May 2013

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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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Examples of just a few of our finance partners:

woodsford tradebridge
metro bank sme finance
castle
funding invoice
skipton
ultimate finance group