2013

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    #Factoring Market Slows Down For Christmas

    The #factoring new business flow has started to slow down for the Christmas break, as it always does around this time of year. We are in contact with large numbers of businesses so we notice when the holiday slow down is beginning to come into effect. It becomes harder to speak to our contacts at prospective client companies and more and more are "out of office" or on holiday.The irony is that in...

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    Research Expects Growth

    Interesting findings from a piece of research conducted by an invoice finance company recently. They found that 69% of the businesses that they spoke to were expecting pro active growth in the not too distant future. A very positive sign for the UK economy. This is also good news for the UK invoice finance industry as there is a close association between high-growth companies and a high uptake...

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    Alternative Finance For Construction Projects For Construction Companies

    We had an interesting meeting with a provider over the last few days who have moved into finance for construction projects in addition to mainstream invoice finance deals. They will provide funding to construction sector businesses either against applications for payment or invoices depending upon the method of operation. This increases the options for clients as this kind of alternative finance...

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    Lists Of Global International Factoring Companies Worldwide

    If you are looking for lists of factoring companies around the world, I have put together a page with some helpful links to lists of global international factoring companies worldwide provided by Factors Chain International and the International Factoring Group here: Lists Of International Factoring Companies Worldwide...

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    Factoring Case Study Buying Out A Company Director

    We have a new case study available showing the use of factoring for buying out a company co-director in a construction business.For details please see the link: Case Study - Factoring Buying Out A Company Director...

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    Funding Voice Magazine New Articles Available

    New articles are now available under the Funding Voice Magazine section of our FundInvoice website. The articles cover reducing debtor days, invoicing, cash flow forecasting and advertising.You can find links to them all here: http://fundinvoice.co.uk/news/news_new_funding_voice_articles.html...

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    New Article Disadvantages Of Bank Overdraft For New Start Ups & The Alternative

    This article describes the research we conducted amongst a sample of new start up businesses. It highlighted some disadvantages of using bank overdraft. Despite bank overdraft being the most popular form of finance for start ups with over half of them using it, nearly half of those experienced funding restrictions.Read the full article here: Disadvantages Of Bank Overdraft For New Start Ups And...

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    New Article About Construction Project Finance As An Alternative To Bank Loans & Overdrafts

    I have just published a new article on the FundInvoice site about Construction Project Finance as an alternative to using bank loans and bank overdrafts to finance construction sector projects. You can read the article here: Construction Project FinanceThis type of finance is very specialist and there are a limited number of construction finance companies that offer such facilities. However it...

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    Single Invoice Finance Article

    I have just put together a new article "Single Invoice Finance - All The Options" that discusses the various types of facility that clients often lump under this one category:The article also compares the advantages of whole turnover facilities against single invoice facilities.You can read my article here: Single Invoice Finance - All The Options...

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    Invoice Finance Against Government Green Deal Scheme Installer Invoices

    I have just put up a new article about the enquiries we have received recently seeking invoice finance against installer invoices relating to the government's Green Deal scheme. The Green Deal scheme helps fund energy saving work to houses and businesses and the invoices can often be funded via invoice finance, even where there is only one single debtor that is a government body. You can read the...

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    Invoice Factoring Online

    I am just putting together an article about invoice factoring online and to what extent you can complete the whole transaction of signing up for invoice factoring and then running your factoring facility online. When you broaden the term to also include invoice discounting & invoice finance the extent to which you can completed the whole thing end to end online is greater. It highlighted to me...

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    Factoring Calculator Available Online

    On the FundInvoice site we have a factoring calculator that can be used online to calculate the amount of funding that factoring could raise for your business by releasing cash from your unpaid sales invoices:Factoring Calculator...

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    Invoice Finance Can Help New Starts & High Growth But Most Can't Access Funding

    Looking back over two recent surveys one of 100 new start businesses and our most recent survey of 100 high growth businesses (20%+ pa) and there are a number of interesting similarities. Both segments, new starts and high growth companies are ideal for invoice finance funding such as factoring & invoice discounting but in both cases the vast majority of companies don't find their way to invoice...

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    Reasons Why Fast Growing Businesses Miss Out On Invoice Finance

    This is a summary of the reasons non users of invoice finance (84% of 100 high growth companies) gave for not considering invoice finance as a funding option for their high growth business (20%+ growth pa - note these values are rounded hence the total):...

