2017

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    1% Over Base Rate For 12 Months

    We have a new special offer for our clients - a very low discount charge (which is the equivalent of interest when referring to receivables financing facilities).The offer is an invoice finance discount charge of 1% over base rate (base currently being 0.5% at the time of writing), for the first 12 months from taking out a new facility.The offer is being made by just one of the invoice finance...

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    Merry Christmas 2017 From FundInvoice

    We have a new special offer for our clients - a very low discount charge (which is the equivalent of interest when referring to receivables financing facilities).The offer is an invoice finance discount charge of 1% over base rate (base currently being 0.5% at the time of writing), for the first 12 months from taking out a new facility.The offer is being made by just one of the invoice finance...

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    FundInvoice Are Finalists For Invoice Finance Broker Of The Year 2018

    For the 4th year running FundInvoice have been confirmed as finalists in the Business Moneyfacts Awards. We have just received notification that we are finalists in the category for Invoice Finance Broker of the Year 2018.We would appreciate you submitting a testimonial for FundInvoice to be nominated as winners if you have dealt with us in any capacity. The judgeing process is all about the...

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    ABN AMRO Commercial Finance Merger Details

    ABN AMRO Commercial Finance have just announced their intention to merge their commercial finance and their leasing businesses to form one company.Upon approval, the legal merger of the commercial finance and leasing businesses will take effect on 1st January 2018. The name of the combined legal entity will be "ABN AMRO Asset Based Finance N.V. UK Branch", wholly owned by ABN AMRO Bank N.V.They...

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    Investec Bank Plc Acquired Amicus Commercial Finance

    It has just been announced that on the 6th December 2017, Amicus Commercial Finance was acquired by Investec Bank Plc. The details of the deal were explained in an email to their introducers and contacts.Apparently the Amicus Commercial Finance brand will be retained for the next few months, and the contact details for Amicus will remain the same. Thereafter, it the business will be integrated...

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    IGF Have GBP30m New Funding Line From The British Business Bank

    Hot off the press, we hear that IGF (Independent Growth Finance) have a new £30 million funding line from British Business Investments, which is part of the British Business Bank.The British Business Bank, which has it's headquarters in Sheffield, is a development bank that is wholly owned by the UK Government. It was originally announced, back in September 2012, with the objective of increasing...

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    Business Finance For Startups

    I thought I would conduct a small piece of research to find out how easy is it for a new startup to find its way to business finance brokers such as ourselves, that can help with invoice finance products.I used the situation of a company that is highly suited to using some form of cash flow funding - although they may not know the name of the product that they are looking for. The result was that...

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    Need Help Chasing Invoices?

    Do you need help chasing your unpaid sales invoices? Our focus is often on sourcing finance for our customers, but in some cases it is a credit control service that they need, and we have plenty of options available.We have a number of providers that can offer these types of services, and using them can both speed up your debt turn, get your invoices paid and remove the need to employ your own...

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    Facts About Invoice Finance For Recruitment

    I think we should be talking up invoice finance, not running it down. 98% of existing users told our independent poll that they would recommend the service to other businesses, and the volume of complaints to the ABFA (now part of UK Finance) has been tiny, 0.15% of clients each year, as a proportion to the number of businesses using this type of finance.I saw a post by one of the specialists...

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    5 Facts About Invoice Finance

    These are 5 Facts About Invoice Finance for businesses that you should know about it you are an existing user, or if you are looking for a new source of business finance.Please share the above infographic on your blog or website, just cut and paste the following HTML code into your site:450 pixels wide:

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    Help When Declined For Business Finance

    I was looking through some completed deals and it struck me how many had been declined for business finance before they came to us, and how many we were still able to help.In fact, we specialise in being able to help when you have been declined for business finance elsewhere. Often we have been able to assist companies who think that there are no options available to them. It is often a case of...

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    Business Cash Advance Against PDQ Machine Receipts

    If your company takes card payments you could receive an unsecured loan that is repaid as a percentage of your future receipts through your PDQ machine (Process Data Quickly). This product has just been launched by one of our funding panel and is called Business Cash Advance (BCA).This type of cash advance against your PDQ card payments could be made available to:You can use the money that you...

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    Advances Against Government Funding Instalments With Education Finance

    Education finance provides advances against your government funding instalments so that you don't have to wait to get paid before you make expenditure. You can use those funds immediately boosting your working capital position and ironing out the lumpy nature of cash flow in the education sector.Waiting for the Government to pay your funding instalments can cause cash flow pressures for...

