2014

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    Vote For FundInvoice LLP in Business MoneyFacts Awards 2015

    FundInvoice LLP are finalists for Best Asset Based Finance Broker of the Year 2015 in the Business MoneyFacts Awards 2015. ...

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    Invoice Finance Against Invoices To Argos

    Argos was always synonymous with Christmas for us as children, our Christmas lists were pretty much a list of Argos reference numbers! Hence this is going to be a busy time for any businesses that are supplying Argos.If you are a supplier to Argos, looking to release the money that is tied up in outstanding sales invoices, FundInvoice can help. We have been contacted by funding partners that are...

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    Google Plus Page For FundInvoice

    We have set up a new page and customised URL on Google+ for FundInvoice: Google+ FundInvoice PageReviews are welcomed!...

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    New Study Of How Invoice Finance Users Pick Companies

    I have just finished setting out the questionnaire for our next study which will canvass a sample of existing invoice finance users. The questions are varied but we are seeking to find out how existing clients came to use factoring or invoice discounting, and how they pick between different companies.We are also going to be asking them about any issues that they have with their invoice finance...

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    FundInvoice Are Finalists In Business MoneyFacts Awards 2015

    Great news! FundInvoice LLP are finalists for Asset Based Finance Broker of the Year in the Business MoneyFacts Awards 2015: FundInvoice Finalists In Business MoneyFacts 2015...

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    Research Hub Updated

    I have updated the research hub with details of the mystery shopper exercise and a link to download a copy of the report. It shows the top 3 cheapest confidential invoice discounting, factoring and non recourse factoring quotes, received from our panel in respect of the client scenarios posed in the study....

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    Invoice Finance Mystery Shopper Full Free Report

    The full report from the invoice finance mystery shopper exercise that FundInvoice completed in October 2014 is now available. You can download it free of charge:Invoice Finance Mystery Shopper ReportIt explains:...

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    Business MoneyFacts Asset Based Finance Broker Of The Year Application Submitted

    I have just finished submitting our application to Business MoneyFacts for FundInvoice to be considered for the award of Asset Based Broker Of The Year 2015.Fingers crossed!...

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    35% Average Factoring & Invoice Discounting Cost Savings

    Here are some details of the cost savings that FundInvoice LLP have been able to find for clients: Average Factoring & Invoice Discounting Cost SavingsOverall savings were found for 81% of businesses - that's over 4 out of 5, and on average clients were saved 35% of the total fees that were quoted elsewhere....

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    Another New Invoice Finance Company

    We have been contacted today by someone we have worked with previously that has now started their own invoice finance company. Great news for clients, another option and it's always good to hear from a new funder that's eager to lend....

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    Funding Above Credit Limits

    A meeting the other day with an invoice finance company reminded me that a common issue for some clients is only being able to receive funding against invoices up to the credit limit on a particular debtor's account. Not all invoice finance companies work this way. There are alternative providers that will allow approvables funding above the credit limit on particular debtors....

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    White Label Confidential Factoring

    There is a new "white label" confidential factoring product that we can offer via one of our partners. It delivers a fully white labelled version of confidential factoring so that all contact and written correspondence reflects the branding of your business:White Label Confidential Factoring...

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    Hitachi Capital Invoice Finance Letter Of Recommendation

    It's always difficult to know who to trust when you deal with businesses through the web. FundInvoice wanted to make sure that potential customers had the ability to verify their credentials so that they know we are a bone fide organisation that have successfully helped customers that need invoice finance.To help build the trust of potential customers we have added a series of letters of...

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    Mathematical Factoring Resources

    We have had web views looking for maths help with mathematical factoring whereby you identify the components or a number i.e. its factors. Here is a link to a page with a list of relevant resources: Mathematical Factoring...

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    List Of UK Factoring Companies & Help

    If you are looking for a list of the factoring companies in the UK please see this page: UK Factoring Companies ListMost of the companies on the list will offer both factoring and invoice discounting services but if you want some more specific guidance please call Sean on: 03330 113622 and he will be happy to give you some free advice or even to conduct a free factoring quotation search for you....

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    Confidential Factoring Credit Control

    Factoring has benefits such as having your sales ledger chased by a professional credit controller, however some clients are worried that they don't want their customers to know that they are using a factoring service. Confidential factoring is the answer it. The client gets the benefit of using a factoring company's credit control team but all activities are carried out under the client's own...