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    Why Fast Growing Companies Are Missing Out On Available Finance

    This article explains recent research conducted into the finance requirements of high growth companies (20%+ pa) and it identified the reasons why very few fast growing companies are finding their way to invoice finance as a funding source.The key reasons were "invoice finance not being mentioned as an option" by the bank, accountant or advisers and "not knowing what invoice finance was". These...

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    Only 5% Of High Growth Companies That Didn't Use Invoice Finance Considered It As An Option

    Another result from our survey of 100 high growth businesses (20%+ growth pa). As previously reported 12% of our sample used invoice finance and we asked the remaining 88% if they had considered using invoice finance to funding their high growth business.Only 5% of the fast growing businesses that were non users (the 88%) had even considered invoice finance as an option - many of the reasons for...

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    How Does Invoice Finance Work? Infographic

    Its always difficult to boil down invoice finance into something simple that people can understand. So to answer the question "How Does Invoice Finance Work?" we have produced a simple infographic which shows the process at an overview level.You can view it here: Infographic - How Does Invoice Finance Work?...

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    List Of Invoice Finance Companies In The UK

    We have just put up a list of invoice finance companies in the UK on the FundInvoice site. There are probably about 60 invoice finance companies on the list after taking out a few names which form part of the same overall groups - still plenty of choice for anyone seeking invoice finance. The selection includes bank backed and independent invoice financiers, spot factoring & invoice discounting...

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    Free Business Finance Information Pack Available From FundInvoice

    FundInvoice have a new free, business finance information pack, in PDF format which is now available to download: Free Business Finance Information Pack...

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    The Consequences Of Insufficient Funding To High Growth Companies

    When we surveyed 100 high growth companies we identified 59% of them that said that they had not had access to sufficient finance and funding to support their growth rate (growing faster than 20%+ pa). We went on to question them about the consequences of that lack of funding and these were their responses:...

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    52% Of Maximum Growth High Growth Companies Use Invoice Finance

    That might read like a strange title but let me explain!In our study of high growth companies (20%+ growth pa) we identified 79% that said that with more funding they could grow even faster. That leaves 21% that said that they couldn't increase their growth rate even with more funding. We analysed that 21% of "maximum growth" businesses and we found that 52% of them used invoice finance to fund...

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    FundInvoice Invoice Finance Quote Search Website Launched

    The new website for FundInvoice LLP, who provide a free, independent quotation search for invoice finance, factoring and invoice discounting, has launched!Just follow this link: http://www.fundinvoice.co.ukThe site includes details of how to register for the free "Funding Voice" magazine which will be published monthly and include articles, tips and advice about improving business cash flow. You...

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    79% Of High Growth Businesses Want More Finance For Additional Growth

    We recently surveyed 100 high growth businesses (defining high growth as 20% or more turnover growth in the last year). We asked them: "If you had more finance available to your business could you increase your growth rate even further?". The answer was unanimous - 79% of those fast growing businesses said that they could increase their growth rate even further if they had access to further...

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    UK Invoice Finance Research Group Reaches 700 Members

    The UK Invoice Finance Research Group which I started on LinkedIn.com has reached the 700 member mark.The group is a platform for sharing research findings related to the invoice finance industry with the objective of expanding the market penetration of invoice finance products such as factoring and invoice discounting.There are numerous historic discussions on the groups forum that you can read...

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    FundInvoice Completes Its First Invoice Finance Client Switch On

    FundInvoice LLP, our new brokerage for invoice finance, factoring and invoice discounting is off the ground with its first client switch on!We managed to complete a Confidential Invoice Discounting facility for a client that had overdraft restrictions. The client also raised applications for payment, which are common within the construction sector, but FundInvoice were able to find them a finance...

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    FundInvoice LLP Launched - New, Free Invoice Finance, Factoring & Invoice Finance Quotation Search Service

    I have launched FundInvoice LLP, a new invoice finance brokerage, with my business partner Sean Morrow.FundInvoice will offer a free, independent quotation search service for invoice finance, factoring, invoice discounting, trade finance and asset finance offering a completely personal service.An exciting new project to get off the ground, the website is under construction but should be up and...

