Business finance from XL Business

XL business finance are one of the UK’s leading independent invoice finance companies we have been advising clients for over 10 years. In our opinion using an invoice finance broker will save you the most time and help you obtain the most appropriate funder for your particular requirements.

Invoice financing

We think the best type of broker is the one that either has a meaningful conversation with you in order to find out about your business or even better they take time to visit. At XL Business finance we have access to all the finance companies on the cost comparison sites, you may have seen, and far more in addition.
Following an initial interview or meeting we can pinpoint the two or three most appropriate invoice finance providers, Preventing all those follow up calls you would receive after registering your details with inappropriate finance companies! And the good news is that this service is absolutely free. If XL Business Finance makes an introduction to a finance company and they take you on board as a customer a fee will be paid by the finance company to ourselves.

Invoice factoring for new businesses

Invoice factoring is the immediate injection of cash against value of outstanding invoices. Also known as account receivable factoring, invoices are raised up to 90% of the invoice value is released within 24 hours, the remaining 10% is paid, less a small service fee, once invoice factoring payment is received from the customer. Banks are not always the best at providing factoring to new start businesses and this can be the down fall of a small business where success can be reliant on cash flow.

XL Business are a different invoice discounting company

On the face of it one invoice discounting company is the same as another. For the majority of businesses this is probably the case. However all finance companies have their own preferences, you may find that your invoice discounting or factoring company is restricting your overall credit limit. It might be time to seek an alternative view point. As one of the UK’s leading invoice finance brokers we believe we are well placed and qualified to help you with such matters.