• 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 large order internally, so they wanted us to provide them with options to fund large orders.

    One-Off Spot Factoring

    We found them a one-off spot factoring deal, which can be used once, or again in the future. In this particular case, they had several existing, outstanding invoices, and a couple of new invoices to raise. In total there would be about £30K of invoicing against which they wanted to raise some case immediately.

    Financing Large Orders For Engineering Consultancy

    Now that the facility has been set up to finance this one off cash flow peak requirement, it will remain dormant, but in place so that it is there in case they need to call on it again. For example, should they receive another large order for engineering consultancy, they can reactivate the same funding facility to raise some finance against the invoicing. This brings some peace of mind to know that you don't have to search around or go through any approval process to get funded in the future.

    How Spot Factoring Works

    A spot factoring facility is very simple. You select one or more invoices against which to receive funding. The factor verifies these invoices with the customers to ensure they are payable, and they provide a prepayment against them. This is cash that you can draw down directly into your bank account, to use for any purpose. The factor then collect the invoices in when they become due, and the money received from the customers, repays your prepayment. Any balance of cash, once charges are deducted, is released back to you.

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    Invoice Discounting Or Factoring Cash Within 24 Hours

    We have just had a very successful meeting with a new factoring and invoice discounting company who have just completed a deal within 24 hours of having received the lead. That is just 24 hours between first contacting the customer and transferring funds to the customers account.So if you need to generate cash within a very short period of time this could be a very effective option....

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    Invoice Finance Research Community On Google+

    I have set up a new "community" on Google+ to allow sharing or invoice finance, factoring and invoice discounting related market research findings. Anyone can join....

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    Article About Who Uses Invoice Finance & Factoring

    There is a new article on the FundInvoice site: Who Uses Invoice Finance & Factoring?The article sizes the UK market penetration of invoice finance and contrasts that with our research findings about the connection between fast growing businesses and the use of invoice finance as a funding source....

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    Research Hub Updated

    I have updated the research hub with details of the mystery shopper exercise and a link to download a copy of the report. It shows the top 3 cheapest confidential invoice discounting, factoring and non recourse factoring quotes, received from our panel in respect of the client scenarios posed in the study....

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    Invoice Finance Mystery Shopper Full Free Report

    The full report from the invoice finance mystery shopper exercise that FundInvoice completed in October 2014 is now available. You can download it free of charge:Invoice Finance Mystery Shopper ReportIt explains:...

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    35% Average Factoring & Invoice Discounting Cost Savings

    Here are some details of the cost savings that FundInvoice LLP have been able to find for clients: Average Factoring & Invoice Discounting Cost SavingsOverall savings were found for 81% of businesses - that's over 4 out of 5, and on average clients were saved 35% of the total fees that were quoted elsewhere....

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    Another New Invoice Finance Company

    We have been contacted today by someone we have worked with previously that has now started their own invoice finance company. Great news for clients, another option and it's always good to hear from a new funder that's eager to lend....

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    White Label Confidential Factoring

    There is a new "white label" confidential factoring product that we can offer via one of our partners. It delivers a fully white labelled version of confidential factoring so that all contact and written correspondence reflects the branding of your business:White Label Confidential Factoring...

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    Mathematical Factoring Resources

    We have had web views looking for maths help with mathematical factoring whereby you identify the components or a number i.e. its factors. Here is a link to a page with a list of relevant resources: Mathematical Factoring...

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    List Of UK Factoring Companies & Help

    If you are looking for a list of the factoring companies in the UK please see this page: UK Factoring Companies ListMost of the companies on the list will offer both factoring and invoice discounting services but if you want some more specific guidance please call Sean on: 03330 113622 and he will be happy to give you some free advice or even to conduct a free factoring quotation search for you....

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    Confidential Factoring Credit Control

    Factoring has benefits such as having your sales ledger chased by a professional credit controller, however some clients are worried that they don't want their customers to know that they are using a factoring service. Confidential factoring is the answer it. The client gets the benefit of using a factoring company's credit control team but all activities are carried out under the client's own...

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    Breached Your Factoring Facility - Don't Panic!