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    Deal Completed - CID Found For A Factoring Client

    We were able to assist an engineering client of a factoring company that wanted to move to Confidential Invoice Discounting (CID).Confidential Invoice Discounting enables the client company to undertake their own credit control activity without their customers knowing that there is an invoice discounting company involved. This facility was not available from the client's existing factoring...

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    Deal Completed - Invoice Finance Costs Reduced By £350 Per Month

    This is an example of the cost savings that can be achieved by moving between invoice finance companies.We were able to assist a client of a bank owned invoice finance company that were looking to save some money on their invoice finance costs.We found them a deal which will reduce their invoice finance costs by £350 each month, a saving equivalent to £4,200 per year, a good saving in the cost...

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    High Growth Companies Are 43% Short Of The Funding They Require

    I recently reported that 59% of the 100 high growth businesses (turnover growing by more than 20% over the last 12 months) we interviewed said that they had less funding than they required. These businesses were using a combination of overdraft, loan and family money to fund their businesses. We went on to ask them how inadequate their funding was.On average these high growth businesses that...

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    Deal Completed - Improved Service Switched From Bank Owned Factoring Company

    We have recently been able to find an invoice finance deal for a client that were using a bank owned factoring company but were not happy with the service that they were receiving. The company was turning over circa £1.2 million per annum and we were able to put them in touch with a reputable independent factoring company that were able to improve on the service offering that they were receiving...

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    Deal Completed - Alternative Invoice Finance For A Larger Business

    We have recently been able to help a larger business, turning over £8 million per annum, find an alternative invoice finance facility in order to deliver a cheaper facility that would also provide them with more funding than their existing facility. We were able to put them in contact with an independent invoice finance company that are owned and backed by a major banking organisation. This...

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    48% Of Loan Funding To High Growth Businesses Is Inadequate

    Our survey of high growth businesses recently revealed that 59% of them did not have enough funding and we went on to ask those what type of funding they were using.The results were as follows (note one respondent could use multiple sources of finance):This clearly demonstrates that invoice finance is highly suited to funding high growth businesses where traditional funding sources such as...

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    59% Of High Growth Companies Don't Have Enough Funding

    Further results from our market research survey of 100 high growth companies (turnover growing at 20% or more per annum).59% of fast growing businesses said that they did not have enough funding to support their current growth rate. Amongst those businesses that did not have enough funding, none of them was using invoice finance (factoring & invoice discounting).All 12 of the respondents that...

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    Deal Completed - Factoring For A Printing Company

    We were recently able to help a printing company that were struggling with their business cash flow. Their bank overdraft was no longer sufficient to meet their need for working capital and their debtor days (the time their customers take to pay) were increasing, in fact they had more than doubled placing additional strain on their cash flow.We were able to find them a factoring facility with a...

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    Breakdown Of Funding Sources Used By High Growth Businesses

    In our recent survey of 100 fast growth businesses (20% or more pa) we asked the respondents to tell us which sources of funding they used. Some respondents used multiple sources of funding and in this set of results each source of funding used was recorded.Below is a breakdown of the funding sources used by a sample of randomly selected high growth businesses: ...

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    London Loves Business Covers ABN AMRO Alternative Finance Roundtable

    London Loves Business have covered the roundtable debate that I attended which discussed alternative funding options for SME businesses. The roundtable discussion included discussion about invoice finance as an alternative....

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    Recruitment Sector Features In High Growth Sector Survey

    Staff recruitment businesses, both temporary staff hire, permanent placements and sector specific recruiters featured heavily in our market research survey of fast growth UK businesses.The list was compiled by calling a randomly selected database of businesses until 100 were identified for interview, all with annual turnover growth rates of at least 20%.Within that list recruitment was the most...

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    59% Of Fast Growth Businesses Don't Have Sufficient Finance

    The available finance is not enough to support many high growth UK businesses. In our recent market research survey of 100 fast growth businesses (high/fast growth being defined as 20%+ turnover growth in the last year) we found that a staggering 59% of respondents said that they had not had sufficient finance to support their current growth rate.Worrying news for the UK economy when you couple...

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    Deal Completed - Invoice Finance For A Packaging Company Growth

    A small packaging company were recently found an invoice finance facility.The company wanted the invoice finance facility to support the future growth of their packaging business.Packaging is a straightforward sector for invoice finance companies to support. The simple nature of the product makes it highly suitable for financing.Invoice finance will support their future growth by releasing a...