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    Paper Free Business (Almost)

    At FundInvoice we are operating an (almost) paperless business model.I just completed my filing, everything that had built up over the last couple of years! It occurred to me that 90% of it is personal, bills, letters etc. and very little relates to FundInvoice. If fact we are operating an almost paperless business model. All our invoicing is email based, as are our written communication with...

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    Subscribe For Our Latest Invoice Finance Newsletter

    I have just emailed the October 2017 edition of FundingVoice magazine to our database of over 6,500 subscribers. However, I am always running behind in getting these onto our website. We publish it every month but I have only just put the July 2017 edition live on our site.It has details of any invoice finance offers, other business finance offers, cash flow and credit control advice. Sometimes...

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    Free Confidential Advice About Business Problems

    If you are having business problems, you might feel that you would benefit from a free discussion, with an expert, in confidence. You could benefit from free advice from external parties that may be able to help.There maybe a variety of different business problems that you are experiencing, but some of the common ones may be a lack of sales, poor cash flow or potential insolvency. In each...

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    Online Factoring Calculator To Work Out Cost Savings

    We have an online factoring calculator, which is an Exel spreadsheet, that allows you to work out the cost savings of using factoring over handling your own functions, such as credit control.The online factoring calculator allows you to quantify cost savings in the following way. You enter the cost of your factoring facility. This will be the service charge and discount charge. The calculator...

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    Payroll Services For Recruitment

    Running your own payroll can be time-consuming so many businesses prefer to use a payroll services company in order to undertake all aspects of the function on their behalf, and so use a payroll services company.Many of the invoice finance and factoring companies provide payroll services in addition to their financing services. Even if you don’t want to have the benefit of any finance, you can...

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    Funding Exports To The Former Soviet Bloc

    Another example of the diverse range of customer issues that we are able to solve. We were contacted by an exporter that has two debtors based in a former Soviet bloc country.  He was looking for finance against his sales to these debtors and had not had any success finding a funding company that could assist with prepayments against his invoices.We spoke to a number of our funding partners and...

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    How To Solve Cash Flow Problems

    If you are looking for a solution as to how to solve cash flow problems for your company, there is a simple solution in the form of invoice finance.Cash flow problems occur when the income of a business is too low for not received quick enough in order to settle its expenses. There can be a multitude of causes which can include:The solution depends somewhat on the cause of the situation. If a...

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    Examples Where We Helped Companies Declined For Business Finance

    Yesterday, I posted about how we often help companies that have been declined for business Finance. These are a few examples of deals where we have been able to help in circumstances where the clients have not been able to secure the required business finance on their own.These are a few examples of the situations that we have been able to help with, each one has a link to the case study that...

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    We Can Help With Difficult Cases Where You Have Been Declined For Finance

    We are able to help you find business finance even in difficult circumstances where you have been previously declined for finance. In fact, we specialise in helping businesses that have been unable to secure the finance that they need through other means.Some of the difficult cases that we have helped in the past include:Read some case studies with examples of where we have helped clients in...

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    Trade Finance For UK Purchases

    Trade finance is often presumed to be a service solely for importers, it is often referred to as "import finance". However it can also be used to help you purchase goods from suppliers who are based in the UK. A better name is perhaps "purchase order finance". It is not exclusively for imports - any UK purchases have the potential to be funded and you can discuss your particular requirements with...

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    Independent Invoice Finance Brokers

    I was curious to read a recent stream of debate on LinkedIn about the "independence" of group of asset finance brokers that had a 48% stake in their business acquired by one of the lenders that they deal with.The debate has centred around whether or not that affects their right to say they offer an independent brokerage service. Looking at it objectively unless there is some underlying condition...

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    Compare Invoice Finance Prices With Other Forms Of Funding

    If you are looking to raise funding for your business, price is likely to be one of your key concerns.CHECK OUR FINANCE PRICESSimilarly though, if you are already using any form of business finance a cost saving can come in very handy. We make it our business to save companies money on existing funding costs or quotes that they have received for new lending. Let us see how much we can save you by...

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    Using Invoice Finance As Acquisition Finance

    Acquisition finance can be required if you are acquiring a business, in order to pay the purchase price.The acquisition may be structured in a number of different ways. The whole of the business may be acquired e.g. by purchasing the shares of an existing company, which effectively means that the buyer acquires all the assets and the liabilities of the target company. Alternatively, the buyer may...

