2018

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    How Invoice Finance Prices & Funding Levels Compare Between Companies

    Before you go ahead with an invoice discounting facility you may want to read our summary of how prices and funding levels compare between different invoice discounting companies.GET A QUOTE FOR INVOICE DISCOUNTINGWe conducted this comparison by seeking quotes for a client, from a number of different providers that offer these types of invoice discounting facilities. The client was of an average...

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    Apologies To Some Invoice Finance Quote Enquiries

    We have to apologise to half a dozen businesses that recently requested invoice finance quotes via our site, and didn't receive an immediate reply. We normally seek to respond within an hour, and we also respond at weekends and during holiday periods (as we did just this past weekend).Unfortunately the issue was a technical one, whereby a change in our web hosting set up seems to have affected a...

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    Need A 100K Business Loan?

    What could you do with a cash injection of £100,000 into your business?That is exaclty the kind of business loans that we have recently secured for clients, and that level of funding is far more available than you might think.You could use that money within your business for almost any purpose that you wish.£100K is a lot of money, and you could put it to good use within your company. Some of...

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    Chasing Invoices Via Social Media

    I noticed an interest in chasing unpaid sales invoices via social media and I thought it would be good to add something about this to our existing comprehensive credit control guide.The first question is whether this is the right channel to use or not?I think the truth is that if you have resorted to using social media such as Twitter, Facebook, LinkedIn or Google+ to chase your invoices, you...

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    The Pros And Cons Of Selective Invoice Finance

    Selective invoice finance (SIF) has a number of pros and cons when compared with a whole turnover (WT) facility.It should be noted that there are many similarities between both SIF and WT, for example, both types of facility deliver cash flow improvements, both have credit control, bad debt protection and confidentialty options.This is an explanation of the key differences....

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    How Business Loans Compare Between Lenders

    I had an interesting request recently, one of my contacts wanted my input regarding how a new business loan company was likely to fit into the marketplace, and what the existing market space was like. It prompted me to jot down a few points about business loans that others might find useful.There does seem to be a growing demand for business loans at present. We have a number in the pipeline...

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    Earn Commission By Introducing Companies Needing Business Finance

    You can earn commission by referring UK companies, that want business finance, to FundInvoice. You can either introduce prospects, or add a link to your site that will do that automatically (see below).Use our contact form to refer a prospect now (don't forget to include your details) - or you can call Sean on 03330 113622, with the details.FundInvoice provides a free, independent quote search...

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    Please Refer A Company To Us

    We would be very grateful if you would refer a company to us to get them a business finance quote. As a reward, we would like to give you a free bottle of champagne, for every UK based referral that you make over the next three months, that successfully becomes a client (if you are under 18 - yes anyone can refer to us - or not a champagne drinker, we will happily substitute a gift card of equal...

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    Construction Simple From Bibby Financial Services

    Bibby Financial Services have launched their new construction sector finance product called "Construction Simple".This product delivers specialist finance for small and medium sized construction sector companies, that want to improve their cash flow. It works by freeing up 70% of the cash that is tied up in your unpaid sales invoices, or uncertified applications for payment.Construction Simple...

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    Good Start To 2018 For FundInvoice Business Finance Enquiries

    FundInvoice have had a good start to 2018, with a increasing the number of incoming enquiries for business finance having been received. The numbers are both up on the same time last year, and also up on the end of last year.GET A QUOTE FOR BUSINESS FINANCEAs ever, we have seen a wide variety of different client situations that need support, such as:We have published some key materials recently,...

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    Court Of Appeal Ruling On Ban Of Assignment

    A ruling has apparently just come from the UK Court of Appeal according to Out-Law.com (we can't give legal advice so you need to seek independent legal advice before acting on this).The court apparently upheld an earlier ruling that means that funders can be more confident in financing receivables where there is a ban on assignment in the terms of the client's customer."Ban on assignment" is a...

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    MarketInvoice Partners With Euler Hermes Credit Insurance

    MarketInvoice have partnered with Euler Hermes, the global trade credit insurance company, to deliver credit insurance policies to their customers.MarketInvoice were established in 2011 and according to the latest update on their website, they have funded almost £1.9 billion of invoices in the UK. They offer both a selective invoice finance solution, a confidential invoice discounting option...

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    Comparison of Invoice Discounting Funding Percentages

    If you are looking to use invoice discounting you may want to find a provider that will be flexible and release the maximum percentage of your unpaid sales receivables. As with all aspects of the facility structure e.g. pricing, premiums for debtor protection, discount charge and facility limits, there are differences between providers, and what they will quote when it comes to funding levels.My...

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    Protected Invoice Discounting Prices

    Protected invoice discounting (PID), is where the discounter includes bad debt protection (also known as non recourse), in addition to the provision of funding against your unpaid sales invoices. This is still a confidential invoice financing product, but with the addition of debtor protection to protect against bad debts.We looked specifically at how the cost of that added protection compared...

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    Bibby Have Offered Additional Support To Companies Hit By The Carillion Collapse

    Bibby Financial Services, who offer specialist funding to the construction sector (in addition to funding other sectors), are offering a number of measures to support companies hit by the collapse of Carillion, the UK's second largest construction sector business.The package of measures from Bibby, for companies within the sector, includes:The need for this kind of protection has been made all...