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    New Business

    New Business covers the industry roundtable discussion that I attended regarding alternative finance: Alternative Finance Roundtable...

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    High Growth UK Businesses Survey Results - Higher Proportion Of High Growth Businesses Use Invoice Finance

    Our market research survey of "high growth UK businesses" follows on from the series of business segments that we have surveyed recently. Our sample for this survey was a group of 100 fast growth businesses i.e. businesses that had grown their turnover by 20% or more over the last year.The average growth rate across the respondents was 37.5% with the lowest being 20% and the highest 75%.We asked...

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    How Invoice Finance, Factoring & Invoice Discounting Companies Calculate Their Charges & Pricing

    Following yesterday's post: How Invoice Finance Companies Calculate Intial Payment Percentages, I have been asked to clarify how invoice finance companies, factoring companies and invoice discounting companies calculate and set their charges and pricing.Firstly you should be aware that different invoice finance companies charge differently. Traditionally the charging structure for invoice finance...

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    Deal Completed - Invoice Finance To Fund Growth Beyond Overdraft Restrictions

    This recent invoice finance deal completed was a cleaning solutions company that were looking for growth finance but their bank overdraft was restrictive and their bank were unwilling to increase their overdraft any further.We conducted a free, independent invoice finance quotation search for them and found them an invoice finance deal with an independent invoice finance provider that are part of...

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    How Factoring & Invoice Discounting Companies Calculate The Initial Payment Percentage (Discount Percentage)

    A question was posted on the UK Invoice Finance Research Group (LinkedIn) site asking how invoice finance companies calculate the discount percentage or the initial payment percentage (early payment percentage means the same thing) that they are prepared to fund against invoices. I though I would put my thoughts on this up on the blog in case others have similar questions.Just to clarify the...

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    Cheap Factoring And Cheap Invoice Discounting

    Cheap factoring and cheap invoice discounting are often what prospective clients think they want.We often initially speak to clients that say they are seeking selective factoring or spot factoring, and we can find that for them, but once you get into the details it often emerges that they asked for that as they believed it was is going to be the cheapest option, rather than because they really...

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    ABFA Reports 2.4% Increase In ABL/Invoice Finance Client Numbers

    ABFA (Asset Based Financing Association), the #invoicefinance industry body, have published the statistics for their members for the year to the end of March 2013.These show UK ABL/invoice finance client numbers increasing from 41,498 to 42,497, an increase of 999 or 2.4% over the year. Positive growth but the number of businesses finding their way to these cash flow funding products is still way...

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    Deal Completed - Factoring Replaces Reduced Bank Overdraft

    We have seen more and more examples of restrictions in bank overdrafts recently and this particular client experienced that same issue. The client was involved with plant and staff hire and they were looking for more working capital. Rather than increasing their overdraft their bank actually reduced their overdraft and after several weeks of considering them for a factoring facility (factoring is...

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    New Start Ups Don't Realise Invoice Finance Is A Funding Option

    Our recent survey of 100 new start up businesses found that 31% were unable to raise all the funding that they wanted but none of those with funding restrictions considered using invoice finance. Their reasons for not considering invoice finance, given by the 31 respondents that couldn't get enough funding, were as follows:...

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    Latest Free Invoice Finance Newsletter Available

    The free June 2013 invoice finance newsletter is available for you to download free of charge from our website.You can also subscribe to receive future copies of the Invoice Finance newsletter direct to your email inbox, free of charge.This latest newsletter includes the following articles:...

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    Membership Of An Industry Body On Your Website Increases The Liklihood Businesses Will Buy From You

    More results from our research into online buying behaviour amongst businesses purchasing from finance related websites. We asked if various items being present on a business' website increased the chances of businesses purchasing from that business. 35% of respondents (100 randomly selected businesses) said that they would be more likely to buy from a business that was a member of an industry...

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    Spot Factoring Is Often Perceived As The Cheapest Option

    We have just had an interesting case which highlights a number of cases that we have seen and heard about from other parties within the industry. Spot factoring has risen in popularity recently and there have been a number of entrants to the market offering spot factoring which allows the client to determine which invoices to receive funding against in a transactional, selective way. Often these...