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    Testimonials From Well Known Banks And Invoice Finance Companies

    I have added to the FundInvoice site a page of testimonials from well known banks and invoice finance companies to help clients feel assured that they are dealing with a bone fide organisation.They include testimonials and letters of thanks from:...

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    Invoice Finance Without Being A Homeowner

    Again we have been discussing another prospective invoice finance client that is not a homeowner. Several invoice finance companies now insist on client company directors being homeowners. Thankfully we have factors on our panel that do not insist in this. The whole approach to this is hard to understand. The key security should be the company's book debts, personal guarantee should only be seen...

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    Breached Your Factoring Facility - Don't Panic!

    A "breach" of your factoring facility means that you have contravened one or more of the rules set out in you factoring agreement. This can result in your factor suspending further funding or even giving you notice of termination. "Breaches" can include: - Raising "fresh air invoices" that don't reflect and underlying sale. - Paying off sales invoices with your own cash. - Banking debtor...

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    Deed Of Priority For Chargeholders

    Factoring and invoice discounting often work well when combined with other forms of lending. Often an invoice financier will seek to take a charge or debenture over their client's business in order to secure the book debts as their security. This can interfere with other lenders who also require a charge or debenture to secure their own forms of lending. In such situations a "deed of priority" is...

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    An Example Of How Invoice Factoring Grows With Turnover

    If we take an example of a business turning over say £250,000 per annum. If we assumed that invoice factoring or overdraft would both release say £50,000 of funding as turnover increases the overdraft will still be £50,000 unless it's renegotiated and more lending may need more security. However, with invoice factoring, if the turnover were to increase to say £500,000 per annum, the funding...

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    Funding That Grows With Your Turnover

    The big difference between a traditional bank overdraft or bank loan and invoice finance such as invoice factoring or invoice discounting is that loans and overdrafts do not grow in line with growth in your turnover. An overdraft or loan will be for a fixed sum. As you raise more invoices so factoring and discounting will release additional funding and in that way the funding available grows in...

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    Invoice Factoring Mystery Shopping Results

    The results of our invoice factoring mystery shopping exercise will be published shortly. The mystery shopping survey compared the invoice factoring prices between different providers to find who was quoting the cheapest prices and fees. Results to follow....

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    MarketInvoice Receivables Auction Site Joins Our Panel

    MarketInvoice, the award winning receivables auction site, has joined our panel of invoice finance companies. Their invoice auction site allows clients to raise funding against unpaid sales invoices through access to a network of investors that bid to fund your invoices. If you want a quote from MarketInvoice, get in touch using the link on the right....

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    Factoring For Temporary Recruitment For The Construction Sector

    The supply of temporary recruitment staff to the construction sector is eminently suitable for factoring although the construction sector is not something that all factoring companies are willing to get involved with, so it is worth shopping around to find the invoice finance companies that are most interested in this sector. FundInvoice have been able to help several clients within this sector...

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    Need More Working Capital Than Your Invoice Finance Can Provide?

    Not all invoice finance companies are created equal! If you need more working capital than your current provider is prepared to provide there may be other alternative lenders that can provide more. There are no universal rules or risk policies that apply to the funding levels that are provided by all factoring companies or invoice discounting companies. In fact, there are significant differences...

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    Factoring For Non Home Owners

    A number of factoring companies required the prime movers of a business to be homeowners. However, circumstances are often such that we deal with directors of businesses that do not own their own home. Many people now live in rented accommodation. There are factoring companies that are happy to deal with directors that are non-homeowners and we have just completed a factoring arrangement for a...

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    Factoring Despite Individual Voluntary Arrangement (IVA)

    Factoring can be arranged for your business, releasing cash for any purpose, despite your prime movers being in individual voluntary arrangements. In fact, we have just helped a client, where the prime mover was in an IVA, arrange a factoring facility, with an independent factoring company who are sympathetic to people in such situations. An IVA or Individual Voluntary Arrangement is an...

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    Results Of Our Invoice Discounting Mystery Shop To Follow

    We have conducted a mystery shopper exercise amongst our panel of invoice discounting companies.We asked them to quote the charges for a standard invoice discounting client and then made a comparison based on some assumptions.Results to follow....

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    On Average Clients Use 2.1 Different Invoice Discounting Companies

    On average an invoice discounting client will use 2.1 different invoice finance companies during the time for which they use such services.The key driver for making this switch is is to make "cost savings"....