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    41% Cost Saving On Invoice Finance

    You may be forgiven for thinking that any existing users of invoice finance will have moved providers, and will be benefiting from the lowest prices that are on the market, but that is clearly not the case. This was highlighted in the case of a prospect that we assisted over the last few weeks.They spoke to us regarding an existing invoice financing facility, that was being provided by a bank...

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    FundInvoice Exceeds 10 Million Funding Target

    We are pleased to announce that the team at FundInvoice have exceeded our £10M funding target, and arranged £10.75 million of lending for clients.The facilites are spread across a large number of individual corporate clients, and we have dealt with the full range different size clients.Many facilities have been for small businesses, some have been as small as £15K, including a number that we...

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    Pulse On Protecting Against Carillion Bad Debts

    I had an email from Pulse Cashflow Finance, one of our funding panel, that I thought raised a great point about the recent failure of Carillion. Their clients will not be suffering any bad debts.They have included "bad debt protection" for all of their clients, including those operating within the construction sector, meaning that their clients are protected from taking a bad debt.OK, so it was...

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    Service Charge & Discount Charge Differences Between Invoice Discounting Companies

    I recently reported the 86% differential between the cheapest and most expensive quotes that we received for a particular client situation. This difference was based on a comparison of the anticipated charges that might be levied by different invoice discounting companies.I thought it might be interesting to look in a bit more depth at the components of those costings, and how they vary between...

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    Amicus Commercial Finance Rebrands As Investec Capital Solutions

    In the second rebranding within the invoice finance sector this week, Amicus Commercial Finance has rebranded as Investec Capital Solutions, with effect from 25th January 2018.Amicus was launched in 2015, and was acquired by Investec Bank plc on the 6th December 2017, hence the rebranding to complete their integration into the banking group.Their email to their introducers confirms that despite...

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    97% Business Finance Approval Rate

    FundInvoice have a strong record in terms of being able to find business finance for companies.We have just checked our records and we found that to date, we have a 97% business finance approval rate.That means that of every 100 prospects that we have dealt with, we have been able to find business finance for 97 or them, with only 3 being cases that we cannot help. This could have been for...

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    Invoice Discounting Minimum Monthly Fees Charges Compared

    I was asked to clarify if minimum annual fees are still charged monthly, and how many providers offer a flat fee structure (as opposed to charging a percentage of turnover). The answer is that most providers have moved away from quoting a minimum annual fee, towards quoting minimum monthly fees. The effect is the same, but I guess the number presented to a prospective client seems much smaller...

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    41% Cost Saving On Recourse Factoring

    One of the things that we pride ourselves on is keeping up to date with pricing around the factoring market, so that we can find the best rates for our clients.In a recent example we were able to find a c. 41% projected cost saving for a prospect, on the fees that they were already paying - this equates to a substantial annual cost saving for the company.This particular example involved a company...

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    Factor 21 Changes Name To Advantedge Commercial Finance

    The established, independent invoice finance company Factor 21 has changed its name to Advantedge Commercial Finance, with effect from 22nd January 2018. The name appears an interesting combination of the words “advantage” and “edge”.We understand that only the name and the look has changed, apparently everything else remains the same.The company has been established since 2001 and...

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    Funding Differences Between Invoice Discounting Companies

    Our recent search for quotes from across the market on behalf of an invoice discounting client has also identified differences between the funding approaches of different invoice discounting companies.Based on the quotes provided for a client, we set out to compare the funding levels offered by different invoice discounting companies that we spoke to. The two areas of comparison that we focused...

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    CID Pricing Can Vary By Salesperson

    We have just seen a good example of how CID pricing can vary by saleperson (confidential invoice discounting), within a single organisation.This example also demonstrates how difficult it is for clients to keep abreast of the best rates on the market, even if they have a reasonable understanding of the various providers and what has been on offer historically.We recently checked some prices for...

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    Education Finance From Nucleus Commercial Finance

    I recently had the opportunity to interview Phillip Speed of Nucleus Commercial Finance, about their Education finance product.The market for further and higher education is apparently worth a huge £2.5 billion, and there have been big developments in aspects of the education sector, such as apprenticeships.In response to this, Nucleus Commercial Finance have launched their education finance...

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    Carillion Liquidation Help For Contractors

    With the liquidation of Carillion many contractors that supplied the countries 2nd largest construction company will be looking to understand what help they can access as a result of the money that they are owed by this construction giant.The good news is that many companies have pledged support. Some of the major banks have offered up support funds, many alternative finance companies have...

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    Comparison Of Quotes for Confidential Invoice Discounting - 86% Difference

    This is a comparison of the confidential invoice discounting quotes that we checked for a company recently. Also known as CID, this kind of facility provides funding but allows the prospect to retain control of their own credit control function, without their debtors being alerted to the involvement of a third party funder. The business was a straightforward average size proposal, but of the 13...

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    Up To 25% Lower Charges By Taking Out Protected Invoice Discounting

    Interested in saving up to 25% on your invoice discounting charges?Some factoring companies will actually lower the service charge element of a factoring quote if you agree to take bad debt protection, as an optional extra.A few well known providers recently quoted for a potential client and told us that they would be able to reduce the administration charge (often referred to as service...

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Examples of just a few of our finance partners:

catalyst
ultimate finance group
ifg
bibby
pulse cashflow finance
marketinvoice