- 24 Feb
Minimum Service Standards for Factoring Brokers
We just had a call from a prospective client enquiring about a factoring facility and they mentioned that they had phoned two other invoice finance brokers but neither of them had called them back! Good news for us but not for the company looking for factoring. You would think that in the current economic climate other brokers would be chasing every opportunity - perhaps they have seen the same...
- 17 Feb
Unauthorised Overdraft Fees for an SME
We have just had an invoice finance prospect, an SME, where one of the major banks has reduced their overdraft by circa 90% after they received a payment into their account which reduced their borrowing. Furthermore, the bank have then "allowed" an unauthorised overdrawn position (equivalent to circa 50% of their previous overdraft value) and charged them circa the value of the "unauthorised"...