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    Marketing Ideas To Grow Your Business

    This post follows on from yesterday's post about Growing The Success Of Your Business, I have noted below a few more marketing ideas to grow your business that you might find helpful. None of them are rocket science - in most cases it's just a case of putting in some effort, but in the right direction. So many businesses use a scatter gun approach to marketing which can waste your resources and...

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    Growing The Success Of Your Business

    As a business owner the growing success of your business is likley to be something that you focus a lot of your time on - but you may also be on the look out for new ideas about how to achieve that. Below we have put together a few suggestions that might help you if you are trying to grow your business. They are not meant to be comprehensive but it will hopefully offer a few ideas that you might...

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    Debtor Backed Loan With No Trust Account

    If you are looking to get out of factoring you might be interested in an option that presents a halfway house solution. This particular product offering is what could be described as a debtor backed loan.It is early days with the provider, we are in the process of agreeing terms, but is an interesting product that could be very attractive to businesses that are concerned about having funds paid...

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    10 Top Tips For The Apprentice Candidates

    The 2017 season of The Apprentice has barely started, and two episodes in the normal mistakes are being made whilst we sit screaming at the TV for someone to do what seems completely obvious. Just for fun we have come up with our top 10 tips for The Apprentice candidates, to help them avoid the same pitfalls they seem to fall into time, and time again. Many of them are also good advice for anyone...

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    Finance Against Fee Notes For Accountants

    There is a specialist niche form of finance available to accountants who raise fee notes as they undertake work for their accountancy clients. These notes are not invoices, they are just a record of work that has been undertaken. However, funding can still be accessed against them.Finance can be provided against your "fee notes", raised to keep track of the work that you are doing for your...

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    Liquidation Of An Electrical Contractor & How To Avoid Similar Problems

    An article popped up in my newsfeed about the liquidation of a Hull based electrical contractor that had been long established - it's always sad to hear of a long standing businesses failing. A few of the circumstances that lead to the liquidation stood out to me, as potentially soluble, which I thought worthy of comment, perhaps as advice to others in a similar situation.The article said that...

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    Fed Up With Your Bank Owned Factoring Company?

    We had an enquiry recently from a company that were already using a factoring service from a bank owned factoring company. They were so fed up the lack of service and the lack of funding that they were considering leaving altogether, and wanted an alternative form of finance.To illustrate how bad the situation was, they mentioned a large schedule of debt that they had just submitted to their...

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    How To Increase Your Buying Power

    If you are in a position where you could accept more orders if you were able to buy more goods, you may want to know how to increase your buying power. We have a solution called trade finance, a financial service that allows you to buy goods by bridging the cash flow gap between paying your supplier and receiving payment from your customers.You may even be able to negotiate pricing discounts with...

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    Factoring & Commercial Finance Booms In The EU

    Factoring and commercial finance volumes are booming in the European Union.A press release from the ABFA (Asset Based Finance Association - 15/05/17) references figures from he EU Federation For The Factoring & Commercial Finance Industry (EUF) which showed that factoring and commercial finance volumes, in the EU, grey by 6.2% in 2016 to over 1.5 trillion Euros, a huge number that outpaces the...

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    Cheap Invoice Finance Offer

    Our funding partners often come up with invoice finance offers and discounts to try and attract new clients. We have had one offering from one or our partners who is willing to offer a pricing discount to just a handful of new customers each month, in order to help get them across the line and onto their book as clients.This offer hasn't been added to our list at this time as we have only just...

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    The Benefits Of Construction Finance

    If you are a contractor or sub-contractor, providing services to a main contractor within the construction sector, you may have experienced the ongoing cash flow pressures that can come from projects within the sector. Upfront labour and materials costs often need to be paid in advance, before you get paid for the job. Additionally you can have the normal ongoing, day-to-day business costs to...

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    Is Anyone Developing Blockchain Invoice Finance?

    If you are an invoice financer that has considered using blockchain / cryptocurrency please let me know.I am interested to know if any of the existing factoring and invoice discounting companies are either developing a cryptocurrency, blockchain invoice finance offering or have looked into using cryptocurrencies. So even if you decided not to go ahead, and discounted the option for some reason I...

