An existing client of ours saw an opportunity to acquire a competitor where the owner wanted to retire.
XL Business Finance were able to use the assets from the existing business and the business to acquire to finance the full purchase of the business.
This was done through using one of the new challenging banks to provide most of the funds and as XL Business Finance also provide funds to finance and refinance, we were able to provide additional funds by refinancing some of the existing equipment.
