March 2018

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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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Examples of just a few of our finance partners:

positivecashflow
funding invoice
ifg
igf
ashley
metro bank sme finance