Any business that has been declined funding by the bank might be eligible for European Loan money. Depending on your location loans of £50-£250k may be available for expansion and development. The business whilst must have exhausted their options with the banks ( which isn’t very difficult nowadays) must be wanting the cash for positive reasons. The cash might be required for additional working capital to purchase stock for example to fulfill a full order book. It might be a deposit for a new machine or property for example. The idea is that the loans are available for businesses that will potential create new jobs in their particular sector or area. Call Mark Redman of XL Business Finance on 07748 635 206 to find out if you maybe eligible for funding.
Archive for the ‘Business finance’ Category
Declined by bank for funding-European Loan Money might be available!!!
Friday, January 20th, 2012Euro Crisis and the possible affect on Business Finance
Wednesday, November 16th, 2011I think it goes with out saying that the continuing eurocrisis will have a significant affect on business lending via the high street banks and finance companies. If any of the euro companies default on their debt there is the potential for significant bank write offs which in turn require the banks to recapitalise resulting in less cash for the business borrower. The goods is that there have always been and always will be alternative forms of business finance.
XL Business Finance has for the last 10 years been providing alternative forms of business finance. Whether a business is looking for invoice finance such as factoring or invoice discounting, asset finance or refinance, or alternative forms of specilaist finance such as trade or construction finance there is always an alternative to the high street bank. These finance companies maybe lesser known but they are often specialists in their particular sector and can often provide alternative and often more flexible and creative forms of funding.
Selective Factoring
Monday, October 31st, 2011It is now possible for business owners and managers to select which customers/transactions they would like to fund, collect or insure against potential bad debt!
Selective factoring offers customers the independence and flexibility that traditional factoring does not. The major benefit to businesses is that Selective factoring looks at individual transactions rather than the whole balance sheet allowing new start businesses to flourish and grow. For larger businesses it allows them to factor individual invoices, where whole factoring is not wanted or needed. XL Business Finance has been helping businesses for over 10 years find the most appropriate business finance solutions.
Small Business Finance solutions
Friday, September 2nd, 2011
We are still living in tough times financially throughout the UK with the emphasis falling on the small business. Finance can be hard to come by for the small business owner.
Often a small business must undertake a large capital equipment investment in order to grow. The balance sheet of the business is often not strong enough to justify a Hire Purchase or Finance Lease facility.
Without capital investment the business can not grow and become more profitable. A chicken and egg scenario.
Small Business Finance is an area in which XL Business Finance has a great deal of expertise. As an independent finance broker we understand the problems of small business finance, arranging equipment leasing and machinery finance for example.
At XL Business Finance we can provide small business finance for investments from as little as £1000. This could be useful for providing tax efficient leasing for office furniture, computer equipment and telephone systems for instance.
Do not think of us as a company who provides you with a one off service to get you up and running then disappears into the night. We work along side many clients for many years providing finance solutions such as factoring, debt factoring or factoring invoice discounting facility.
As an independent factoring broker XL Business Finance can provide you with the best Business finance to meet your specific requirements.
What is a factoring broker?
Monday, June 20th, 2011It makes sense to use a reputable and well established factoring broker. They will undoubtedly find you the best option which will be invaluable when it comes to choosing the right factoring and invoice discounting company for your business.
Unlike asset finance specialists where commission is added into the deal, the factoring broker is paid by the factoring or invoice discounting company from the income they would normally charge.
There are some important factors that need to be taken into account when choosing the right finance company. The biggest factor is to identify whether your business requires factoring or invoice discounting. Not all funders are equally specialised in factoring and invoice discounting. In fact some may just concentrate on one aspect of funding. The size and length your business has been trading needs also to be taken into consideration. High street banks are not always the most appropriate funder.
XL Business finance is one of the North of England’s premier independent finance companies with established links to many of the UK’s leading finance houses. Call us today, we are happy to discuss your specific situation.
Business Finance Alternatives
Thursday, May 19th, 2011
As I am sure most SME owners agree there are still a few difficult years ahead when it comes to arranging business finance via the traditional high street banks.
In our opinion banks are in a very difficult position. They are under pressure to start lending to small businesses however many of these businesses are not strong enough to justify bank support. The banks have been heavily criticised in the past for being too cavalier with their lending policy. Rock and a hard stone comes to mind.
Thankfully there are many alternative business finance solutions including cash flow finance, asset finance and refinance, trade finance and EFG funding. More often than not there is always an independent finance company willing to structure a deal when the banks cannot help.
Selective Factoring
Tuesday, May 17th, 2011Selective factoring enables business owners and managers the opportunity to select which customers or transactions they would like to fund, collect and insure against a potential bad debt.
Selective factoring looks at the individual transaction rather than the whole balalnce sheet and debtor book. For smaller or new start business it enables a business to factor selective debts without the need to be tied into a 1 or 2 year contract. In difficult times this obviously helps keep costs down. For larger more established business selective factoring enables factoring of individual invoices where whole turnover factoring isnt needed or wanted.
Obvioulsy there are a number of financial institutions that offer selective factoring. We are able to find the best solution for your needs. Contact us today.
Business Finance Alternatives
Monday, April 18th, 2011As an independent business finance broker we are still seeing many businesses looking for additional funding but have been rejected by their own bank. Thankfully there are many independent business finance alternatives that can help where the banks for one reason or another cannot help. Whether it is cash flow finance such as factoring or invoice discounting, asset finance or refinance, import or export finace there are so many viable alternatives. It is even possible to obtain Enterprise Finance Guarantee Funding ( EFG) from some alternative sources. A goodbusiness finance broker will know at least twenty or so different finance comapnies that can help when the banks wont. In addition they will have the network of fundersd to quickly find you a funding solution
Is it getting easier to obtain business finance?
Friday, April 8th, 2011In our opinion obtaining business finance is still not getting any easier. Banks in particular are dammed if they do and dammed if they don’t. Onone hand we can proportion some of the blame to the banks for their cavalier lending policy over the years. However don’t forget that the greed of the consumer and lack of regulation from the government is partly to blame. On the other hand the banks have crawled into their shells mainly through lack of availability of cash but also because the quality of the applications they are seeing probably doesn’t meet their lending criteria. Admittedly the lending criteria has probably tightened but who came blame the banks when most of the UK’s SME businesses appear to be on a knife edge.
The good news is that their there are plenty of independent business finance insitutions coveing invoice discounting , factoring , commercials mortgages, trade finance and asset based lending providing viable and accessible alternatives to the high street banks
XL Business Finance sells to Middle Eastern investors for £300M
Friday, April 1st, 2011Middle Eastern investors have reportedly purchased XL Business Finance for £300m! Due to the dwindling oil resources in the middle east a consortium of investors feel the future is with asset based lending in the UK and have teamed up with XL Business Finance as their chosen funding partner. A signing on fee of a cool £50m is reported to have been negotiated for XL Business Finance founder and owner Mark Redman. A not such a daft fee considering the fee paid recently by Chelsea Football Club for Torress. At the time of press release Mark Redman was unavailable for comment as he has apparently done one to some boiling hot holiday destination and never to return. Dream on!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