    A "breach" of your factoring facility means that you have contravened one or more of the rules set out in you factoring agreement. This can result in your factor suspending further funding or even giving you notice of termination. "Breaches" can include: - Raising "fresh air invoices" that don't reflect and underlying sale. - Paying off sales invoices with your own cash. - Banking debtor...

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    An Example Of How Invoice Factoring Grows With Turnover

    If we take an example of a business turning over say £250,000 per annum. If we assumed that invoice factoring or overdraft would both release say £50,000 of funding as turnover increases the overdraft will still be £50,000 unless it's renegotiated and more lending may need more security. However, with invoice factoring, if the turnover were to increase to say £500,000 per annum, the funding...

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    Funding That Grows With Your Turnover

    The big difference between a traditional bank overdraft or bank loan and invoice finance such as invoice factoring or invoice discounting is that loans and overdrafts do not grow in line with growth in your turnover. An overdraft or loan will be for a fixed sum. As you raise more invoices so factoring and discounting will release additional funding and in that way the funding available grows in...

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    Invoice Factoring Mystery Shopping Results

    The results of our invoice factoring mystery shopping exercise will be published shortly. The mystery shopping survey compared the invoice factoring prices between different providers to find who was quoting the cheapest prices and fees. Results to follow....

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    Factoring For Temporary Recruitment For The Construction Sector

    The supply of temporary recruitment staff to the construction sector is eminently suitable for factoring although the construction sector is not something that all factoring companies are willing to get involved with, so it is worth shopping around to find the invoice finance companies that are most interested in this sector. FundInvoice have been able to help several clients within this sector...

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    Factoring For Non Home Owners

    A number of factoring companies required the prime movers of a business to be homeowners. However, circumstances are often such that we deal with directors of businesses that do not own their own home. Many people now live in rented accommodation. There are factoring companies that are happy to deal with directors that are non-homeowners and we have just completed a factoring arrangement for a...

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    Factoring Despite Individual Voluntary Arrangement (IVA)

    Factoring can be arranged for your business, releasing cash for any purpose, despite your prime movers being in individual voluntary arrangements. In fact, we have just helped a client, where the prime mover was in an IVA, arrange a factoring facility, with an independent factoring company who are sympathetic to people in such situations. An IVA or Individual Voluntary Arrangement is an...

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    Essential Free Information If You Use Factoring Or Invoice Discounting

    This is a monthly free email update about invoice finance. It includes research about prices and products. This is essential information for anyone who already uses, or is thinking about using factoring or invoice discounting. Subscribe free to FundingVoice Magazine...

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    Finance Product Finder

    Below is a link to our business finance product finder. 10 simple questions to help you select the best business finance product for you: Finance Product Finder...

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    Looking For Factoring?

    If you are looking for a factoring company we have lots of useful information to help you find a factoring company that suits you.1) How factoring works 2) Factoring research 3) List of factoring companies 4) Factoring case study 5) Cost of Factoring. 6) Article about the benefits of factoring. If you would like to speak to an expert adviser, without charge, please call Sean from FundInvoice on:...

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    Last Minute Factoring

    It is striking how many prospective clients leave arranging a factoring facility until the very last minute. Another common characteristic is that initially there is a lot of pressure from the client to arrange a factoring facility very quickly, then after us doing so, the client delays proceeding. The reason for this is often that a particular debtor payment has been received and the client...

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    Factoring Calculator

    This post has a link to our factoring calculator that you should use if you are considering using factoring. The calculator takes into consideration all the benefits of factoring, such as the reduction in credit control costs from using an outsourced credit control service. You need to remember though that the service levels between different factors vary so you need to choose the right service...

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    Help With Slow Payments

    Factoring can help with slow payments from customers and debtors in two ways. Firstly factoring will release cash against unpaid sales invoices, for example 85% of the gross invoice value could be released with the balance, less charges, passed to you when the customer pays. The second benefit of factoring, with regard to slow payments, can be from the credit control service provided by factoring...

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    Factoring For Seasonal Invoicing Peaks

    Factoring can be used to smooth out the cash flow problems caused by seasonal peaks in invoicing and trading. A "seasonal peak" is when the trade, and hence invoicing, of a business is not even throughout the year. A classic example might be a fireworks manufacturer. Most of their annual turnover is likely to be concentrated around bone fire night. There are also many other, less dramatic...

