2018

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    10 Ways To Make More Money

    These are 10 simple ways that you can potentially boost your company’s income, and make more money.1) Increase your prices – if you don’t already increase your prices annually, in line with inflation, you could introduce this, or you could make a small price increase in order to cover rising cost.2) Ask your existing customers for more work – this could be in the form of asking for...

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    Accounts Receivable Funding

    The frustration of looking at a large sales ledger of unpaid invoices for sales, whilst having an empty bank account, can be debilitating. Not to mention the problems it causes in paying your creditors, suppliers and staff.When you first make a large sale, the feeling is exhilaration at having closed a deal. However, there can often be significant delays between making a sale, delivering the...

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    Summary Of Our Invoice Finance Pricing Research

    This post pulls together all our research, and information, regarding invoice finance pricing and prices.Our free receivables financing guide describes both how the products work, and also how the pricing is structured. It also sets out minimum costs for full turnover products, which start from c. £3,000 + VAT per annum - selective products (typically costing c. 2% per month) can have a much...

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    Turn Unpaid Invoices Into Cash

    You can turn your unpaid invoices into cash within a couple of days.Get help turning unpaid invoices to cashIt is a simple process, you could receive, for example, 85% of the value of your outstanding sales invoices within the next 48 hours. They don't even need to be due or overdue - you can get money against them as soon as your raise them.Having an outstanding sales ledger of unpaid invoices...

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    Have De Poel Stopped Offering Early Settlement Discounts?

    We had an enquiry recently from a prospect that suggested that de Poel may have stopped offering their early settlement discounts to suppliers. Does anyone know if this is true?It may be that it was specific to this prospect, or a change for future customers but we would be interested to know if it has affected any other recruitment suppliers.Contact us about De Poel early settlement...

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    What You Need To Know About Receivables Financing

    A conversation today with one of our receivables financing companies reminded me of just how much knowledge we have about that marketplace, and how we tend to take a very analytical research based approach to comparing providers (rather than just basing decision on anecdotal evidence).Much of our research you will find on this website, but both myself and my business partner have been involved...

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    Funding For A Manufacturing Company

    There is an established connection between manufacturing companies and the use of invoice finance to improve their cash flow.Looking at the UK finance figures for the asset-based finance industry, to the end of 2017, manufacturers make up 25.8% of their member’s clients.The key reasons why invoice finance works for manufacturers is that within a manufacturing business, there are significant...

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    Have You Had A Letter From RBS Asking You To Move Your Business Elsewhere?

    Have you had a letter from RBS encouraging you to move your business banking elsewhere?I read James Hurley’s article in the Times, “The bank that likes to say goodbye“ (30th of April 2018) with a sense of shock.Apparently, the Royal Bank Of Scotland (RBS) are in the process of writing to 220,000 small companies, that are existing banking customers, asking them “would you kindly consider...

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    Calculating The Cost Of Leaving Invoice Finance Or Factoring

    Calculating the cost of leaving invoice finance depends upon the type of facility that you have, and the nature of the agreement that you have entered into.There are various aspects to calculating the overall cost. Firstly, there may be a termination fee. Secondly there may be additional costs that you will incur by having to undertake certain tasks yourself, that were previously undertaken by...

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    Invoice Finance Enquiries We Have Seen Recently

    The invoice finance enquiries that we have been seeing recently has been typically diverse, factoring through to invoice discounting.There is a balance between people looking for a full turnover option, where all of their transactions are funded and those looking for selective or single invoice finance.In particular, we have seen a number of enquiries on the selective side, for body shop...

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    How Effective Is Using Blockchain To Avoid Invoice Finance Fraud?

    I have seen quite a few articles recently suggesting that blockchain technology can be used to help combat invoice finance fraud. I have written before about the benefits of using blockchain in an invoice finance scenario.The first time I came across this application was an organisation called Populous who are presently are launching what they believe to be the first blockchain based invoice...

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    Factoring For Road Transport Company Cash Flow Problems As Bad Debts Increase

    Coincidently, just after posting my article about transportation factoring companies, I saw an article published online by the Motor Transport publication, suggesting that bad debts have risen significantly within the road transport sector.The article sites figures regarding the road transport sector, released by Credit Safe. This statistics show that in the first quarter of 2018, while sales...