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    Using Invoice Finance To Fund Growth

    UK businesses seem to be experiencing some growth and this is likely to create cash flow pressures that can be alleviated by using invoice finance to fund business growth.Recent results from the Bibby Financial Services Global Business Monitor survey showed that 49% of the businesses surveyed had grown their turnover during the last 12 months and 55% were expecting to grow over the next 12...

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    Nucleus Commercial Finance Lowers Unsecured Loan Rates

    Business loan rates from just 7%.We have just been advised that Nucleus Commercial Finance have lowered their unsecured business loan rates. Their interest rates now start from a 7% flat rate, to borrow up to £100K with no additional security, just a personal guarantee.The loan rate is determined according to the credit status of your company, and the term of the loan that you require. The...

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    Selective Invoice Finance For New Starts - No Minimums

    Selective invoice finance for new starts can be the most flexible option when you first launch you new start businesses. When you launch your new start you are always going to be uncertain that it will take off and that you will achieve the level of turnover that you hope for, but you may still want the benefit of funding against your invoices before they are paid, to improve your cash flow....

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    Top Review For FundInvoice Invoice Finance Brokerage From IT Procurement Specialists

    Another great review from another client who appreciated the impartial nature of the invoice finance brokerage service that we offer.The FundInvoice invoice finance brokerage service was recently used by an firm of IT procurement specialists who gave us the top, 5 star rating and had this to say about our service:"Many thanks to Sean for all his help in setting up our invoice finance agreement....

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    MarketInvoice Select Fixed Term Contract

    MarketInvoice, the peer-to-peer finance platform has launched another development to its growing portfolio of invoice discounting products.MarketInvoice SELECT offers customers the ability to pick and choose invoices to receive funding against, but there is a new fixed term deal, whereby customers have the option to have a fixed monthly fee, rather than a percentage charge of the invoices funded....

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    Very Low Level Of Complaints About Invoice Finance

    This is an update on the very low level of complaints registered with the ABFA. These statistics include products such as invoice finance, factoring and invoice discounting.The ABFA (Asset Based Finance Association) recently became part of UK Finance. There is a process of integration to be undertaken, but in the meantime the ABFA complaints process (the ABFA Standards Framework) remains...

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    Can Anyone Explain The Benefits Of Cryptocurrency Invoice Finance?

    Can anyone explain the benefits, to an average SME, of using blockchain cryptocurrency invoice finance?The important distinction here is the benefits to the SME using the facility, rather than the investors backing the service and the benefits of cryptocurrency over and above the normal benefits of using invoice finance - with which we are acutely familiar as invoice finance brokers.I have...

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    Solving A Pay When Paid Concentration Limit Problem On Hays Recruitment

    Another success story regarding a client that we were able to help overcome an invoice finance funding restriction.We have seen many issues with debtor concentrations, within the recruitment sector, that can be relaxed by comparing the funding levels between different providers. We had a case where a client needed help with the concentration limit on Hays Recruitment, with whom they wanted to...

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    Is It A Good Time To Enter The Recruitment Business?

    Is it a good time to enter the recruitment business? We can't make the decision for you but here are a few facts and figures that might help you in making your decision about starting a temporary staff agency.OK, so the level of economic growth predicted for the UK has just been slightly adjusted down, however the economy is still predicted to grow - which means more production, hence more...

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    Late Payments Expected In The Construction Sector

    Construction companies are bracing themselves for a wave of late payments, as a result of the uncertainty around Brexit and the UK economy.Our recent late payment study found that the construction sector was one of the industry segments expecting to be worst hit as a result of Brexit (Britain leaving the European Union in March 2019). The extended timescale with the proposed exit is an issue in...

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    Tungsten Network Finance - Should The Invoice Finance Sector Watch Out?

    I was intrigued to read Motley Fool's post (15/08/17) about Tungsten Corporation PLC (and their recently launched invoice financing service), which said it was firmly on their list of stocks to avoid. I had heard about the Tungsten Network Early Payment product in the recent past as they had added this invoice financing option onto their supplier payment system. This, on the face of it, sounds...

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    Asset Cash Release - Up to 120% Funding

    Top up finance with an advance rate of up to 120% of your sale ledger?We have just had notification from one of our of our panel of invoice finance companies that they can now offer total ABL funding of up to 120% of the value of your sales ledger.They have just launched Asset Cash Release, and ABL (asset based lending) solution which can top up the amount of finance that customers can access....