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    Reasons To Move Invoice Discounting Companies

    As part of our study of existing invoice discounting clients, we asked them the reasons that they would move discounters.The top answer, which represented 71% of the answers given, was for "cost savings".If you are looking to move to an alternative invoice discounting company in order to make a cost saving, FundInvoice have had success in achieving this for clients and they do not charge you to...

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    Invoice Finance Research Article Hub

    I have put together a summary "hub" of our key invoice finance related research findings. It includes:...

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    Invoice Discounting Clients Survey

    Below you will find a link to the first results summary from our survey of 54 businesses that are currently using invoice discounting.The respondents were asked about the time during which they have used invoice finance and they were also asked to provide a rating regarding their overall level of satisfaction with their invoice discounter. Further results will follow shortly.Invoice Discounting...

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    Invoice Discounting Clients Research Results

    The summary of the results of our research regarding a group of 54 existing invoice discounting clients is now available.It includes:I will shortly be adding the reasons that they gave to move between invoice discounters....

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    3.8 Years Average Time With Invoice Discounter

    Our survey of 56 invoice discounting clients revealed that on average they had been with their existing invoice discounting company for 3.8 years.That is slightly higher than the results from our survey of factoring users, 2.2 years, this suggests that the invoice discounting clients are slightly more stable with their provider. This probably reflects the fact that they tend to be larger more...

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    Auction An Invoice

    If you want to auction an invoice, get in touch and we can explain the options available. An eBay style auction for one or more sales invoices ensures that you get the best price for funding against that invoice. Other alternatives to an invoice auction are: 1) Spot factoring - selected single invoices purchased by a single factoring company. 2) Whole turnover invoice finance - all your sales...

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    Invoice Discounting Client Survey Findings To Follow

    We have conducted a survey of 54 existing users of invoice discounting.The users were asked about the time during which they had been using invoice finance and they were asked to provide a rating for their overall satisfaction with their current invoice discounting company.We also questioned them about what would be required to encourage them to leave their existing provider.An analysis of the...

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    Essential Free Information If You Use Factoring Or Invoice Discounting

    This is a monthly free email update about invoice finance. It includes research about prices and products. This is essential information for anyone who already uses, or is thinking about using factoring or invoice discounting. Subscribe free to FundingVoice Magazine...

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    Finance Product Finder

    Below is a link to our business finance product finder. 10 simple questions to help you select the best business finance product for you: Finance Product Finder...

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    UK Invoice Finance Research Group Tops 800 Members

    The UK Invoice Finance Research group, on LinkedIn, now has over 800 active members.The group discusses research findings from surveys related to the invoice finance industry and it is open for anyone with an interest in growing the invoice finance industry to join.If you click on the "Research" tab at the top of this page you'll see a link to the group....

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    Invoice Discounting

    We have many resources about invoice discounting: 1) How does invoice discounting work? 2) List of Invoice Discounting companies. 3) Invoice discounting case study. 4) Cost of Invoice Discounting For more information or to discuss your particular requirements please contact Sean on: 03330 113622 or view the CID section of our website....

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    Looking For Factoring?

    If you are looking for a factoring company we have lots of useful information to help you find a factoring company that suits you.1) How factoring works 2) Factoring research 3) List of factoring companies 4) Factoring case study 5) Cost of Factoring. 6) Article about the benefits of factoring. If you would like to speak to an expert adviser, without charge, please call Sean from FundInvoice on:...

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    Last Minute Factoring

    It is striking how many prospective clients leave arranging a factoring facility until the very last minute. Another common characteristic is that initially there is a lot of pressure from the client to arrange a factoring facility very quickly, then after us doing so, the client delays proceeding. The reason for this is often that a particular debtor payment has been received and the client...

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    What Is A Recourse Period?

    A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance facility. There are other options available. The alternative is a non-recourse, where you also receive protection against bad debts. In this case, there is no recourse period, the funding against an...

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    Invoice Discounting With No Additional Charges

    If you are unhappy with paying additional fees for invoice discounting, please see yesterday's post about invoice discounting with no disbursements. Charging additional charges is common within the invoice discounting industry and these are often levied for particular transactions such as making a payment by CHAPs transfer. This new invoice discounting product does away with the additional...

