK resident director?

If yes call Mark Redman today on 0161980 0577

Or complete the contact form on following link. Apply now

 

 

 

 
 
 

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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