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    Populous Invoice Finance Using Blockchain Cryptocurrency

    A new invoice finance company called Populous has just raised money to pilot its invoice finance platform that uses Blockchain cryptocurrency in support of an invoice financing model, according to an article in Pymnts.com.I read the 21 page white paper on the Populous site, with some interest, to understand what the benefits might be.In essence there seem to be 3 key points to draw from this...

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    PNB Paribas Moves Into Invoice Financing - Again?

    I have just read an article in Finextra, dated just 2 hours ago, titled "BNP Paribas Moves Into Invoice Financing". It made me think for a moment, because I was sure that they were already active in the invoice finance arena - and sure enough they are on our list of invoice finance companies. The article goes on to talk about the launch of their new system, FINSY, a digital solution to allow...

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    The Benefits Of Using A Trade Finance Broker

    We have just seen a real example of the benefits of using a trade finance broker, in action.We had a trade finance enquiry recently, from a company that were looking for a trade finance facility in order to fund imports to the UK.Initially, the company used one of the direct contact forms on our site, to request a quote direct from one of our panel of trade finance companies. So by using this...

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    Another 5 Star Review For FundInvoice

    FundInvoice has just received another 5 star review from a customer that we helped find a factoring facility last year. Good news because it shows that they are still happy with what we found for them.This was the comment that was left about FundInvoice, in addition to rating our service with 5 stars, the maximum possible:"Sean was very helpful when we were looking to move our factoring...

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    Selective Invoice Finance Price

    This is an example of a selective invoice finance price that we found for a customer recently.With this particular client, they already had a recourse factoring facility, but they wanted to take over handling the collections (credit control) themselves. Some companies prefer to handle the credit control themselves, others choose to outsource the function.They also only had a very small borrowing...

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    Credit Control Agency

    One of the credit control agencies that we work with have been able to provide some first class credit control support to one of our clients, who needed help getting their unpaid invoices collected in. The agency took over the collection of the invoices from customers and they have improved the speed with with they are paid, reducing our client's debt turn. So they have a good track record of...

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    Lender Of Last Resort

    Is being called a "lender of last resort" such a bad thing?The term could be defined as a financier that is called upon only when the borrower can't get finance anywhere else. Often they are considered the last resort because either the terms are onerous or the price is higher than the norm.Back when I was working for factoring companies in the 80s and early 90s, there was a definite aversion to...

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    DueCourse In Administration

    DueCourse Limited  have apparently gone into Administration. according to FinExtra the invoice financing fintech platform raised £6.5 million of funding, but have since gone into Administration.A quick search at Companies House reveals that the company DueCourse Ltd, registration number 09205274 went into administration on 14 July 2017.The company filed accounts to September 2016 that showed a...

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    Bundled Fee For Textiles Business

    Curious situation with a client at the moment.The client is a textiles importer and we have found them an invoice finance facility with one of the leading invoice financing companies, to deliver much needed cash flow. They are also very keen on achieving the best rates available.They wanted a single fee structure, often referred to as a "bundled fee" within the industry. Normally the charges are...

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    Construction Financing For Contractors

    We are trying to raise awareness of construction financing for contractors which is a little known form of finance available to UK subcontractors in the construction sector. Any help you can give us by sharing our post about this is much appreciated.We researched the need for this type of gap funding. Three quarters of sub-contractors that we polled that raised applications for payment, 85% of...

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    Recruitment RPO Narrow Profit Margins

    We help find recruitment invoice finance for a lot of UK companies within the recruitment sector, so we are very familiar with the issues that they can face when dealing with RPOs, not least of which is how to source services such as finance when they have very narrow profit margins, that are being continually squeezed.When I worked at Barclays, in their factoring division, we never came across...

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    Compare A Loan With Factoring

    The number of finance businesses that just send out their email marketing to all and sundry, without any opt in is staggering. It is not just small businesses, we get inundated with multiple email communications, to every email address, from but high profile names that you will be very familiar with - and that should know better than to send unsolicited emails.I have just had another email from...

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    Half Price Bad Debt Protection

    I have seen several speculative articles recently suggesting that the economy may be heading for a further downtown. Whether this is the case or not, time will tell.Bad debt protection is something that you might want to think about when you have any concerns over whether your customers will continue to be able to pay you, particularly if trading conditions do get tougher. One of our funding...