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    Factoring Company Reviews And Ratings

    If you are looking for reviews and ratings for factoring companies, FundInvoice can help. FundInvoice have carried out extensive research of the factoring market including canvassing existing clients for ratings and reviews of their existing factoring companies. These ratings and reviews can be used to assist you in deciding between different factoring companies....

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    Factoring Problems

    Problems with your factoring facility? FundInvoice may be able to help you. Although the vast majority of factoring clients are happy with their facilities sometimes clients run into factoring problems. For example: insufficient funding, problems with the collections service, a desire to reduce costs or a breakdown in the relationship with the factoring company. In all theses cases FundInvoice...

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    What Does An Invoice Finance Take On Involve?

    An invoice finance take on, also known as a switch on, normally involves a visit to your company premises by a surveyor from the invoice finance company. However, in some cases it can be conducted by the sales person, or it may be conducted over the phone/electronically. The purpose of the take on visit is to acquire the sales related records of your business in order to create a copy of your...

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    What Does An Invoice Finance Survey Involve?

    An invoice finance survey is normally a visit to your business conducted by a surveyor. Typically, a survey can take from a few hours to several, days depending upon the size of your business and hence the amount of records that need to be examined. The surveyor will examine the records of your business in order to better understand the nature of your trade, how easily your sales invoices are...

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    What Is The Invoice Finance Sales Process?

    The sales process involved with being approved for an invoice finance facility, such as factoring or invoice discounting, can vary between different providers. A generic overview of the process would be as follows: 1) Initial contact, normally by phone. 2) Meeting with a Sales representative. This will normally involve general discussion about your business and what you need. 3) Survey - this may...

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    Factoring Clients Survey

    We conducted a factoring client survey where 46 users were asked to rate and review their factoring company. We also captured information about their life as invoice finance users over time.You can read some of the results here: Factoring Clients Survey...

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    What Is A Bank Waiver?

    A bank waiver is a document, issued by a bank, that waives its rights to the book debts of a company so that the company can use these book debts to support an invoice finance facility, such as factoring or invoice discounting. Waivers are often required as the outstanding sales invoices, or book debts of a business, are encumbered by any existing charge over assets or debenture, held by the...

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    Can You Have Invoice Finance And An Overdraft?

    Yes, you can have invoice finance and an overdraft from a bank. In fact, our recent research amongst a sample of invoice finance users found that 30% of them used some combination of invoice finance and overdraft or loan finance. So it is very common. We often come across situations where a small residual overdraft remains after the client starts using an invoice finance facility such as...

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    Factoring Company Review Ratings Vary Dramatically

    Our factoring survey found huge differences between the rating reviews for overall satisfaction assigned by existing clients to their factoring company. The range of ratings assigned by clients, for overall satisfaction with their factoring company, went from 4/10 up to 9/10, A dramatic difference of 125% between the lowest and the highest ratings. These results demonstrate the enormous...

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    Factoring Clients Use Two Different Factors On Average

    Our survey of 46 existing factoring clients from across a spectrum of different factoring companies, revealed that on average a factoring client will use 2.2 different providers during its life as an invoice finance user. In total we found that clients used factoring for 4.8 years on average and they had spent 2.2 years, on average, with their current factoring company. These findings suggest...

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    Crowdfunding Comments

    I posted a while back about comments being posted on a Facebook advert for Crowdfunding, these have continued to appear, following exactly the same pattern - a belief that businesses turning over £100,000 per annum don't need to borrow anything! This is so far from the truth - looking at an example in detail:1) If a business has £100K pa turnover, it invoices £8,333 per month. On average...

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    Criteria To Qualify For Invoice Finance

    The basic criteria to qualify for invoice finance are very simple: 1) You are a business that raises credit invoices to other businesses. It is really as simple as that. Certain specific products such as factoring or invoice discounting may have further particular criteria, but in general in order to access some form of invoice finance you only need to satisfy the criteria stated above. Even the...

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    Need Help Paying Suppliers?

