April 2013

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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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    Invoice Finance For Payments Via Direct Debit & Credit Cards

    A customer that we were working with recently reminded me that some invoice finance companies are now able to collect debtor payments via direct debit and credit cards from business customers. This facility is not widely available but in recent years the number of invoice finance companies that are able to cope with payments received via direct debit mandates or credit card payments has...

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    Confidential Factoring - Credit Control, Funding & Confidentiality

    Confidential Factoring could be the right product for a business that wants the funding that factoring can provide and the credit control service but doesn't want their customers to know that they are using such a service. Confidential factoring is different from Confidential Invoice Discounting in that factoring also provides that additional credit control, invoice collection service whereas...

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    Shorter Invoice Finance Termination Periods Becoming More Common

    Termination periods, the period of notice that an invoice finance client needs to give to their funder in order to terminate their factoring or invoice discounting agreement, vary widely between different invoice finance companies. Sometimes a client will be acceptant of a longer termination period in order to secure a good deal but in other cases the client wants the flexibilty of knowing that...

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    The History of Factoring & Its Growth In The 21st Century - Infographics

    It is easy to forget how old factoring is. I came across this useful little history infographic published by an american invoice finance exchange. Their page includes an interesting summary of the history of factoring and its growth in the 21st century with infographics on the history and also how factoring works.The article suggests that they history of factoring goes back some 4,000 years to...

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    Deal Completed - Supplier of Mats Non Recourse Factoring Improved Credit Control

    This client seldom borrowed money from their bank owned factoring company but they were looking for an improved deal in terms of the service charge that they paid for their factoring and the quality of the collections service (credit control service) that they received.Where a company isn't borrowing significant amounts or even any funds, the collections service is absolutely key as it can enable...

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    Even Small Value Invoices Can Be Funded But Not By All Invoice Finance Companies

    We have had a recent case whereby an existing invoice finance client of a bank backed invoice finance company was unable to receive funding from their invoice finance company against many of the invoices that they raised due to their small average invoice value. Their sales ledger was such that there were a handful of bigger customers with larger balances and these were eligible for funding....

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    The Perfect Invoice Finance Product

    Below is the profile of the perfect invoice finance product (from the customer's perspective) based on our experience and market research:1) Overdraft style finance product that grows with turnover (with invoice finance risk controls behind the scenes) - clients just want predictable levels of funding without any hassle and they want the funding to grow in line with increases in their sales. They...

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    How To Get Approved For Factoring

    Below are 5 tips about how to get approved for a factoring facility. These are simple things that you can do to improve you chances of being approved for factoring:1) Invoice in arrears - factoring companies are all about the quality of your sales invoices. They will often overlook poor financials if your debtor book is strong. One of the key issues for a factor is ensuring an invoice is...

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    Invoice Discounting Clients Only 5.1% More Satisfied Than Factoring Clients

    We have recently completed a large survey of 1,000 factoring and invoice discounting existing clients across a broad list of different factoring and invoice discounting companies. This list was drawn from the numerous invoice finance clients that have either contacted us or we have identified over the years.One of the questions we asked them was how satisifed are you with your existing invoice...

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    Find Funding Or Finance For A Large Business, Large Company Or PLC

    If you are a large business or large company we can help you find large amounts of finance or funding and we are aware that you will need that funding to be provided at fine rates that reflect the size of your business.We have dealt with businesses turning over up to £250 million per annum and all points in between. Our business finance quotation search service is still free even for large...

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    Invoice Finance Free Newsletter Available

    Our latest free invoice finance newsletter is now available.This month we have alternatives if your overdraft is removed or reduced and case studies about cost saving achieved for clients....

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    ABFA Launches New Code Of Conduct & Ombudsman Service

    The Asset Based Finance Association (ABFA) has launched a new code of conduct for its members (which include many of the key factoring companies and invoice discounting companies within the UK) backed up with an Ombudsman service.Good news for clients that are using the services of ABFA members - they now have a defined code of conduct and access to the Ombudsman if they are unable to resolve...

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    Examples Of The Cost And Price Of Factoring & Invoice Discounting

    Following my post on the average cost of finance via one of the invoice auction sites, I thought comparative examples of the cost and price of factoring and invoice discounting might be helpful.As you will see on our site the cost of a whole turnover style invoice discounting or factoring service reflects a pricing discount due to factoring or discounting a larger volume of turnover - some...

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Examples of just a few of our finance partners:

castle
ashley
igf
metro bank sme finance
marketinvoice
ultimate finance group