2008

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    Invoice Finance & Factoring Bucking the Economic Trend?

    We were recently contacted to contibute something to an article that is being written about businesses that are "bucking the economic trend" and recruiting more staff in the new year. If any level of recruitment next year is a measure of a business that is "bucking the trend" then I guess that paints a fairly bleak portrait of the current economic climate in the UK! Fortunately the demand for...

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    Protected Invoice Discounting Without Reconciliation

    One of the invoice discounting companies that our invoice finance brokerage deals with has just launched a new improved version of its confidential invoice discounting product, with the addition of protection against bad debts . . . appropriate in the current climate!The way that their confidential invoice discounting product works is that it directly integrates with their client's accounting...

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    Borrowing Rates Not As They Might Seem?

    Whilst the government has the expectation that recent cuts in base rate will help UK businesses, there are a few "terms and conditions" that might mean that the full effect of any cuts might not be passed onto the end users. For more information about invoice finance (factoring and invoice discounting) borrowing rates see our latest article about "How to check your borrowing rate"....

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    Changes By Banks To Overdrafts and Loans

    I received an email from the Federation of Small Businesses today advising that they are meeting with 6 commercial lenders in Sussex. The meeting is to discuss the issues that their members are experiencing due to unilateral changes by the banks to overdrafts and loans.We have also heard of some examples of this. I was talking to someone the other day that had their credit limit drastically...

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    Economic Domino Effect?

    Yesterday brought the news that Iceland are raising their banking base rate by a massive 6% to 18% as the IMF (International Monetary Fund) inject funds to rescue the country's economy. Other eastern european economies seem to be similarly struggling. Is it possible that we could see a domino effect if these weaker countries did start to collapse that would ripple across the globe?Everything...

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    New Article Top 10 Tips Comparing Factoring Quotations

    i have just put a new factoring article up on the site, our "Top 10 Tips for Comparing Factoring Quotations"....

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    Factoring & Invoice Discounting NACFB Reports Growth

    The National Association of Commercial Finance Brokers (NACFB), has just reported its members survey results to June 2008 which show huge growth amongst its members in the volumes of factoring and invoice discounting business being arranged which countered falls in the levels of leasing and short term finance arranged.This is not surprising as factoring and invoice discounting are growth areas...

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    US Bailout goes ahead but what about the UK?

    The $700 million bailout of the US banking sector has now gone through the US senate and there has been a lot of speculation about what will happen next. Noone knows for certain what the effects of this will be but the UK still seems set for difficult times.It seems like the factoring and invoice discounting markets will have a growing role in the UK bridging the credit gap for businesses that...

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    $700 Billion US Banking Bailout

    At the moment the US are renegotiating the proposed $700 billion bailout of the US banking sector which has been broadly heralded as essential to return to stability. Bank lending to US borrowers that couldn't afford it (the "credit crunch") is widely attributed as the cause of the current situation.My concern for the UK market is what about the large amount of unsecured debt that has been amased...

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    Access to Funding in the Factoring Market

    Whilst the ongoing credit crunch saga and the recent events with Lehman's bank are affecting the availability of finance generally, the factoring and invoice discounting markets are still relatively unscathed.Some of the factors and discounters have tightened up their funding criteria but there are still players within the market that are leading by being bold with the finance they will offer....

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    What will be the Effect of the Bankruptcy of Lehman's Bank?

    Lehman's, america's 4th biggest investment bank has apparently filed for bankruptcy triggering a wave of speculation about what the future effect will be on the rest of the world?It would seem most likely that Lehmans assets will be sold off cheaply, driving down the price of similar assets which will only be bad news for the captial adequacy requirements (the ratio of capital that a bank needs...

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    How Much Worse Will The Economy Get?

    When you work within the finance industry you often see the first signs of economic problems. This was true with the recent "credit crunch" related economic issues. Some of the factoring companies that we deal with started mentioning increases in the number of debtors that have failed, 6 to 9 months ago and as is often the case the construction sector seems to have been particularly badly hit due...

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    Free Factoring Newsletter

    We have just finished sending out our latest factoring newsletter which includes an article about how factoring charges and payments have changed over the years and our predictions for the future. There will be futher articles in future editions of the newsletter along the same lines, changes to the factoring industry, so watch this space.You can sign up for our newsletter at: REGISTER FOR OUR...

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    Welcome to Glenn Blackman's Invoice Finance Blog . . .

    I am Glenn Blackman, welcome to my blog. I run a businesses that is involved with the brokerage of invoice finance facilities such as factoring and invoice discounting and market research....

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