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    No Disbursement Charges

    One of our invoice discounting partners has just launched a confidential invoice discounting facility, for businesses with a turnover of at least £3 million, that has no disbursement charges whatsoever (providing you stay within the terms of the facility. The only charges are a one off arrangement fee, the Administration charge, for operating the facility and a discount charge, which operates in...

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    Factoring Calculator

    This post has a link to our factoring calculator that you should use if you are considering using factoring. The calculator takes into consideration all the benefits of factoring, such as the reduction in credit control costs from using an outsourced credit control service. You need to remember though that the service levels between different factors vary so you need to choose the right service...

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    Read This Before Choosing An Invoice Finance Company

    Before you choose an invoice finance company, please read this: Invoice Finance Research Our invoice finance market research page contains details of the research that we have completed so far and links to resources that will be helpful deciding which invoice finance company to choose.In addition please read our article: 10 Things To Consider When Choosing Invoice FinanceIf you need advice speak...

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    Help With Slow Payments

    Factoring can help with slow payments from customers and debtors in two ways. Firstly factoring will release cash against unpaid sales invoices, for example 85% of the gross invoice value could be released with the balance, less charges, passed to you when the customer pays. The second benefit of factoring, with regard to slow payments, can be from the credit control service provided by factoring...

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    Small Businesses Paid Almost 50% Slower

    A new piece of research by the ABFA shows that small businesses, with a turnover of less than £1 million per annum, are being paid almost 50% slower than bigger businesses. In an article: http://www.economicvoice.com/smallest-businesses-forced-to-wait-over-3-weeks-longer-for-payment-than-biggest-companies/ . . . their research was quoted as showing an average payment period of 71 days for...

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    MarketInvoice Exceeds £200M Invoices Funded Via Auction Platform

    Congratulations to MarketInvoice, the invoice auction platform who report that they have now funded over £200M of sales invoices on their invoice auction site. Funding invoices via an auction site can be a good option for some businesses, especially where they are looking to raise short-term funding for particular batches of invoicing. If you think that an auction style invoice trading platform...

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    Factoring For Seasonal Invoicing Peaks

    Factoring can be used to smooth out the cash flow problems caused by seasonal peaks in invoicing and trading. A "seasonal peak" is when the trade, and hence invoicing, of a business is not even throughout the year. A classic example might be a fireworks manufacturer. Most of their annual turnover is likely to be concentrated around bone fire night. There are also many other, less dramatic...

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    Factoring Company Reviews And Ratings

    If you are looking for reviews and ratings for factoring companies, FundInvoice can help. FundInvoice have carried out extensive research of the factoring market including canvassing existing clients for ratings and reviews of their existing factoring companies. These ratings and reviews can be used to assist you in deciding between different factoring companies....

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    Factoring Problems

    Problems with your factoring facility? FundInvoice may be able to help you. Although the vast majority of factoring clients are happy with their facilities sometimes clients run into factoring problems. For example: insufficient funding, problems with the collections service, a desire to reduce costs or a breakdown in the relationship with the factoring company. In all theses cases FundInvoice...

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    What Does An Invoice Finance Take On Involve?

    An invoice finance take on, also known as a switch on, normally involves a visit to your company premises by a surveyor from the invoice finance company. However, in some cases it can be conducted by the sales person, or it may be conducted over the phone/electronically. The purpose of the take on visit is to acquire the sales related records of your business in order to create a copy of your...

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    What Does An Invoice Finance Survey Involve?

    An invoice finance survey is normally a visit to your business conducted by a surveyor. Typically, a survey can take from a few hours to several, days depending upon the size of your business and hence the amount of records that need to be examined. The surveyor will examine the records of your business in order to better understand the nature of your trade, how easily your sales invoices are...

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    What Is The Invoice Finance Sales Process?

    The sales process involved with being approved for an invoice finance facility, such as factoring or invoice discounting, can vary between different providers. A generic overview of the process would be as follows: 1) Initial contact, normally by phone. 2) Meeting with a Sales representative. This will normally involve general discussion about your business and what you need. 3) Survey - this may...

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    Factoring Clients Survey

    We conducted a factoring client survey where 46 users were asked to rate and review their factoring company. We also captured information about their life as invoice finance users over time.You can read some of the results here: Factoring Clients Survey...

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    What Is A Bank Waiver?

    A bank waiver is a document, issued by a bank, that waives its rights to the book debts of a company so that the company can use these book debts to support an invoice finance facility, such as factoring or invoice discounting. Waivers are often required as the outstanding sales invoices, or book debts of a business, are encumbered by any existing charge over assets or debenture, held by the...