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    MarketInvoice Pro Now Handles Euros & US Dollars

    MarketInvoice PRO, the new whole turnover invoice finance offering from Europe's largest peer-to-peer invoice finance platform, was lauched in February 2017. It has already been upgraded to be able to handle currency invoices in addition to invoices in Sterling (GBP).MarketInvoice PRO is now able to handle the following currency invoices:Making it even more flexible.If you would like more...

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    Increase Overdraft

    "Please increase overdraft" - it sounds like a desperate plea to your bank manager!Many UK businesses use this kind of traditional bank finance, our high growth business research found fast growth businesses relying on loans (43%) and overdrafts (31%). We also found that 44% of startups that used loans or overdraft told us that they had less funding than they needed for their business.The...

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    5 Secrets About Getting Construction Finance

    The construction sector has been notoriously difficult to finance due to the the many issues that tend to come as part and parcel of working within the sector. These are problems such as stage payments, raising applications for payment instead of invoices, having complicated contracts with main contractors, to mention but a few.There are a number of financiers that are specialists in funding the...

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    Engineering Consultants One-Off Spot Factoring

    If you just need funding for a single order, or for a single batch of invoices, you can get spot factoring for just that, on a one-off basis.We recently helped an firm of engineering consultants get one off spot factoring. The company had been able to finance their own cash flow, but they had the opportunity to take on a large order from a customer. There would not have been able to fund this...

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    5 Tips If You Only Have One Customer

    Most businesses start with one customer, however remaining reliant on just one customer can have serious consequences, which I detailed in my recent blog post "Help with invoice finance prime debtor problems". Whilst the problem is particularly problematic if you are using factoring or invoice discounting, the risks to your business also apply if you don't use this type of funding.The...

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    Medical Reports Invoice Finance With Extended Recourse Periods

    A sector that should be ideally suited to the use of invoice finance to improve cash flow is the medical reports production associated with litigation cases. For example these could be medical reports in support of road traffic accident disputes, personal injury claims or medical negligence claims. Whilst few invoice finance companies will handle this sector, we can provide access to those that...

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    Corporate Rescue Alternative To Insolvency

    If you are searching for help with corporate rescue you might be interested in an alternative option to raise money, that does not involve insolvency.If your business is being overwhelmed with debt that you owe, you may have been considering options like speaking to an insolvency practitioner about various forms of insolvency such as Administration, receivership, Creditors Voluntary Arrangements...

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    Testimonial As Invoice Finance Stops Recruiter Closing Down Business

    Its always nice when we get testimonials, this was one that we received regarding a client, a recruiter, who said that our assistance stopped them closing down their business.Recruitment finance is one of the areas that we tend to specialise in, as the number of staff agencies using invoice finance is approximately 20 times the national average.This was the comment given by one of the Directors...

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    Help With Invoice Finance Prime Debtor Problems

    If you have one single customer, or perhaps just a handful of customers, it can cause you problems with your invoice finance facility.Some factoring companies like to restrict funding in respect of prime debtors (the biggest customer balances on your sales ledger). This can lead to all sorts of cash flow problems for the client. We have helped with many situations where a prime debtor restriction...

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    Factoring Clients Change Invoice Finance Companies More Often

    The majority of invoice financing users are happy with their current provider, we found that 98% were prepared to recommend their existing provider, which speaks volumes to the general level of satisfaction amongst companies already using these working capital enhancing products.However, there are always a few clients that want to change invoice finance companies, often they are looking to...

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    Selective Invoice Finance Fast

    This is an example of just how we can get selective invoice finance fast for a client - we can ensure a fast turnaround for you if you need help quickly.In this particular case we were contacted by a car repair body shop that was looking for a selective invoice finance facility. They contacted us on a Sunday, we introduced one of our funding partners, that specialises in car body repair shops, on...

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    Recruiters Using Invoice Finance Have Less Late Payment Concerns

    Recruiters that use invoice finance have fewer issues with customers paying late.In our study of the attitudes of East Sussex & Kent based recruiters to late payments problems and the use of various finance options, we previously reported that 52% of the recruitment companies that we surveyed told us that they wanted to see late payments by customers improve.Further analysis of the results of our...

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    Business Finance With Bad Credit

    Getting business finance with bad credit whether its your company that has a bad credit history, or you personally, appears to be a concern for a number of businesses.I recently read an article online about how to improve the credit rating of your business, clearly production of the article had been prompted by a need that the authors had identified for companies with bad credit to raise...