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    87% Are Not Swayed By Celebrity Endorsements

    We have conducted a lot of market research into online web related buying habits in order to improve our own.Another statistic from our market research survey of 100 SME businesses. We asked them if they thought that businesses were more likely to buy from companies that had celebrity endorsements on their website. 87% said they would not be more likely leaving just 13% that would be more likely...

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    Full List Of Advice For New Start Up Businesses From Business Owners

    This is the complete list of advice for new start up businesses, from business owners based on our survey of 100 new #startup businesses:...

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    4 More Pieces Of Advice From Business Owners For New Start Up Businesses

    Below are 4 more pieces of advice from our #startups market research survey, from business owners for people starting their own new start up businesses. These follow on from the top 3 pieces of advice published previously:The remainder of the results from the start ups survey will follow soon....

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    Top 3 Pieces Of Advice From Business Owners For New Start Ups

    As part of our #startups survey we asked 100 new start up businesses: "If you could give someone starting a new business one piece of advice what would it be?".The top 3 pieces of advice for new start ups, from business owners, were as follows:I will publish the remainder of the advice for new start ups from business owners shortly....

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    Business Growth & Alternative Funding Discussion

    I was invited to this morning's round table debate "Big Opportunities for Business Growth", which which I attended.It was an interesting debate that encompassed:The essence of the discussion was that it is down to everyone to seek growth. Businesses for their own sakes but also the government to incentivise and encourage growth and a positive culture for business in general. There seemed to be a...

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    Roundtable Discussion

    I have been invited to attend a round table discussion regarding "Big Opportunities for Business Growth".I have also put forward the following question should there be time to address it:A POSSIBLE QUESTION FOR DEBATEOur recent survey of 100 businesses showed that:In previous of our surveys:Question:In view of the lack of access to funding that UK businesses continually report, how can the low...

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    We Found 92% Of Our Prospects The Funding They Wanted

    I have read recently a number of statistics about businesses being unable to access sufficient funding, for example:A range of between 31% and 77% being unable to access the funding that they needed depending on which survey you look at.We therefore reviewed the last 50 new prospects that we have dealt with in order to see how many we were able to find funding for.This is a far better performance...

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    Deal Completed - CHOCS For A Business Refused An Overdraft Extension

    We were recently able to help a small business that were looking to grow but had been refused an extension to their limited overdraft by their bank. The bank had recommended their own invoice financing division but we were asked to introduce them to some alternative invoice finance companies and we were able to find them a CHOCS facility that would provide the additional funding for growth.CHOCS...

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    Deal Completed - Factoring For A New Start Up

    Following our recently published market research regarding funding for start ups we have just completed a recourse #factoring deal for a new start up business.The start up factoring facility will fund the growth of this new business that is already projecting multi-million pound turnover in its first year....

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    Invoice Finance, Factoring & Invoice Discounting - All The Market Research Conclusions So Far

    Below is a summary list of the key invoice finance market research findings and conclusions following publication of our latest comprehensive invoice finance market research report which includes factoring, invoice finance & invoice discounting related market research findings.These are the additional findings from just this latest research report:...

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    New Invoice Finance Market Research Findings Summary Part 3 Published

    We have just published the third summary in the series of summaries from our Invoice Finance Market Research Programme which has continued over the last 3 years.This summary includes:...

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    Additional Support & Advice That New Start Up Businesses Want

    We asked 100 new start up businesses what additional support and advice would have helped them when they first started their business.Of the 32% of start ups that said they wanted more support and advice, this was what they asked for:...

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    New Starts Want More Support Advice & Help From Their Bank But Haven't Considered Invoice Finance

    32% of new start ups that we interviewed (from a sample of 100 new start businesses) said they would have liked more support and advice when they started their new business.Of those, nearly 41% said that they wanted more support from their bank.When we looked at the other answers from that 41%, all of them said that they were unable to raise enough finance when they first started and in all cases...

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    The Start Ups With Funding Restrictions Used Either Overdraft Or Family Money - Not Invoice Finance

    In our recent survey of 100 new start up businesses we found that 31% of our sample said that they couldn't raise all the funding that they wanted initially.74% of those start ups that couldn't raise enough funding initially were using bank overdraft whilst the remaining 26% were either using their own or family money. None of these respondents that were unable to raise enough funding were using...