    If you need help paying your suppliers invoice finance can help. If you have unpaid sales invoices outstanding to your customers, invoice finance can release a large proportion of that unpaid debt to you in cash. You can use that cash for any purpose, including paying your creditors and suppliers. This can dramatically reduce creditor pressure. As you raise more sales invoices so the invoice...

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    Business Finance With Poor Credit Or CCJs

    Factoring can provide business finance even where the directors, or the business, has previous poor or adverse credit history (even CCJs - County Court Judgements). Unlike most bank finance, with factoring the finance is based on the strength of your debtors and your invoices rather than the financial strength of your directors or your business. Even if you have a poor credit history you may...

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    Export Factoring

    Export factoring can help you fund your exports abroad, collect outstanding, unpaid invoices to overseas buyers and protect against bad debts (if required). ...

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    How To Get Out Of A Factoring Contract

    This article describes 10 steps to get out of a factoring contract: Get Out Of Factoring Article. I put the link up as I have noticed a few people searching for help on this, despite most factoring users being happy....

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    Invoice Finance Against RPO Pay As Paid Contracts

    Invoice finance against recruitment invoices to RPOs, with "pay as paid" clauses in the contract, may be available from our funding partners, in some cases. I came across the following article in the Recruiter: http://www.recruiter.co.uk/archive/part-28/-Pay-when-paid--hits-invoice-discounting/ which describes the issue of "pay as paid" contracts with RPOs. The article highlights the problem that...

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    Factoring For Bodyshop Car Crash Repairs

    FundInvoice have just put up some info about factoring for bodyshops that deal with car crash repairs. If these are paid for by car insurance companies the invoices can be factored in order to release money against outstanding sales invoices - up to 100% funded (less charges):Factoring Bodyshop Car Crash Repairs...

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    Confidential Factoring Launched

    Another of our funding partners have just announces the launch of a Confidential Factoring service. Confidential factoring gives the client the benefits of an outsourced credit control service but all the unpaid invoices collection activity is carried out by the factor, in the name of their client. That way the client's customers are unaware of the factoring companies involvement. Good news as it...

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    Funny Late Payment Excuses Image

    Here's an image showing the funny late payment excuses that I posted a link to yesterday:Funny late payment excuses...

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    Funniest Late Payment Excuses

    Looking for something funny? A little light relief with a selection of the funniest late payment excuses that we have come across:List of the funniest late payment excusesThere is a link on the page for you to send us your own and if they are funny enough we will add them to the list of funny late payment excuses!...

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    Fast Growing Businesses Have More Trouble With Funding Than New Startups

    You would think that if a business is fast growing that would improve its chances of getting the funding it needs but our recent survey found that fast growing businesses had more trouble getting enough funding than new startups!We conducted surveys of 100 fast growth companies (20%+ turnover growth pa) and 100 new startups that had commenced within the last 12 months. Our survey found that...

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    Invoice Finance Users Generally Only Have Cost Issues

    Following on from my previous post, it is interesting to note that the invoice finance users that we surveys generally only had issues with the costing of the facility.It has been suggested by some parties that other issues such as flexibility of funding may have been major points that existing clients would want to address however the actual research results support the hypothesis that the key...

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    Cost Savings To Move Invoice Finance Companies

    Invoice finance "cost savings" were the key requirement that existing invoice finance clients said they needed in order to move invoice finance companies. These results came from FundInvoice's market research survey of 100 existing invoice finance clients across a variety of different invoice finance companies.We asked them "would anything make you move to an alternative invoice finance...

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    Factoring With An Independent Company To Improve Service Levels

    An example of a factoring client we were able to help who had issues with the bank backed factoring company that they were using. Their concern was that they were spending a lot of time answering queries from the bank owned factoring company. With the growth of their business they were expecting an increase in the number of invoices and hence an increase in the workload involved with dealing with...

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    6 Months Bad Debt Protection For Free

    One of FundInvoice's funding partners is currently offering 6 months bad debt protection free of charge.Bad debt protection (also known as "non recourse") can provide a business with up to 100% protection against bad debts. It works in a similar way to a credit insurance policy but it can be a cheaper option. The bad debt protection provider will research the credit position of your customers for...

