May 2014

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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:

skipton
castle
metro bank sme finance
hitachi
inksmoor
nucleus