IT & telecommunications

The complexity of the IT and Telecoms Industry and the abundance of both tangible and intangible assets means it can be difficult to know how to best raise finance to expand.   XL Business Finance has more than15 years’ experience in raising finance for businesses in this sector and we can provide the advice to secure the best funding facilities.

Whether you run a large telecoms company or a small IT consultancy, we can source bespoke funding facilities for you including asset finance, business loans, grants and invoice finance.

We specialise in Asset Finance or Equipment Finance to purchase new or second hand equipment or machinery via Hire Purchase or Finance Lease facilities.  You can also consider refinancing existing equipment to raise finance for growth.

We also have access to many straight forward business loans.  Again, for the right business these can be very competitively priced. Loans can be used for any business purpose such as business growth, to assist working capital, cover a one-off business cost, buy an asset or develop a property.

Your business may also qualify for the Deposit Scheme which provides grant finance to eligible businesses.  We can carry out a grant search to see if your business is eligible for any grant funding.

Invoice Finance allows you to raise cash quickly against your unpaid invoices.  You receive up to 95% of the invoice value and the remainder when the invoice is paid (less a fee).  Cashflow can be critical in this industry with potential lengthily project times so Invoice Finance can be a sound option.

It goes without saying we have access to the best facilities at prime rates for long established and financially sound businesses however we also have access to finance for businesses with impaired credit or maybe that gone through an insolvency process. New starts are also not a problem.

There will be other funding options available depending upon your circumstances such as Cashflow loans, revolving credit and pension-led funding so please get in touch to discuss your individual requirements.