Invoice Finance, Invoice Discounting & Factoring Blog
I am Glenn Blackman, welcome to my invoice finance, factoring and invoice discounting blog.
I have worked within the invoice finance industry since 1988 and I am a partner at FundInvoice LLP who offer the UK’s first market research led free, invoice finance advice and search service.
Glenn Blackman's Invoice Finance Blog
I use the blog to share details of new product offers that I come across, our market research relating to business financing and growth, and to share any other interesting bits of news (or gossip!) that I hear relating to our industry.
- 12 Jul
"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...
- 10 Jul
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...
- 05 Jul
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...
- 03 Jul
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...
- 27 Jun
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...