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    Avoid CVA (Creditors Voluntary Arrangement) With Factoring

    If you haven't used your outstanding sales invoices to raise finance you could consider factoring and avoid having to go into a CVA (Creditors Voluntary Arrangement).A CVA is an insolvency procedure whereby a company with debt problems enters into an arrangement with its creditors to pay all or some of its debts over a period of time. If you are considering such an arrangement and are considering...

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    Case Study About Selective Spot Factoring Without Tie Ins

    Here is a case study about selective spot factoring without any tie ins so the client can choose which invoices to factor: Selective Spot Factoring Case StudyThe benefits of spot factoring are that the business can choose which invoices they want to get funding against and they are under no obligation to factor all of their invoices. This keeps the cost down and you can choose to finance just a...

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    Definitions: What Is Debt Factoring?

    Looking on the web there are some pretty poor definitions of what debt factoring is on some very well known sites.See my definition: What Is Debt Factoring?...

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    Factoring Cost Savings Calculator

    New calculator to workout (illustration only) the factoring cost savings that a business may derive from using factoring. It takes into account all the additional savings e.g. not needing credit controllers, supplier discounts etc. which are often overlooked when considering factoring as an option.Factoring Cost Savings Calculator...

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    Factoring For Small Businesses And New Startups

    Funding is difficult for a new startups or a small business to find - 31% of new startups in our survey said that they couldn't find enough finance initially and of those with restrictions nearly three quarters were relying on just a bank overdraft.This article is about alternative funding - factoring for small or new startup businesses: Factoring For Small & New Startup Businesses...

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    Invoice Finance Research Summaries

    We have added a research area to the FundInvoice site with links to each of the three invoice finance related market research summaries: Invoice Finance Market ResearchAnyone involved with the invoice finance market, or considering using invoice finance should take a look at our research findings and you can always talk to Sean confidentially for some free, independent advice - or even a quote...

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    Spot Factoring

    Just added some information to the FundInvoice site about Spot Factoring: Spot Factoring...

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    Invoice Discounting Client Life 73% Longer Than Factoring

    Continuing to analyse the results of our market research survey of 100 existing invoice finance clients and I looked at the split between factoring and invoice discounting users.Of the respondents 54% used invoice discounting and 46% used factoring - a relatively even split with a slight bias towards ID. I went on to analyse the time that each respondent had used the service with their existing...

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    You Can Now Get Personal Guarantee Insurance For Invoice Finance Related PGs

    Great news, there is now a UK personal guarantee insurance product which can be taken out to insure against the risks associated with giving a personal guarantee to an invoice finance company.Giving a personal guarantee can be an issue for some invoice finance users so this is definitely a positive step that will alleviate some people's concerns over giving a personal guarantee to a factoring or...

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    10 Steps To Get Out Of Factoring

    If you want to get out of factoring here are 10 steps to follow: 10 Steps To Get Out Of FactoringThe article explains the various ways that you can address your issues with using factoring and get out of factoring altogether if required....

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    Good Credit Management Article - Tips & Advice About Collecting Unpaid Invoices

    Here is a link to my latest article about good credit management & credit control. It contains tips and advice about how to credit check new customers and how to undertake credit control in order to collect in unpaid sales invoices: Good Credit Management & Credit Control ...

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    Improving Your Cash Flow Forecast With Factoring - Blank Example Spreadsheet

    Below is a link to a new article about improving the cash flow forecast of your business through factoring to bridge the credit gap between invoicing and getting paid. The article includes a blank example spreadsheet cash flow forecast for a small business: Improving Your Business Cash Flow With Factoring...

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    Martin Morrin of Royal Bank Of Scotland Invoice Finance New Chairman of ABFA

    Martin Morrin of the Royal Bank Of Scotland Invoice Finance has been appointed as the new chairman of the ABFA (Asset Based Financing Association) replacing John Onslow of Centric Commercial Finance: ABFA Press Release...

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    Government Green Deal Invoice Finance

    Invoice finance, factoring and invoice discounting is now available against Government Green Deals: Government Green Deal Invoice Finance#invoicefinance...