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    Can You Have Invoice Finance And An Overdraft?

    Yes, you can have invoice finance and an overdraft from a bank. In fact, our recent research amongst a sample of invoice finance users found that 30% of them used some combination of invoice finance and overdraft or loan finance. So it is very common. We often come across situations where a small residual overdraft remains after the client starts using an invoice finance facility such as...

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    Factoring Company Review Ratings Vary Dramatically

    Our factoring survey found huge differences between the rating reviews for overall satisfaction assigned by existing clients to their factoring company. The range of ratings assigned by clients, for overall satisfaction with their factoring company, went from 4/10 up to 9/10, A dramatic difference of 125% between the lowest and the highest ratings. These results demonstrate the enormous...

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    Factoring Clients Use Two Different Factors On Average

    Our survey of 46 existing factoring clients from across a spectrum of different factoring companies, revealed that on average a factoring client will use 2.2 different providers during its life as an invoice finance user. In total we found that clients used factoring for 4.8 years on average and they had spent 2.2 years, on average, with their current factoring company. These findings suggest...

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    Crowdfunding Comments

    I posted a while back about comments being posted on a Facebook advert for Crowdfunding, these have continued to appear, following exactly the same pattern - a belief that businesses turning over £100,000 per annum don't need to borrow anything! This is so far from the truth - looking at an example in detail:1) If a business has £100K pa turnover, it invoices £8,333 per month. On average...

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    Criteria To Qualify For Invoice Finance

    The basic criteria to qualify for invoice finance are very simple: 1) You are a business that raises credit invoices to other businesses. It is really as simple as that. Certain specific products such as factoring or invoice discounting may have further particular criteria, but in general in order to access some form of invoice finance you only need to satisfy the criteria stated above. Even the...

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    Need Help Paying Suppliers?

    If you need help paying your suppliers invoice finance can help. If you have unpaid sales invoices outstanding to your customers, invoice finance can release a large proportion of that unpaid debt to you in cash. You can use that cash for any purpose, including paying your creditors and suppliers. This can dramatically reduce creditor pressure. As you raise more sales invoices so the invoice...

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    Retailer Finance For Shops And Restaurants

    Our funding partners are now able to provide finance to retailers. The finance is based on historic receipts and the finance is collected from future income, over an agreed period. Retailers such as restaurants and shops can raise money through this source....

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    Business Finance With Poor Credit Or CCJs

    Factoring can provide business finance even where the directors, or the business, has previous poor or adverse credit history (even CCJs - County Court Judgements). Unlike most bank finance, with factoring the finance is based on the strength of your debtors and your invoices rather than the financial strength of your directors or your business. Even if you have a poor credit history you may...

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    Benefits Of Supply Chain Finance

    The principle benefit of arranging a supply chain finance facility for all your suppliers is that it enables your business to take a credit period from your suppliers, whilst they all get prepayments, from the supply chain finance company against their invoices. The finance is provided at preferential rates to your suppliers based on the strength of your business....

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    Export Factoring

    Export factoring can help you fund your exports abroad, collect outstanding, unpaid invoices to overseas buyers and protect against bad debts (if required). ...

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    Supply Chain Finance

    FundInvoice can also help large organisations, such as supermarkets, with numerous suppliers, find supply chain finance. This is where invoice finance facilities are offered to a large organisation's suppliers in order to allow them access to funding at preferential rates on the strength of the large organisation. This type of supplier finance arrangement can improve the cash flow of all parties...

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    How To Get Out Of A Factoring Contract

    This article describes 10 steps to get out of a factoring contract: Get Out Of Factoring Article. I put the link up as I have noticed a few people searching for help on this, despite most factoring users being happy....

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    Invoice Finance Against RPO Pay As Paid Contracts

    Invoice finance against recruitment invoices to RPOs, with "pay as paid" clauses in the contract, may be available from our funding partners, in some cases. I came across the following article in the Recruiter: http://www.recruiter.co.uk/archive/part-28/-Pay-when-paid--hits-invoice-discounting/ which describes the issue of "pay as paid" contracts with RPOs. The article highlights the problem that...

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    Invoice Finance For Non-Homeowners

    There has been a rise in the number of invoice finance companies refusing to finance businesses where the directors are not homeowners. We have just come across such a lead and fortunately there are alternative invoice finance companies that do not require borrowers to be homeowners. If you are not a home owner and you want an invoice finance facility speak to Sean on: 03330 113622...

