November 2010

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    56% of SMEs Prefer An Independent Invoice Finance Company

    We asked 100 SMEs whether they would prefer a bank owned invoice finance company or an independent invoice finance company.The results were as follows:I will be looking at the reasons why over the next few days....

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    82% Of Suitable Invoice Finance Prospects Not Contacted By Invoice Finance Companies

    We selected a sample of target invoice finance prospects and asked them which invoice finance (factoring & invoice discounting) companies had contacted them over the last year in order to promote their invoice finance services.82% of businesses said they hadn't been contacted by any invoice finance companies! It is further evidence that there is a need for more promotional activity within the...

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    Average Business Loan Represents Just 4.7% Of Sales Ledger

    In our SME survey we asked SME businesses if they had business loans and if so what percentage it represented of their outstanding sales ledger. Of the 7% that had a business loan, the average value represented only 4.7% of their outstanding sales ledger.This figure is much lower than that for invoice finance, which can be an alternative to getting a business loan. Recent figures from the ABFA...

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    No Minimum Base Rate For Invoice Finance & 28 Days Notice Of Termination

    Please see the news article below for details of a recent offer available exclusively from one of it's invoice finance providers. The offer gives our clients no minimum base rate or LIBOR rate and short notice of termination periods with the chance to terminate with just 28 days notice of termination during the first 6 months of using the facility....

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    HMRC Time To Pay Arrangements Value Halves & Refusals Double

    Research results published by Business Money suggest that the value of HMRC Time To Pay arrangements for outstanding tax payment has halved in value over the last year whilst the number of refusals to join the scheme has doubled.If you have been refused a Time To Pay arrangement the funding to pay your outstanding tax can often be raised through invoice finance, factoring or invoice discounting....

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    7% Of SME Businesses Have Business Loans

    In our recent survey we asked a group of 100 SME businesses if they had a business loan. 7% said that they did so 93% don't have a business loan. An interesting contrast to the 88% that said they had an overdraft. This places overdraft as a more widely used form of finance than business loans.This is much higher than the percentage that use invoice finance, factoring and invoice discounting (less...

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Examples of just a few of our finance partners:

woodsford tradebridge