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    Finance For Construction Company In CVA

    Finance for a construction company that's in CVA (creditor's voluntary arrangement)? Most financiers would say "no thank you" but we have partners that can help.It's common when a company has financial problems, or a poor credit history, to just assume that you won't be able to raise any finance from anywhere. Everything these days seems to revolve around having a clean credit history, and a...

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    Pre-Invoicing Requires Trade Finance

    Pre-invoicing is normally a "no-no" in the invoice finance arena but in this case we found a way around it for our client.It means is that the supplier is raising their invoice, to their debtor, before they have delivered the goods (or services) to which the invoice relates. The normal course of business would be to raise invoices, in arrears, after delivery of the product or services.Normally,...

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    Solving A Single Debtor Credit Limit Issue For A Construction Sector Company

    We have just been able to help a construction sector company solve a cash flow issue by getting funding against their single debtor. We were able to find them a credit limit that was several times larger than other funders were able to offer.I wrote recently about our success in helping customers with funding limit problems, and this case was a similar example of how we are able to overcome...

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    Do Tech Savvy People Under Value Recruitment Consultants

    Do younger, tech savvy people tend to undervalue the use of recruitment consultants in finding a job?I recently commented on an interesting post on LinkedIn about why the recuitment process often fails to match the right people with the right jobs. Some of the issues that it blamed were over specific job descriptions and impersonal and excessive use of technology to sift through CVs in the...

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    Help If A Factoring Funding Limit Is Removed

    If you have had a factoring funding limit removed or reduced, it can dramatically affect your ability to borrow money against a customer's invoices. However, you should be reassured that not all factoring companies will take the same view on a particular debtor.GET IN TOUCH TO SEE IF WE CAN HELPA funding limit (or credit limit) is set by the factoring company against each debtor. With a recourse...

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    How Recourse Factoring Works

    One of the concerns customers sometimes have about using factoring is the worry that they will have to repay the finance against a particular invoice, if the debtor doesn't pay them. This is because the most common form of invoice finance is what we call "recourse" or "with recourse". This means that if an invoice isn't paid after a set period, you have to repay the funding to the factoring...

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    Tiered Prepayment Charging On Invoice Finance

    Tiered prepayment charging is a new offer from one of our invoice finance partners. It means that you pay less if you use less than the full amount of funding available through your invoice finance facility.Prepayment is the percentage of your approved, unpaid sales invoices that invoice finance makes available for your to draw even though the invoice hasn't been paid.The less prepayment you...

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    How To Get A Business Loan

    We are about to complete on another business loan for a client, the second commercial loan arranged in recent weeks. This one will enable a business acquisition, the previous one was to improve cash flow and enable the purchase of materials for an IT project.REQUEST A CALL ABOUT A LOANBoth loans are sizable lends, circa £100K each. One is over a 5 year term secured by way of a personal guarantee...

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    Factoring Price Reduction For Haulage Company

    This is a great example of a recourse factoring price reduction that we found for a haulage company. A circa 50% cost saving on their existing quote.Factoring services provide a business with both upfront money against unpaid invoices, and help collecting in their payments from customers. It can improve the cash flow of a business as the business no longer needs to wait to get paid by its...

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    Reduce Factoring Service Charge By Two Thirds

    Would you like to reduce your factoring service charge by two thirds? That's the range of quotes that we received in a recent mystery shopper pricing comparison exercise.Whilst overall fees varied by a factor or 2.7 times, service charge quotations varied by a multiple of just over 3 times.That is the scale of difference that we found in the recourse factoring service charge quotes that we...

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    Invoice Finance Job 85K plus Unlimited Bonus

    UPDATE ON THIS POST - RECRUITMENT FOR THIS ROLE HAS BEEN TEMPORARILY SUSPENDEDI have just been asked if I knew anyone that might fit this job in the invoice finance sector - so here are the details in case anyone is interest or knows someone that is looking for a job like this.It's a sales role as the number 2 at a new single invoice finance company, based in North Kent (a sales background is not...

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    Invoice Finance Jobs For Recruitment Agencies Or Job Seekers

    Working with a lot of people within the finance sector, we are often told about jobs that finance companies are seeking to recruit for.We thought it might help to post them onto this blog and add them to our monthly newsletter. So as we come across jobs we will share them here on the blog, and via FundingVoice magazine.You may want to subscibe to our free magazine below if you are:You can...