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    Factoring Recruitment RPOs

    Recruitment businesses have always been prime candidates to use factoring. However, in recent times there has been a rise in the number of recruitment deals that involve RPOs. These are large recruitment purchasing organisations that then outsource the supply of temporary recruitment staff to smaller organisations. One issue that the involvement of RPOs can cause is the creation of problems for...

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    Zero Effort Invoice Finance Cost Savings

    Do you want to save money on your invoice finance costs but don't have time to look around the market for quotes? FundInvoice offer a service that won't take you more than a few minutes to use. All they need are a few details of your current facility costs, the percentage that you want to save on those costs and they will do the rest for you - and they won't charge you to use their service. Call...

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    Factoring Insurance Company Invoices For Car Crash Repairs

    The benefit of factoring car crash invoices raised to insurance companies is that it provides a very secure invoice for the factoring company as they are confirmed as payable by the car insurance company that are liable for the repair. This means that a car body shop can potentially access up to 100% (less charges) funding against those invoices. Hence bodyshop factoring can be an ideal way of...

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    Factoring For Bodyshop Car Crash Repairs

    FundInvoice have just put up some info about factoring for bodyshops that deal with car crash repairs. If these are paid for by car insurance companies the invoices can be factored in order to release money against outstanding sales invoices - up to 100% funded (less charges):Factoring Bodyshop Car Crash Repairs...

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    Confidential Factoring Launched

    Another of our funding partners have just announces the launch of a Confidential Factoring service. Confidential factoring gives the client the benefits of an outsourced credit control service but all the unpaid invoices collection activity is carried out by the factor, in the name of their client. That way the client's customers are unaware of the factoring companies involvement. Good news as it...

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    Funny Late Payment Excuses Image

    Here's an image showing the funny late payment excuses that I posted a link to yesterday:Funny late payment excuses...

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    Funniest Late Payment Excuses

    Looking for something funny? A little light relief with a selection of the funniest late payment excuses that we have come across:List of the funniest late payment excusesThere is a link on the page for you to send us your own and if they are funny enough we will add them to the list of funny late payment excuses!...

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    Cheap Invoice Finance For Sub 100K Turnover Businesses

    Cheap invoice finance for sub £100K turnover businesses is being offered by one of our funding partners. This links neatly with my comments about how a certain crowdfunder was receiving a lot of comments about how there were not funding options available to sub 100K turnover businesses.Our funding partner is offering a service fee starting from £199 (+ VAT where applicable) per month to...

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    New Article On Business Finance Research Results

    My new article about our business finance research survey regarding the funding of fast growing businesses has been published by Ezine articles. You can read it here:http://ezinearticles.com/?Business-Finance-Market-Research-Results-For-Fast-Growing-Businesses&id=8529743The article details our findings regarding the funding options used by fast growing businesses and the role that invoice...

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    Combination Funding More Adequate Than Single Source For Fast Growth

    Building on our analysis of the responses of high growth businesses about their funding options, I reported previously that 30% used combination funding methods rather than a single source.Correlating the use of combination funding with their ability to raise all the finance that was required, 63% of those using combination funding methods were able to raise all the finance that they needed to...

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    Combination Funding To Reduce Funding Risks

    I was just reading a venture capital article about product/service diversification in order to reduce business risk and it occurred to me that a similar diversification may be being undertaken to mitigate funding risk. Our research amongst fast growing businesses found that 30% were using some form of "combination funding" (see yesterday's post - How Do Fast Growing Businesses Get Funded) and...

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    How Do Fast Growing Businesses Get Funded?

    Source: High Growth Survey 2013 (100 respondents with 20%+ turnover growth pa)....

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    New Article - Online Invoice Finance Quotations

    New article on the site about Online Invoice Finance Quotations.Worth a read before you apply for an online quote as it covers some of the pitfalls that we have come across over the years such as quotes changing, choice overload and customers focusing only on price rather that the other service considerations that they often tend to come across once they have signed up....

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    Interview With Innovation Finance Finished

    Innovation Finance have been kind enough to provide an interview for the next edition of FundingVoice which is due out mid June.The interview centres around our research regarding the problems faced by new startups looking for finance and how Innovation can help with this....

