[18/08/2012] – London and Manchester based brokers XL Business Finance have welcomed the government moves to aid SMEs. Contrary to the long line of austerity measures,that has so far been the standard from Charles Osborne. The news that the £100m to be invested in business will also be spread out to social lenders as well as high street banks will open the door for enterprises to expand.There is to be a portion of the allotted funds to target small businesses, which will be accessed by Non-Bank Providers, which will include finance providers of invoice factoring.
This news has come at a time when businesses are struggling to meet targets confidence has been too low to secure funds from traditional sources. XL Business Finance is excited at the news that they will be able to secure funds for their clients who are increasingly interested in bridging the gap between delivery and payment for goods and services.
There has been a marked increase in the number of clients visiting their website www.xlbusinessfinance.co.uk, who are seeking factors to manage their invoicing on a regular basis. This has prompted the respected brokers to take on clients from further afield than they usually service, as visitors to their website are increasingly anxious to connect with brokers that are well acquainted with lenders in the business finance environment.
In waiting for the application process to begin, XL Business Finance has seen a noticeable change in the attitude to non-high street bank led financing. This may have been due to the recent failings of traditional banking institutions. Changes in attitude are in line with the Chancellor’s insistence that low cost finance will is not to be for to the banks to manage without competition.
XL Business Finance are commercial finance brokerswho arrange finance for everyone from sole traders through to SMEs and larger businesses from leading lenders. Clients have been supplied with finance solutions to since the company formation in December 2000.
XL Business Finance
Eaton Place Business Centre,
114 Wash way Road, Sale,
Zip: M33 7RF
Tel: 020 3301 4540 London
Tel: 0161 980 0577 Manchester
Fax: 0161 332 6148