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    Retailageddon - Why Are So Many High Profile Companies In Financial Trouble?

    Can anyone explain why so many high profile companies are having financial problems? Is there cause to worry about economic stability?I first started really paying attention to the spate of emerging problems when Carillion collapsed, the second largest UK construction firm. Watching some of the social media commentators that have an interest in the credit insurance sector. Since then there seem...

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    Transportation Factoring Companies

    Transportation and distribution are key sectors for the use of factoring services. Many companies within those sectors use this form of funding, in order to unlock cash to improve their cash flow.Transport companies accounted for 6.6% of all clients of members of the ABFA (now UK Finance) as at the end of December 2017. Distribution companies accounted for 23.5% of client numbers, at the same...

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    Factoring Examples

    Below I have set out some factoring examples, so that you can see exactly how the product works.GET A FACTORING QUOTEBelow are a variety of examples of situations where factoring can and a fit your business.If you are not currently using the product, any outstanding customer invoices can be immediately turned into cash, boosting the working capital available to your company.A good example of this...

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    Factoring Advantages And Disadvantages

    If you are looking at using factoring as a source of funding for your business, you may be interested to understand the pros and cons.Below I have set out the factoring advantages and disadvantages in simple terms, so that you can make an educated decision.The biggest advantage is the improvement to your company's cash flow. As you raise new invoices to your customers on credit terms, they are...

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    Alternative Finance If Declined By A Bank

    If your company is having difficulty finding business finance through traditional sources i.e. banks, you may want to turn to the alternative finance market, which will provide further options.There are plenty of alternative finance solutions here, we have arrangements in place with a large number of funders that can help in a wide range of circumstances.One option is a business loan from an...

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    Business Loans For New Start-Up Companies

    Business loans can be provided to new start-up companies. There is an appetite for lending to startup companies, whether or not the Directors are homeowners.This may be good news if you are thinking of starting a company and need some capital to get you up and running.It is not the case that all lenders will provide loans to startups. Funding Circle for instance, state in their investors guide,...

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    Make Money By Referring Companies For Business Finance

    You could make some additional money by referring companies to us that need business finance. We get paid a commission on any deals that we successfully place and they take up a facility. We would be happy to split any commission received with you.CONTACT US ABOUT INTRODUCINGThere is lots of information on our website about the kinds of finance that we can find for companies. In broad terms it...

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    Card Payment Advances From Nucleus Commercial Finance

    We have just had some new literature through from Nucleus Commercial Finance regarding their Business Cash Advance product, BCA.We have previously documented their BCA offering, but below are the key details once again.The card payment advance is available to companies that take payments via a card machine. You can borrow up to 120% of your total monthly card payments, up to a maximum of...

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    Solving 5 Problems For Recruiters

    This article sets out 5 common problems that we can solve for a recruitment company.Most recruiters would like to have more time to work on placing candidates or temps. We can help solve this by outsourcing a number of your back office functions for you, freeing up time that you can spend recruiting candidates, or temporary staff, and placing them with customers. After all that is the core...

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    UK Finance 2017 Statistics Indicate High Growth Business Users

    UK Finance, who recently absorbed the industry body formerly known as the ABFA, have just reported on their year-end statistics for 2017, for the invoice finance and asset based lending market amongst their members.It is important to note that not all invoice finance companies are members of the UK Finance industry body, however the figures do represent a large proportion of the UK market.The...

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    Do You Know The Standard Payment Terms Your Customers Can Take?

    Did you know that the standard payment terms in the UK are 30 days from the date of your invoice?Many will not be aware that if you did not specify payment terms within the contract with your customer, there are default standard credit terms that will apply to your invoice. At the current time, those are payment within 30 days of the invoice date. You can check this for yourself on the government...

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    Interest Only Loans For Start-Ups

    Finding finance for new start-up company can be difficult, but there are funders within the market that can help.We have just received notification from Nucleus Commercial Finance, one of our funding panel, that they have launched “Start-Up Finance”, a specialist interest only loan product for new start companies.The new company can borrow between £25,000 and £20 million, secured against...

