September 2012

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    Deal Completed - Recourse Factoring For Property Maintenance

    Another one recently completed - recourse factoring for a property maintenance company based in Derbyshire. They were looking for finance in order to fund their growth. Recourse factoring provides both funding against the property maintenance invoices that they raise but also a collections and credit control service to assist them with the chasing of overdue sales invoices, this in turn can also...

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    87% Don't Know Its Easier To Get Factoring Than Invoice Discounting

    Anyone that works within the invoice finance industry will consider it common knowledge that qualification for invoice discounting is harder than qualification for factoring. With a factoring facility the factoring company has more control over the client's sales ledger (their security) as the factoring company undertakes the credit control function for the client, hence the qualificaiton...

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    Deal Completed - Debt Collection Help

    It's not always about rasing finance, some of the deals we work on just need help collecting in their old debts and invoices. We have recently completed such a facility for a business college that had significant levels of overdue debt from students who had not repaid their loans. We found them a debt collection agency that will help them with this significant credit control and debt collection...

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    ABFA New Code Of Conduct & Complaints Procedure By January

    Good news for invoice finance users - according to the Telegraph, the ABFA (Asset Based Finance Association) has announced that it is to launch a new code of conduct for its members and a complaints procedure by January. This is positive for invoice finance users as it gives them an avenue to escalate complaints beyond their factoring or invoice discounting company.Kate Sharp of the ABFA was...

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    Deal Completed - Recourse Factoring For An Accountancy Practice

    Accountants were not historically prime customers for factoring companies but that has changed in recent times. Accountancy practices are now able to access recourse factoring as the list of eligible industry sectors has expanded in recent years.We have recently completed a recourse factoring facility, with one of our factoring company partners, for a Leicestershire based accountancy practice...

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    Why Do Businesses Think Invoice Finance Is Easier To Get Than Overdraft?

    As you may have seen from my previous posts only 7% of businesses think that it is easier to qualify for invoice finance rather than a bank overdraft. This is a major misunderstanding as invoice finance is often available in cases where an overdraft is not.Of those businesses that said that they thought it would be easier to qualify for invoice finance than overdraft we went on to ask them...

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    Recourse Factoring Deal Completed - 30% Saving On Recourse Factoring Fees

    We were recently able to assist a printers that were turning over £300,000 per annum. Printing companies are highly suitable for invoice finance so they already had recourse factoring but were interested in saving money of the factoring fees that they were paying.We found them a recourse factoring facility with an alternative factoring company and they were able to achieve a cost saving of...

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    20% Think Its Harder To Get Invoice Finance Than Overdraft

    Just to complete the statistics, following on from my previous posts:20% of respondents, in that survey of 100 SME businesses, thought that it would actually be harder to get invoice finance than to get an overdraft! There is a great amount of misunderstanding here as invoice finance is freely available to businesses that would not qualify for an equivalent overdraft in many cases.We asked that...

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    Close Brothers Invoice Finance Launch Business Guide "Engaging Your People"

    Close Brothers Invoice Finance, one of our funding partners, have released another free business guide "Engaging Your People".The guide covers:If you would like a quotation from Close Invoice Finance and/or any other invoice finance, factoring or invoice discounting companies please contact us.NOTE: THE GUIDE IS PRODUCED BY CLOSE BROTHERS INVOICE FINANCE A TRADING STYLE OF CLOSE INVOICE FINANCE...

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    Export CID Deal Completed - 100% Export Confidential Invoice Discounting

    Confidential Export Invoice Discounting, where all the sales of a business are to overseas customers, is not commonly available but we have just completed such a facility, with one of our funding partners, for a client in the recruitment business turning over £2,000,000 per annum to debtors based abroad.Confidential Export Invoice Discounting allows the client to retain control of their...

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    Free Debtor Protection With Invoice Finance

    We have just received notification of an offer from one of our invoice finance partners offering free debtor protection with invoice finance and confidential invoice finance for businesses with a turnover of up to £250,000.Bad debt protection will protect your business against non payment of invoices and could help you avoid taking a bad debt. The protection is 100% on approved debtors within a...

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    Deal Completed - Additional Funding For Gift Importer & Wholesaler

    Sometimes we are able to help businesses that already have factoring but want to release additional working capital beyond what their current factoring company is able to release.In the case of this particular deal, we were able to do exactly that for a London based gift importer and wholesaler who already had recourse factoring from a factoring company that was restricting their funding due to...

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    Close Invoice Finance Launch Guide - How To Grow Your Business

    Close Invoice Finance, one of our funding partners, has published a new guide titled "How To Grow Your Business". The free guide covers:NOTE: THE GUIDE IS PRODUCED BY CLOSE INVOICE FINANCE AND AS SUCH GLENN BLACKMAN CAN'T TAKE ANY RESPONSIBLITY FOR THE ACCURACY AND COMPLETENESS OF THE INFORMATION IT CONTAINS...

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    UK Invoice Finance Research Group Breaks 500 Member Mark

    I am pleased to announce that the UK Invoice Finance Research Group, which I manage via Linkedin.com, has broken the 500 member mark with 502 existing members as of yesterday.The group is free to join and discusses research and research related issues relating to the invoice finance industry with a view to trying to encourage the expansion of the UK invoice finance industry. We publish all of our...

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    Deal Completed - Recourse Factoring With Poor Credit Rating

    We were recently able to assist a London based clothing manufacturer, who was turning over £250,000 per annum, find a recourse factoring deal to support their growth plans.The prime mover of the clothing manufacturing business had a poor credit rating and so had not been able to find a finance facility elsewhere. Credit ratings are often important when applying for overdrafts and loans but with...

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    Mistake - 73% Think Invoice Finance Is As Hard To Qualify For As Overdraft

    When we spoke to a sample of 100 SME businesses about their financing we asked them to comment on how difficult they thought it would be to qualify for invoice finance (factoring & invoice discounting) as against overdraft.73% of respondents thought that it would be just as hard to qualify for invoice finance as to qualify for an overdraft. This indicates a huge misunderstanding about how easy it...

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    85% Of Construction Businesses Would Benefit From Immediate Payments Against Uncertified Applications For Payment

    The construction sector is an area that several invoice finance companies now fund and we have successfuly assisted many construction sector businesses find funding. To better understand the sector we have just completed a survey of 100 randomly selected businesses within the construction sector. I will publish the answers to a variety of the questions asked on this blog over the coming weeks.One...

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    Deal Completed - Recourse Factoring For A Design & Marketing Studio

    Another recourse factoring case study of a recently completed deal:This time we found a recourse factoring facility for a small design and marketing studio that wanted to improve their cash flow in order to fund business growth.Recourse factoring will release funds against their sales invoices as they raise them allowing them to immediately use those funds for any purpose. In many small...

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Examples of just a few of our finance partners:

igf
hitachi
closebrothersinvoicefinance
ifg
bibby
acg