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Refinancing Engineering Company

Wednesday, January 26th, 2011

XL Business Finance has just recently completed the refinancing of a UK based Engineering Company.  Managing Director Mark Redman can be seen checking ( or trying )  serial numbers on the customer’s equipment. See below for further details

XL Business Finance was approached at the beginning of the new year by the companies accountant to help a UK based Engineering company purchase new equipment for an existing project. At the same time the business wanted to future proof their cash flow and refinance their existing equipment to reduce their monthly outgoings. Although the new equipment was only £30k a refinance package including the funding of the new kit reduced their monthly repayments from £3500 per month to £2800 providing a monthly saving of £700.

XL Business Finance is one of the UK’s leading independent finance companies with over 10 years experience in the asset and asset refinance market. As with any financial market products and availability of funds vary from month to month with the various funders.  The company accountant for this particular engineering company realised the added value a specialist finance company would add to their their client. XL Business Finance was able to source the right level of funding at the most competitive rates and at the same time ensure the finance company completed all the paperwork in a timely and professional manner.

In light of the newly released quarterly trading performance we are in no doubt in line for another rocky 12 months . Refinance of existing plant and machinery may just give many businesses a life line to provide enough working capital to survive until the next upturn


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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