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Archive for the ‘Business Loans’ Category

Spread the cost of your Tax bills

Thursday, March 3rd, 2022

You can spread the cost of your HMRC Self-Assessment tax bill, Corporation Tax or VAT bills using a easy to arrange solution that will ease any pressure on your cashflow.

Key advantages of financing your tax bill:

  • Competitive cost – a fixed transaction fee is added to your finance agreement and spread throughout your repayment term
  • Simple application process without the need for supporting projections or complex application forms
  • New, unsecured line of credit with no assets charged as security – existing funding lines are not impacted
  • Preserve you your cash flow and maintain working capital for other areas of your business
  • Flexible repayments – spread the repayments over 6, 10 or 12 months to suit your budget, with an option for reimbursement if you have already paid HMRC in full

Contact us to find out more

Opportunity to buy land and build premises

Monday, September 13th, 2021

One of our clients needed to scale up their business premises and had been leasing for the last 5 years.

They wanted to invest in a property for their family business and saw an opportunity to buy land with planning permission to build a unit of 9,000 square feet which was ideal.

We were able to fund the purchase of the land with a term loan, which was secured on the land at very good rates, as there are some specialist lenders that have access to subsidised loans where they are used to create jobs.

We then used a similar, but different, company to provide bridging finance for the build of the new premises. Once the premises were completed, we then provided them with a commercial mortgage to repay both bridging finance loans.

Opportunity to buy premises from Landlord

Monday, September 13th, 2021

A regular client of ours had an opportunity to buy his factory premises from his landlord after renting them for many years.

The issue was he had to find a 30% deposit.  We were able to fund the whole purchase by providing a term loan as the deposit and a commercial mortgage for the balance.

Buying a competitor

Monday, September 13th, 2021

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.

Hotel renovation funded

Friday, August 14th, 2020

A hotel group approached us with a requirement for a renovation fund for some of their hotels.

We worked on a Business Loan package and secured almost £1 million of funding.  The funding was also used for brand development and marketing.  The business was able to repay the lending over 10 years and as a result the business grew from strength to strength.

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