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    Avoiding The Consequences Of Bank Overdraft Restrictions For Start Ups

    This is a further analysis of the consequences of bank overdraft restrictions on start up businesses.My previous article identified a group of 23 start ups within our sample of 100 start ups that had used bank overdraft to fund their new start business and had experienced restrictions.In all cases they said that the restrictions were because the "bank would not lend enough".The consequences of...

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    New Fast Growth & Trade Finance Market Research Surveys Planned

    I have just completed the questionnaires for two more finance related market research surveys, fast growing companies and importers.The first is a survey of fast growing businesses, focusing in how they fund their businesses, the use of invoice finance and any funding issues they have encountered.The second is a survey of importers with questions around their funding arrangements, trade finance...

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    Paying Overseas Suppliers By Letter Of Credit (LC)

    A "letter of credit" is a financial instrument issued by a bank or similar financial institution that requires the supplier of goods to submit specified documents in order to receive a specified payment after a given time.This gives the overseas supplier the confidence to ship your goods knowing that they will be paid if they satisfy the requirements of the letter of credit and it gives the buyer...

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    New Trade Finance & Construction Finance Pages Added

    I have added new pages to the blog, one about Trade Finance and one for Construction Finance - two of the niche commercial finance products that we can help businesses find.Trade Finance - is finance for importers who are importing shipments of goods into the country: Trade FinanceConstruction Finance - is sector specific finance for construction sector businesses: Construction Finance...

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    Glossary of Invoice Finance, Factoring & Invoice Discounting Terms, Words & Phrases

    The technical terms and language associated with invoice finance can be complicated and difficult to follow. Therefore we have put together a glossary of the common terms, words and phrases used within invoice finance, factoring & invoice discounting so you can look up what each word or phrase means.Each term has an explanation of the meaning next to it and where appropriate links to relevant...

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    Trade Finance Can Fund Your Imports From Abroad

    If you are an importer of goods from abroad trade finance could help you fund and pay for those imports and shipments.If you have confirmed orders from well known debtors against which you are importing goods into the UK, trade finance could make the payments to your overseas suppliers for you (by letter of credit if necessary) and then the trade finance is repaid from the money received from...

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    Invoice Finance Can Provide More Adequate Start-up Funding Than Overdraft

    Continuing to share the findings of our survey of 100 randomly selected new start-up businesses, we asked them if they were able to raise all the funding that they wanted initially, when they first started business.Of the 52% of new start-ups that said they used overdraft, 44% of those said that they were NOT able to raise all the funding that they wanted initially, but unfortunately none of that...

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    Deal Completed - Confidential Invoice Discounting

    Another invoice finance deal completed - this time we found Confidential Invoice Discounting (CID) for a Printed Circuit Board (PCB) and Cable Assembly supplier. We were pleased to be able to find them a cheaper CID facility that was also more straight forward than their existing facility.Confidential Invoice Discounting provides funding against the outstanding unpaid sales invoices of your...

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    Difficulty Finding The Funding To Start An Invoice Finance, Factoring & Invoice Finance Company?

    There have been numerous new entrants into the invoice finance market recently with more new start invoice finance companies rumoured to be planned. All positive for us as it gives our clients more choice. The big problem for new entrants seems to be finding the backing and funding line in order to start a factoring and invoice discounting company.Those that want to set up an invoice finance...

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    Difficulty Finding The Finance To Start An Invoice Finance, Factoring & Invoice Finance Company?

    Post moved here: http://www.fundinvoice.co.uk/blog/factoring/post/difficulty-finding-the-funding-to-start-an-invoice-finance-factoring-invoice-finance-company-2.html ...

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    17% Are More Likely To Trust A Business Finance Website That Ranks Highly In Search Engines

    Continuing to build on the results from our survey of 100 businesses about what establishes trust with a business finance website, nearly 17% of the responses to the question we posed about what makes businesses trust business finance websites were that they rank well in search engines!High rankings in a search engine seems an odd way to determine whether a webiste it trustworthy, and it probably...

