Flexible funding that provides long term solutions

Businesses now have many funding options when considering cash flow loans for their business. Whilst bank overdrafts have historically been the preferred choice of cash flow finance, due to a variety of reasons, traditional overdrafts can now be very difficult to obtain.

Thankfully there are many viable alternatives and more and more businesses are waking up to the real benefits of these alternative forms of finance.

Cashflow Loans offer flexible funding solutions enabling businesses to better manage their cash flow.  The application process is straight forward and the money can be in your bank within a few days.

Not only does cash flow finance provide an immediate injection of cash but also provides access to an ongoing source of funding that can grow with the business.

You can borrow between £10,000 to £2m with interest rates from 0.05% per day and most funders allow you to repay without interest penalty.

Funding limits are based roughly on 110% of your monthly turnover and subject to certain criteria, the facility allows you to dip in and dip out. As some funders have no set up fees this can be very useful and cost effective for funding short term projects.

Whilst term loans often have cheaper headline rates of interest, they only provide a one off capital injection of cash repayable over 2, 3,4 or 5 years and as such do not provide the same level of flexibility.

Solutions such as factoring, invoice discounting, trade and stock finance can also provide businesses with a flexible and ongoing supply of funds that grows with the business by releasing money tied up in unpaid invoices and stock.

There are many alternatives in the market and often these various offerings can be a blend of different options. Here at XL Business Finance we have over 20 years experience of sourcing the most appropriate funding solution.

For further information, advive and a no obligation chat, please contact us today.