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    Fast Growing Businesses Have More Trouble With Funding Than New Startups

    You would think that if a business is fast growing that would improve its chances of getting the funding it needs but our recent survey found that fast growing businesses had more trouble getting enough funding than new startups!We conducted surveys of 100 fast growth companies (20%+ turnover growth pa) and 100 new startups that had commenced within the last 12 months. Our survey found that...

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    Invoice Finance Users Generally Only Have Cost Issues

    Following on from my previous post, it is interesting to note that the invoice finance users that we surveys generally only had issues with the costing of the facility.It has been suggested by some parties that other issues such as flexibility of funding may have been major points that existing clients would want to address however the actual research results support the hypothesis that the key...

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    Cost Savings To Move Invoice Finance Companies

    Invoice finance "cost savings" were the key requirement that existing invoice finance clients said they needed in order to move invoice finance companies. These results came from FundInvoice's market research survey of 100 existing invoice finance clients across a variety of different invoice finance companies.We asked them "would anything make you move to an alternative invoice finance...

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    FundingVoice Next Edition Taking Shape

    The next edition of FundingVoice magazine is taking shape. I have been contacted by several parties that are interested in contributing material regarding improving business cash flow or getting access to funding.We have some information about confidential invoice discounting pricing and we will also be sharing some of our research findings regarding the funding of business start-ups.if you want...

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    Factoring With An Independent Company To Improve Service Levels

    An example of a factoring client we were able to help who had issues with the bank backed factoring company that they were using. Their concern was that they were spending a lot of time answering queries from the bank owned factoring company. With the growth of their business they were expecting an increase in the number of invoices and hence an increase in the workload involved with dealing with...

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    Invoice Finance Without Personal Guarantees

    Personal guarantees are often an aspect of financing that customers are unhappy with. Many invoice finance companies offer limited guarantees or even warranties rather than giving a PG and you can also get insurance for the risk associated with giving a personal guarantee - however there are some invoice finance companies who will offer facilities without requiring a personal guarantee.You should...

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    FundingVoice Magazine May 2014 Available Online

    Read the latest edition of FundingVoice here: FundingVoice Magazine May 2014...

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    Metro Bank Opens Third New Branch This Year

    Metro Bank, who recently purchased SME Invoice Finance (now Metro SME Finance), have just opened another new banking branch according to Best Advice, the third this year. Its good news that any bank is opening new branches but building the banking network is particularly good news for their invoice finance clients....

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    Invoice Finance TV Advertising From Bibby

    At last I see that one of the independent invoice finance companies have launched a TV advert! Bibby Financial Services have launched their #redcushion advert on Sky and Dave - I think its the first TV advertising since Alex Lawrie and their infamous fish ad?Perhaps this will start to get the message about invoice finance, as an alternative source of finance, out to UK businesses. Our survey of...

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    6 Months Bad Debt Protection For Free

    One of FundInvoice's funding partners is currently offering 6 months bad debt protection free of charge.Bad debt protection (also known as "non recourse") can provide a business with up to 100% protection against bad debts. It works in a similar way to a credit insurance policy but it can be a cheaper option. The bad debt protection provider will research the credit position of your customers for...

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    Avoid CVA (Creditors Voluntary Arrangement) With Factoring

    If you haven't used your outstanding sales invoices to raise finance you could consider factoring and avoid having to go into a CVA (Creditors Voluntary Arrangement).A CVA is an insolvency procedure whereby a company with debt problems enters into an arrangement with its creditors to pay all or some of its debts over a period of time. If you are considering such an arrangement and are considering...

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    Case Study About Selective Spot Factoring Without Tie Ins

    Here is a case study about selective spot factoring without any tie ins so the client can choose which invoices to factor: Selective Spot Factoring Case StudyThe benefits of spot factoring are that the business can choose which invoices they want to get funding against and they are under no obligation to factor all of their invoices. This keeps the cost down and you can choose to finance just a...

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    Need Help Paying VAT Tax To HMRC?

    We have just paid our most recent VAT (Value Added Tax) bill to HMRC - its always painful! Keeping your value added tax up to date requires a business to keep the money it collects from sales VAT (after offsetting any deductible purchase tax) separate, and if you have dipped into that money for cash flow purposes you can end up with serious problems paying your next bill - especially as its often...

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Examples of just a few of our finance partners:

acg
metro bank sme finance
closebrothersinvoicefinance
leumi abl
hitachi
nucleus