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    32% Of New Start Businesses Used A Bank Loan To Fund Their New Business

    So in addition to the 52% of new start businesses that used a bank overdraft to fund their business, a further 32% of the 100 respondents to our market research survey of new start-up businesses used a bank loan for their initial funding.In total that is 84% of new start up businesses that were using some form of traditional bank finance in order to fund their startup.There are some very...

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    52% Of Start-ups Said They Used Overdraft To Fund Their New Business

    More results from our market research survey of 100 start-up businesses. We found that 52% of the startups that we interviewed said that they used a bank overdraft to fund their new start business. Interestingly that figure is lower than the number of businesses that we have found to use overdrafts generally in previous surveys (we previously found that 88% of businesses said that they had a bank...

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    14% Of New Startups Use Their Own Cash Or Family Money To Fund Their Business

    It might well be the cheapest form of funding - to use your own cash or family money, but 14% of the startups that we interviewed said that they used either their own money or family money to fund their new business initially. It is probably a good way to keep costs down, assuming your family are not charging you to borrow the money!However, you also have to factor in the loss of any return on...

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    Confirmed - Awards Make Businesses More Likely To Buy From Your Website

    In our market research survey of 100 SME businesses we asked them about their buying behaviour from finance websites. One question we posed was "If the following things appear on a company website do they make you more likely to buy from the business?" - we then asked them to answer that question in respect of "Awards".The result was the a unanimous 100% of respondents said that the presence of...

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    Only 2% Of New Startups Used Invoice Finance To Fund Their New Start Business

    In our recent survey of a randomly selected sample of 100 new start businesses only 2% said that they actually used invoice finance to fund their start up business.As I have posted previously, only 4% of those startups that we surveyed said that they had even "considered" invoice finance and of those that didn't consider it, 39% of them said they didn't consider invoice finance as they didn't...

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    Startups Just Don't Know That Invoice Finance Is For New Start Businesses

    Yesterday I revealed that a startling 96% of new startups didn't consider invoice finance to fund their new start business. We then went on to ask them why they didn't consider invoice finance as an option.The top answer given by 39% of respondents that didn't consider invoice finance was that they "didn't think invoice finance was an option for start ups".This shows a real lack of understanding...

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    96% Of New Startups Don't Even Consider Invoice Finance As A Possible Funding Source

    I have new results just in from our new business start-ups survey. We interviewed 100 new start businesses about how they funded their business. The target list were all businesses that were recently started but without any propensity towards the use of invoice finance i.e. a generic list of recent new start businesses.We asked a number of questions and I will share their responses over time but...

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    Deal Completed - Invoice Discounting Recourse Period Improved

    Only the other day I put up a piece about how invoice finance recourse periods work and how we may be able to help clients find improved recourse periods: Recourse Periods and this is a good example of how that can help a client.The business in question had a restrictive recourse period that was being applied to their account of 90 days although their payment terms were 60 days from the end of...

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    Customer Recommendations & Testimonials Are The Most Important Factor In Making Customers Trust A Finance Website Online

    With our latest market research survey we have taken a slightly different tack and questioned a random sample of 100 businesses about their use of finance related websites online.The first question we asked them was: When a business visits a finance related website what do you think makes them more likely to trust that business? We then went on to ask them if there was anything else that would...

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    Reducing Your Invoice Finance, Factoring Or Invoice Discounting Costs

    A while back I published an article 6 Ways To Reduce Your Factoring Or Invoice Discounting Costs.I was looking through it just now and it rightly suggests that if you have a whole-turnover invoice finance agreement i.e. all your invoices are factored or discounted, and you don't have a constant need for funding in your business, you could save costs by switching to a selective style agreement....

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    How Does An Invoice Finance Recourse Period Work And How Do You Calculate The Recourse Date?

    The principle behind the recourse period is that it normally gives the customer more than enough time to pay the outstanding sales invoice, if its not paid then it is assumed that there is a reason for that and hence the funding against that invoice is withdrawn.The exact recourse period that an invoice finance company offers varies between providers and may be tailored to your specific business....

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    How To Calculate Funding Released With Invoice Finance

    Calculating the level of funding that will be released by invoice finance is not always as simple as multiplying the value if your sales ledger by the initial payment percentage or early payment percentage.There are other restrictions that you may encounter including:If you are being restricted by any of the above our advisers may be able to find you an invoice finance company that offers a...

