Transport businesses are key to the success of the UK economy, connecting other sectors and delivering valuable goods and services throughout the country. With rising operational costs and increasing legislation, it is important to have a sustainable source of funding in place to fulfil orders and grow your business.
We have been providing funding for over 15 years and have the expertise to help you raise finance and source bespoke funding facilities including asset finance, business loans and grants.
We are experts in Asset Finance to purchase new or second hand equipment or machinery via Hire Purchase or Finance Lease facilities. We also specialise in asset finance to refinance existing plant and machinery and vehicles. XL Business Finance offers a viable alternative to bank funding and we understand the challenges many businesses face dealing with the high-street banks. There are many leasing and hire purchase companies providing viable alternatives.
We have arranged asset finance for many transport businesses and secured finance deals on Haulage, Buses, Coaches and Trucks.
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.
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 to you depending on your circumstances such as invoice finance, pension led funding and bridging.
The Department for Science, Innovation and Technology (DSIT) recently announced a £7.4 million pilot scheme to subsidise the cost of AI skills training for small and medium-sized enterprises (SMEs) in the Professional
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.
Asset Finance
Asset Refinance
Business Loans
Invoice Finance