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    5 Things To Check When Completing Your VAT Return

    As it is coming to the end of the VAT quarter again, I thought I would make a list of the five things that I check regarding each VAT return. The list is not intended to be comprehensive, and we are not providing any accounting advice, rather this is a list of the items that I check.If like us your accountant produces your VAT return, you will still need to check that the figures are...

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    Simple Explanation Of Factoring

    This is a very simple explanation of factoring. For a detailed explanation of the full range of product variations please see our free guide to the different types of factoring.In very simple terms, factoring is a financial service for businesses. It provides two core services, and there are a number of additional optional extra services. The two core services are funding and credit...

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    The Cheapest Invoice Finance Company

    If you are looking for the cheapest invoice finance company, you may be surprised to know that there is no single company that answers this description.The cost of an invoice finance facility depends upon a number of factors, and the cheapest provider for any particular circumstances varies according to those circumstances.We have undertaken extensive research into the pricing of invoice finance...

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    What To Do If A Supplier Puts You On Stop

    What to do if I supplier places you on stop.It is common practice within credit control to place a customer “on stop“ if they have not kept their credit account sufficiently up-to-date.What this means is that the supplier refuses to provide further goods, until the credit account has been paid up to date.This can cause a significant problem for the debtor as they may need further supplies in...

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    Leveraging Target Company Assets To Raise Money For An Acquisition

    We have continued to work with a number of parties who are looking to make acquisitions by leveraging the assets of the target company that they are acquiring. This is a way to raise part or all of the purchase price to pay for the business that is being acquired.This methodology of raising acquisition finance is not widely known, but it can be an excellent way of facilitating the acquisition of...

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    Recruitment Startups Building Up Enough Trade For Receivables Financing

    We have recently spoken to a few new start recruitment companies recently that have taken the approach of waiting to set up their receivables financing arrangements, until they have what they consider to be a sufficient amount of work in the pipeline.This may sound logical, but there are several reasons why it may not serve your best interests as a recruiter.There are a couple of things to...

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    Business Funding For A Discharged Bankrupt Director

    We have expertise in helping companies that have struggled to raise the business funding that they need elsewhere. There can be for many different reasons, but one that we are currently working with is a company where the Director is a discharged bankrupt.Bankruptcy is where an individual cannot pay their debts (they are insolvent) and either they petition a Court to be made bankrupt, or they are...

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    Is Invoice Finance Expensive?

    Is invoice finance expensive?The answer to the question is that it doesn’t have to be. However, if you choose the wrong provider, you could end up paying more than you need to.Our research has shown that overall pricing for, as an example, a factoring facility can vary by 165% from the cheapest quote to the most expensive. We also saw an 86% differential between the top and bottom of the...

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    Funding For A Car Crash Repairer Within 3 Days

    This is a great example of how quickly a car crash repair company can get funding against their invoices.We were contacted at 4:30pm by a car crash repair company that had an invoice for £4,000 that they wanted to receive funding against. The way that this type of car repairer finance works is that they receive 100% of that invoice value, less a fee for the transaction.The actual enquiry was...

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    Short Term Invoice Finance

    Many companies are not aware that you can use invoice finance on a short-term basis. There are facilities available that are of an ongoing nature, for long term use, but there are also short-term invoice finance facilities that allow you to use the service for as little time as you feel you need to.Invoice finance works by releasing a proportion of the value, of your credit sales invoices,...

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    Protection For Suppliers To UK Retail Chains

    If you are a supplier to any of the large retail chains, you may wish to review your requirement for bad protection following a number of recent news reports from the retail sector.More problems have emerged from the sector as the BBC report that Prezzo, the Italian restaurant chain plan to close approximately a third of their retail outlets, as part of a creditors voluntary arrangement...

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    Using Factoring To Repay Trade Finance

    Not all importers are aware that you can use factoring to repay a trade finance facility.Trade finance can be used by importers to pay overseas suppliers for goods that they are importing into the UK. It can also be used for purchases of products from within the UK, in which case it works in a very similar fashion.There are a number of different options as to how the facility can be structured,...