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    Supply Chain Finance, Supplier Finance & Reverse Factoring Article

    All of these terms: supply chain finance, supplier finance and reverse factoring all describe an invoice finance product set whereby the charges and funding of the suppliers of a large organisation are predicated upon their customer i.e. the large organisation. In such cases small businesses can access preferential funding rates and levels but there is then a level of dependency upon the...

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    FundingVoice Magazine Full

    Well the first edition of FundingVoice magazine which shares expert opinions on how to fund your business cash flow, is now fully subscribed in terms of articles for the first edition. We have had a variety of articles contributed by expert authors covering subjects such as cash flow forecasting, credit control and invoice finance.I am now putting it all together ready for our first email out...

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    FundingVoice Free Magazine First Edition Is Taking Shape

    FundInvoice LLP plan to publish the first edition of their FundingVoice magazine on the 26th February with a copy deadline of the 21st. The magazine is sent out by email to our subscriber list and is all about improving the funding within your business. Each month various expert authors contribute articles that support the key theme - expert opinion about business funding. It isn't just about...

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    How Many Factoring Quotes Is Enough?

    It's a difficult question to answer but here are my thoughts as a factoring broker.If you are going to use a factoring company you want to ensure that you are quoted a competitive, reasonable if not low price but at the same time you need to consider the quality of what you will be receiving in service terms. All factoring services are not equal and in some cases you may benefit from paying...

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    Invoice Auction Web Sites - The Advantages & Disadvantages

    This is a link to a new article which explains the advantages and disadvantages of invoice auction web sites when compared with traditional invoice finance companies: Invoice Auction Web Sites Advantages And Disadvantages Explained...

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    Case Study - Factoring For Care Home Staff Recruitment Agency

    Just added a new factoring case study about providing funding to a care home staff recruitment agency: Case Study - Factoring For A Care Home Staff Recruitment Agency...

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    Earn Commission

    If you introduce a new invoice finance, factoring or invoice discounting client company to FundInvoice LLP, that we are not already dealing with, we will happily share any commission that we receive with you. All you have to do is give us the contact details of a company that is interested in receiving quotations for invoice finance, factoring or invoice discounting and we will do the rest. If we...

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    Case Study - Too Small For Your Factoring Company?

    This new case study explains how FundInvoice helped a small company using #factoring that suddenly fell below the size criteria for their existing factoring company: Too Small For Your Factoring Company?...

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    Factoring Industry Client Number Growth Projections For 2014

    The group that I manage on LinkedIn the UK Invoice Finance Research Group were asked at the beginning of 2013 how they expected invoice finance, factoring and invoice discounting client numbers growth amongst the ABFA (Asset Based Finance Association) members to compare in 2013 with the 3.1% growth in 2012. Of the few that voted, 71% though it would exceed that figure. Although we only have the...

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    #Factoring Market Slows Down For Christmas

    The #factoring new business flow has started to slow down for the Christmas break, as it always does around this time of year. We are in contact with large numbers of businesses so we notice when the holiday slow down is beginning to come into effect. It becomes harder to speak to our contacts at prospective client companies and more and more are "out of office" or on holiday.The irony is that in...

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    Lists Of Global International Factoring Companies Worldwide

    If you are looking for lists of factoring companies around the world, I have put together a page with some helpful links to lists of global international factoring companies worldwide provided by Factors Chain International and the International Factoring Group here: Lists Of International Factoring Companies Worldwide...

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    Factoring Case Study Buying Out A Company Director

    We have a new case study available showing the use of factoring for buying out a company co-director in a construction business.For details please see the link: Case Study - Factoring Buying Out A Company Director...

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    Single Invoice Finance Article

    I have just put together a new article "Single Invoice Finance - All The Options" that discusses the various types of facility that clients often lump under this one category:The article also compares the advantages of whole turnover facilities against single invoice facilities.You can read my article here: Single Invoice Finance - All The Options...

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    Invoice Finance Against Government Green Deal Scheme Installer Invoices

    I have just put up a new article about the enquiries we have received recently seeking invoice finance against installer invoices relating to the government's Green Deal scheme. The Green Deal scheme helps fund energy saving work to houses and businesses and the invoices can often be funded via invoice finance, even where there is only one single debtor that is a government body. You can read the...