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    Choice Of Single Fee Invoice Discounters Broadens Again

    Single fee invoice discounting is where an invoice discounting company offers a single charge rather than the traditional combination of administration charge, discount charge and other additional charges pricing structure. This can make the cost of invoice discounting very easy to calculate and predictable.There are numerous providers that now offer this type of structure and we have just been...

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    All My Factoring Tips, Invoice Discounting Tips & Invoice Finance Tips Now In One Place

    I have created a new page with a complete list of all the factoring tips, invoice discounting tips and invoice finance tips that I have been publishing via Twitter: Invoice Finance TipsThey are just little helpful hints and tips for people using or considering using invoice finance.See the link below to follow us on Twitter....

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    Free, Independent Invoice Finance Search Service To Introduce To Clients Of Accountants, Advisers & Consultants

    Our research amongst accountants found that most accountants can appreciate the benefit of offering our free, independent quotation search for invoice finance to their clients. We are happy to offer this service to your clients in partnership with you if you are a firm of accountants, advisers, consultants or similar.Our findings were that approximately 15% of accountants regularly referred...

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    Bank Overdrafts Are Being Restrictive Or Unavailable - Invoice Finance Is Often The Solution

    OK so it's not a statistically relevant sample size but I have just looked back through the last five cases of invoice finance deals we have completed that I have posted up on the blog and in 3 of the 5 cases there were issues with the existing bank overdraft either being restrictive against the funding needs of the business or not being available at all. Surprising just how common overdraft...

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    Free April 2013 Invoice Finance Newsletter Published & Available To Download

    The latest edition of the free invoice finance newsletter is now available for you to download, free of charge:The latest edition of our newsletter includes the following articles:...

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    Deal Completed - Construction Finance For A Group Of Companies

    We were recently able to assist a large group of construction sector companies that were finding their existing bank overdraft restrictive and they needed greater levels of working capital in order to grow and expand their construction sector business.We found them a construction finance facility that was able to release a further £250,000 of funding for the group in order to fund their growth...

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    Deal Completed - Invoice Discounting Despite Poor Financials

    We were recently able to help an established London-based business which was turning over £2 million per annum.They had an invoice finance facility from their bank and invoice finance company but they had been told, 2 years ago that they were no longer suitable for invoice finance due to their poor financial accounts.The company was looking for a confidential invoice discounting facility in...

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    What Are The Minimum Turnover Size Criteria For Invoice Finance?

    Prospective clients often as us "What are the minimum turnover size criteria for invoice finance (factoring & invoice discounting)?". Unfortunately, the true answer seems to be widely misunderstood by small companies and small businesses, there really isn't a minimum turnover. We have recently spoken to a small business who were turning over £60,000 pa and they thought that they were too small...

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    Separating Your Invoice Finance From Your Overdraft Or Bank Loan

    We have previously mentioned the consideration some clients have for not putting "all their eggs in one basket" by separating their invoice finance facility provider from their bank who provide an overdraft or term loan, for example in my article about How To Choose A Factoring Company.However, we have had an example of a prospective client that has experienced how this issue can damage the cash...

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    Deal Completed - Invoice Finance For New Start Carrier Business Overdraft Not Available

    Another case study, this time for a small new start carrier business based in Yorkshire. This was a classic case of a new-start business that needed working capital but had been unable to secure the funding through their bank via an overdraft or loan. This is quite typical of a new start business as they often do not have the assets, trading history and hence financial accounts that a bank needs...

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    Deal Completed - Factoring For A Training Company Helps With Credit Control

    In this case study, we were able to assist a London based training company who were using overdraft rather than invoice finance. They needed working capital, some of which was being provided by an overdraft, but they also had issues handling their own invoice collections. Therefore, they also needed credit control support as well.We found them a recourse factoring facility that will provide both...

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    Do You Have A Complaint About Your Invoice Finance, Factoring Or Invoice Discounting Company?

    If you have a complaint about your invoice finance, factoring or invoice discounting facility we would like to hear from you as we can help you find alternative sources of funding. The majority of invoice finance customers are satisfied with their facilities - we know this as we survey invoice finance clients of numerous different invoice finance companies to check that they are satisifed....

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Examples of just a few of our finance partners:

acg
lloyds bank
catalyst
nucleus
hitachi
hh cashflow