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    Looking For The Best Invoice Finance Company?

    #BMFawards 2018FundInvoice were pleased to be confirmed as Finalists for Invoice Finance Broker of the Year - 2018, at the Business Moneyfacts awards cermoney that was held on the 21st of March 2018 at the Royal Lancaster hotel, in London.There were numerous awards, presented by Claudia Winkleman (from Strictly Come Dancing), across a range of finance products, but those with an interest in our...

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    What Is Confidential Invoice Finance?

    Confidentiality is a term applied to an invoice finance facility where the debtors (the customers of the company using the facility) are not aware of the involvement of the invoice finance company. Some companies prefer this as they do not want customers to be aware that they are using funding or a third party outsourced service.It is an umbrella term for a range of different variations on a...

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    How Does Body Shop Factoring Work?

    Car repairers, and car crash repair specialists, often use body shop factoring to release the money tied up in unpaid sales invoices.Although their invoices tend to be to insurance companies, which can be of good standing, there can often be a delay in receiving payment, which can mean waiting 60 days or even more in order to receive payment for a repair that has already been completed. This can...

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    BMF Awards Tomorrow Night

    Tomorrow night is the awards ceremony for the Business Moneyfacts Awards 2018, at the Royal Lancaster Hotel, in London.FundInvoice are pleased to have been confirmed as Finalists for "Best Invoice Finance Broker 2018". This will mark the fourth year running that we have been shortlisted for a BMF Award, an achievement for a company of our size, especially up against numerous larger competitors...

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    How To Finance A Large Order

    The feeling when you win a large order, or contract, can be amazing. However, the euphoria can be short lived as large sales often bring with them a number of potential problems, not least of which may be how to finance a large order.The first issue is that your resources may have to be focused on delivering against that large order. This can take your focus away from dealing with smaller...

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    Service Charge 67% Of Overall Recourse Factoring Fees

    After recently reviewing the result of our confidential invoice discounting (CID) pricing research, I looked back at our recourse factoring pricing study, which completed about a year previously.The results were similar in that they showed a wide range of pricing differentials between the top and bottom ends of the market, in fact the range was a staggering 165% between the cheapest and most...

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    What Is A Prepayment?

    There is a lot of jargon used in the invoice finance industry, "prepayment" is one of many terms commonly used without explanation. Below we explain what a prepayment is. It can also be called an "early payment" or an "initial payment" by some providers.A prepayment is a cash advance against an unpaid sales invoice raised on credit terms, or application for payment - which are sometimes used in...

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    Invoice Finance For 100 Percent Permanent Placements

    An interesting recent case where one of the invoice finance companies passed a client to us, that they were unable to assist.This particular case was a specialist recruitment company, dealing with the education sector - staff such as nursery teachers. The agency dealt with 100% permanent placements, that is recruiting for permanent roles, rather than temporary staff.Temporary staff recruitment is...

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    Funding Invoices For Body Shops

    If you are a body shop, undertaking crash repairs that are billed to insurance companies, you may be waiting 60 days or more to get paid for the work that you undertake.You don't have to wait to get paid, you can sell those invoice for their full value (less a small charge for using the service) and get your money in 24 hours. You will not have any further responsibility after you sell the...

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    Why You Should Not Just Compare Invoice Discounting Pricing Percentages

    So often we speak to customers that are comparing various offers for invoice discounting, and their key measure for comparison is the headline administration (often wrongly referred to as service charge) charge percentage.With an offer for invoice finance, you normally are quoted a service fee (or administration fee for invoice discounting), a discount charge (similar to interest) and then there...

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    Funding For Growth In Body Shop Car Crash Repairs

    The body shop car crash repair sector is one that often uses invoice finance to fund their growth. There are specialist funders that deal with the body shop sector and the funding service tends to work in a slightly different way to other sectors.The most obvious difference with body shop invoice finance is that the prepayment level is often 100% of invoice values (less charges). This high level...

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    Testimonial From A Care Home Recruitment Company

    We were delighted to receive this testimonial, and 5 star rating from a company that we helped find invoice finance last year.They rated our service 5 stars out of 5 and their Finance Manager, at this care home recruitment company, had this to say about the help that we provided:"Last year when we were looking to change an existing factoring facility, Sean was able to come up with an excellent...