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    Invoice Factoring Online

    I am just putting together an article about invoice factoring online and to what extent you can complete the whole transaction of signing up for invoice factoring and then running your factoring facility online. When you broaden the term to also include invoice discounting & invoice finance the extent to which you can completed the whole thing end to end online is greater. It highlighted to me...

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    Factoring Calculator Available Online

    On the FundInvoice site we have a factoring calculator that can be used online to calculate the amount of funding that factoring could raise for your business by releasing cash from your unpaid sales invoices:Factoring Calculator...

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    Invoice Finance Can Help New Starts & High Growth But Most Can't Access Funding

    Looking back over two recent surveys one of 100 new start businesses and our most recent survey of 100 high growth businesses (20%+ pa) and there are a number of interesting similarities. Both segments, new starts and high growth companies are ideal for invoice finance funding such as factoring & invoice discounting but in both cases the vast majority of companies don't find their way to invoice...

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    List Of Invoice Finance Companies In The UK

    We have just put up a list of invoice finance companies in the UK on the FundInvoice site. There are probably about 60 invoice finance companies on the list after taking out a few names which form part of the same overall groups - still plenty of choice for anyone seeking invoice finance. The selection includes bank backed and independent invoice financiers, spot factoring & invoice discounting...

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    Deal Completed - Improved Service Switched From Bank Owned Factoring Company

    We have recently been able to find an invoice finance deal for a client that were using a bank owned factoring company but were not happy with the service that they were receiving. The company was turning over circa £1.2 million per annum and we were able to put them in touch with a reputable independent factoring company that were able to improve on the service offering that they were receiving...

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    Deal Completed - Factoring For A Printing Company

    We were recently able to help a printing company that were struggling with their business cash flow. Their bank overdraft was no longer sufficient to meet their need for working capital and their debtor days (the time their customers take to pay) were increasing, in fact they had more than doubled placing additional strain on their cash flow.We were able to find them a factoring facility with a...

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    How Invoice Finance, Factoring & Invoice Discounting Companies Calculate Their Charges & Pricing

    Following yesterday's post: How Invoice Finance Companies Calculate Intial Payment Percentages, I have been asked to clarify how invoice finance companies, factoring companies and invoice discounting companies calculate and set their charges and pricing.Firstly you should be aware that different invoice finance companies charge differently. Traditionally the charging structure for invoice finance...

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    How Factoring & Invoice Discounting Companies Calculate The Initial Payment Percentage (Discount Percentage)

    A question was posted on the UK Invoice Finance Research Group (LinkedIn) site asking how invoice finance companies calculate the discount percentage or the initial payment percentage (early payment percentage means the same thing) that they are prepared to fund against invoices. I though I would put my thoughts on this up on the blog in case others have similar questions.Just to clarify the...

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    Cheap Factoring And Cheap Invoice Discounting

    Cheap factoring and cheap invoice discounting are often what prospective clients think they want.We often initially speak to clients that say they are seeking selective factoring or spot factoring, and we can find that for them, but once you get into the details it often emerges that they asked for that as they believed it was is going to be the cheapest option, rather than because they really...

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    ABFA Reports 2.4% Increase In ABL/Invoice Finance Client Numbers

    ABFA (Asset Based Financing Association), the #invoicefinance industry body, have published the statistics for their members for the year to the end of March 2013.These show UK ABL/invoice finance client numbers increasing from 41,498 to 42,497, an increase of 999 or 2.4% over the year. Positive growth but the number of businesses finding their way to these cash flow funding products is still way...

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    Deal Completed - Factoring Replaces Reduced Bank Overdraft

    We have seen more and more examples of restrictions in bank overdrafts recently and this particular client experienced that same issue. The client was involved with plant and staff hire and they were looking for more working capital. Rather than increasing their overdraft their bank actually reduced their overdraft and after several weeks of considering them for a factoring facility (factoring is...

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    Latest Free Invoice Finance Newsletter Available

    The free June 2013 invoice finance newsletter is available for you to download free of charge from our website.You can also subscribe to receive future copies of the Invoice Finance newsletter direct to your email inbox, free of charge.This latest newsletter includes the following articles:...

