Unlikely anyone is reading the blog today especially when most people will be hung over in some form or another. However we wanted to take the opportunity to wish all our customers all the very best for 2010. Most of will be delighted that 2009 is behind us which can only be described as the worst year from a business point of view that any us can remember. Anyone who says that they have had a great year is lying. Most businesses have been treading water at best and the ones that have survived 2009 and can survive the continued turmoil in 2010 will undoubtedly be in a very strong position when things eventually start to pick up.
Although there were signs at the back of 2009 that business was starting to pick up 2009 has very much been a year of peaks and troughs and hopefully for your business the peaks have just about been better than the troughs. In our opinion the economy in its very fragile condition will bumble along during 2010 and hopefully we will see a big improvement during the latter part of the year. We expect the banks and high street finance companies to continue to be difficult and as such raising any kind of business finance via the high street will be extremely difficult.
On the up side there are plenty of privately owned finance companies looking for the right kind of deal. Whether it is a finance lease or a hire purchase facility required to help with your capital expenditure requirements or you are looking for a factoring or invoice discounting facility to release cash against your unpaid debtors there will be a finance company somewhere that will be willing and able to help most businesses and scenarios! XL Business Finance wishes every single business all the best in 2010. Lets hope its better than last year!!