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    Selective Debtor Finance From Scottish Pacific

    I have just had an email from Scottish Pacific Business Finance which was headed “Invoice finance with a difference“. The addition to their product offering is a selective debtor finance option.The way that the product works is that you are able to select debtors against which to receive funding and bad debt protection, if required. You do not have to select more than one customer and you can...

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    Business Moneyfacts Awards Spare Ticket

    We have a spare ticket for the Business Moneyfacts Awards 2018 if anyone is interested?If you watch my factoring blog you will know that FundInvoice are Finalists for "Invoice Finance Broker of the Year 2018", and the results are announced at a Gala dinner in March. This will be fourth year running that we have made the shortlist of finalists. Normally, Sean Morrow attends the awards dinner but...

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    Hedging Funding Risks - Don't Discount Your Options

    A key part of running your own business is identifying risks and mitigating them, always hedging your bets.We had an interesting example recently with a prospective client that almost lost out by discounting quotes for business financing, believing that they had their requirements covered by other lenders that subsequently withdrew their indicative offers.In this particular example, the client...

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    Help For A Roofing Contractor Declined Due To A CCJ

    I wanted to share this interesting case that we are in the process of assisting. It concerns a roofing contractor, working within the construction sector, that has a low value CCJ (County Court Judgement) from several years ago.Firstly there is the issue of the company operating within the construction sector, of course not all invoice finance companies will deal with construction related...

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    Is Debt Factoring A Type Of Outsourcing

    The simple answer is that yes (to a point) debt factoring is a type of outsourcing. However, there is more to these types of factoring products than just the outsourcing element.Debt factoring delivers a number of key services.This is support from a factoring company's (or factor's) credit control team to assist or fully manage the process of collecting in payments from your customers. The...

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    No Hesitation Recommending FundInvoice For Invoice & Asset Finance

    If you are looking for invoice or asset finance, according to one of our client's recent testimonials, they would have no hesitation recommending that you speak to our team at FundInvoice.We recently had the following testimonial from a client that we helped find funding for their business. This is what the Managing Director of this company, importers of wood to the UK, said about us after rating...

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    Topping Up Invoice Finance With A Business Loan

    We have had some interesting situations recently where customers are growing so fast that their need for working capital is actually outstripping the funding released by their invoice finance facility. It is great to have such potential trading volumes, but it brings with it a struggle to ensure that your cash flow can cope with the level of funding required.When a business is going through a...

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    Need Help Paying VAT HMRC Tax Bills?

    Do you need help paying your VAT tax bill from HMRC? If so, we may be able to offer you some options.Already we are in March, and coming up to the end of the first VAT (Value Added Tax) quarter of 2018. VAT returns and payment of outstanding Value Added Tax will be required one month and 7 days after the end of the period. It's not much time between the end of the quarter and the deadline for...

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    Maplin Electronics & Toys R Us Enter Administration

    Two more large company failures on the BBC news this morning - both Maplin Electronics and Toys R Us have entered Administration.Administration is an insolvency process whereby a firm of insolvency practitioners, the Administrators, take over the running of an insolvent business (one that cannot pay its creditors as they fall due), in order to maximise the returns for creditors of the business....

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    Arbuthnot Commercial Asset Based Lending Launches

    Arbuthnot Commercial Asset Based Lending (ACABL), a new invoice discounter and asset based lender, was launched on 26th February 2018 according to a report in CityAM.The private bank, Arbuthnot Latham has apparently started the business in order to enter the SME, asset based lending (ABL) market space.It appears that the business is set to offer small and medium sized businesses:There are of...

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    Bad Debt Protection For A Construction Business

    The focus on bad debts within the construction sector, and protection against your business suffering from large companies failing has been brought into sharp focus with the recent failure of Carillion. The construction sector conglomerate went into liquidation reportedly owing it's supply chain of contractors around £2 billion. If you have been affected by the collapse there are plenty of...

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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:

woodsford tradebridge
closebrothersinvoicefinance
bibby
positivecashflow
investeccapitalsolutions
metro bank sme finance