In this challenging economic climate the high streets banks appetite to write international invoice discounting deals has declined somewhat. In fact there are very few invoice discounting providers that will provide a true international invoice finance facility. The good news is that there are still a number of lesser known funders willing to assist in this very difficult market.
As an independent finance company we have been advising businesses for over 10 years as to which finance company will suit their particular requirements. There are many different factors which will need to be taken into consideration when making a recommendation. For example, a particular invoice discounting company maybe very comfortable in the SME market whereas once a business gets into the multi million turnover bracket there are a few foreign banks that may be able to provide a funding arrangement. It is important that you contact someone like ourselves because a finance company wishing to write business only a few months ago maybe being restricted funds today and as such their terms and conditions may not be as favourable as rather than say no they price themselves out of the deal.
As we know no finance institution admits being skint and as such they go through the motions, promise the earth and ultimately deliver nothing. At XL Business Finance we no exactly which finance company is strong in our particular sector and as such we add vale by making sure you speak to the correct finance company sooner rather than later!!