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    Is Business Loan Demand Increasing?

    Demand for business loans may have increased recently, temporarily outstripping the demand for crowdfunding.Get help finding a business loan.Looking at the trend in Google's search traffic is a good way to measure demand. I have been looking at the volumes of search traffic, in the UK, for the terms "crowdfunding" (CF) and "business loans" (BL). When you look back prior to March 2014, the volume...

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    The Power Of LinkedIn Networking

    I just wanted to share a success story about the power of LinkedIn networking and how it helped a prospect looking for an invoice finance service.Networking is not just about sales, this is an example of how it can work for you creating a sale indirectly. You may have seen that I recently published a blog post about a small seletive invoice finance prospect that we were struggling to find a...

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    Can You Help This Selective Invoice Finance Client?

    Are you a selective invoice finance company that can finance this prospect?We have been contacted by a prospective selective invoice finance client, but we are having difficulty finding an invoice finance company that will help them.If you think you may be able to provide funding to them, please get in touch or call: Sean on: 03330 113622.The key points of the deal, that are proving problematic,...

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    Selective And Whole Turnover Invoice Financing

    Invoice financing can be broken down in many ways, one is into selective invoice financing and whole turnover. Selective means that you choose which invoices you want funded, and whole turnover means that all of them are automatically considered for funding.This infographic show the results from our research to establish the market demand for each approach.As you cans see almost two thirds...

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    Assaulted on the train yesterday

    Yesterday I was kindly invited by Bibby financial services to a charity dinner in London, with Sir Ian Botham and Geoff Miller as guest speakers (which was excellent by the way).On the way back Sean and I caught the train at London Bridge, and due to signal failure the platform was changed, and the train was very overcrowded. So I went past three or four doors before I could see any space to get...

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    The Reasons For Non-Payment In The Construction Sector

    A recent study by Bibby Financial Services identified the reasons for non-payment in the construction sector.On average the survey found that amongst the construction firms surveyed, they wrote off nearly £51K, over the last 3 years, where customers either failed or were unwilling to pay.Of the 250+ construction subcontractors that were interviewed, 27% said that "late payment" was the biggest...

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    CPE Credit Protection Element Refunded Offer

    Another offer for clients from one of our funding partners. If you are looking for bad debt protection (also known as non recourse), you will pay what is called the CPE or Credit Protection Element of your service charge for the bad debt protection.Under the terms of this promotion, our partner is offering to refund the first 6 months CPE charge to new clients, in return for them entering into a...

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    The Pitfalls Of Construction Contracts

    Futher to my recent post "Understanding Construction Contracts" I have been reading an interesting piece of research, from Bibby Financial Services, that reveals just how much of a problem contracts can be to subcontractors within the sector.There were a number of pitfalls of construction contracts that were identified in the survey.In addition to affecting your ability to get paid, contractual...

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    Up To 100% Invoice Finance

    Another special offer from one of our funding partners. They are offering up to 100% of invoice value as a prepayment level for clients using either:- Factoring- Invoice discounting, or- Export factoringThis can be made available to Limited Companies or LLP's that have a good quality sales ledger, low credit note levels and customers that generally pay on time. You will need to be able to...

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    No Service Charge Offer & 25% Off Bad Debt Protection

    One of the key reasons companies come to invoice finance brokers, like FundInvoice, is that we are always aware of the latest invoice finance offers and discounts that are available. We also tend to get exclusive offers from our funding partners.This a good example of two invoice finance offers that have just been given to us on a (semi) exclusive basis, by one of our funding partners:New...

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    Invoice Finance In East Sussex

    If you search for "invoice finance East Sussex" very little local support will be offered by the Internet search engines. FundInvoice are based in St. Leonards-on-Sea, East Sussex (near Hastings), we handle clients in the local area and we also deal with clients from all over the United Kingdom.These days there are very few invoice finance companies actually based in East Sussex. If fact, I could...

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    Education Finance & Education Cash Flow

    There are a few invoice finance companies that are now able to offer Education Finance.It is offered to eductation providers, such that they can receive an advance and secure a line of credit against their funding payments. The funding payments are received from Government, so from the financiers perspective that is a good quality debt against which to provide funding.This kind of funding means...

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Examples of just a few of our finance partners:

inksmoor
funding invoice
pulse cashflow finance
hh cashflow
bibby
ashley