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    Spot Factoring Is Often Perceived As The Cheapest Option

    We have just had an interesting case which highlights a number of cases that we have seen and heard about from other parties within the industry. Spot factoring has risen in popularity recently and there have been a number of entrants to the market offering spot factoring which allows the client to determine which invoices to receive funding against in a transactional, selective way. Often these...

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    Deal Completed - Factoring For A New Start Up

    Following our recently published market research regarding funding for start ups we have just completed a recourse #factoring deal for a new start up business.The start up factoring facility will fund the growth of this new business that is already projecting multi-million pound turnover in its first year....

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    Invoice Finance, Factoring & Invoice Discounting - All The Market Research Conclusions So Far

    Below is a summary list of the key invoice finance market research findings and conclusions following publication of our latest comprehensive invoice finance market research report which includes factoring, invoice finance & invoice discounting related market research findings.These are the additional findings from just this latest research report:...

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    New Invoice Finance Market Research Findings Summary Part 3 Published

    We have just published the third summary in the series of summaries from our Invoice Finance Market Research Programme which has continued over the last 3 years.This summary includes:...

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    Avoiding The Consequences Of Bank Overdraft Restrictions For Start Ups

    This is a further analysis of the consequences of bank overdraft restrictions on start up businesses.My previous article identified a group of 23 start ups within our sample of 100 start ups that had used bank overdraft to fund their new start business and had experienced restrictions.In all cases they said that the restrictions were because the "bank would not lend enough".The consequences of...

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    New Fast Growth & Trade Finance Market Research Surveys Planned

    I have just completed the questionnaires for two more finance related market research surveys, fast growing companies and importers.The first is a survey of fast growing businesses, focusing in how they fund their businesses, the use of invoice finance and any funding issues they have encountered.The second is a survey of importers with questions around their funding arrangements, trade finance...

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    Glossary of Invoice Finance, Factoring & Invoice Discounting Terms, Words & Phrases

    The technical terms and language associated with invoice finance can be complicated and difficult to follow. Therefore we have put together a glossary of the common terms, words and phrases used within invoice finance, factoring & invoice discounting so you can look up what each word or phrase means.Each term has an explanation of the meaning next to it and where appropriate links to relevant...

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    Difficulty Finding The Funding To Start An Invoice Finance, Factoring & Invoice Finance Company?

    There have been numerous new entrants into the invoice finance market recently with more new start invoice finance companies rumoured to be planned. All positive for us as it gives our clients more choice. The big problem for new entrants seems to be finding the backing and funding line in order to start a factoring and invoice discounting company.Those that want to set up an invoice finance...

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    Difficulty Finding The Finance To Start An Invoice Finance, Factoring & Invoice Finance Company?

    Post moved here: http://www.fundinvoice.co.uk/blog/factoring/post/difficulty-finding-the-funding-to-start-an-invoice-finance-factoring-invoice-finance-company-2.html ...

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    How Does An Invoice Finance Recourse Period Work And How Do You Calculate The Recourse Date?

    The principle behind the recourse period is that it normally gives the customer more than enough time to pay the outstanding sales invoice, if its not paid then it is assumed that there is a reason for that and hence the funding against that invoice is withdrawn.The exact recourse period that an invoice finance company offers varies between providers and may be tailored to your specific business....

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    How To Calculate Funding Released With Invoice Finance

    Calculating the level of funding that will be released by invoice finance is not always as simple as multiplying the value if your sales ledger by the initial payment percentage or early payment percentage.There are other restrictions that you may encounter including:If you are being restricted by any of the above our advisers may be able to find you an invoice finance company that offers a...

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    All My Factoring Tips, Invoice Discounting Tips & Invoice Finance Tips Now In One Place

    I have created a new page with a complete list of all the factoring tips, invoice discounting tips and invoice finance tips that I have been publishing via Twitter: Invoice Finance TipsThey are just little helpful hints and tips for people using or considering using invoice finance.See the link below to follow us on Twitter....

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    Deal Completed - Factoring For A Training Company Helps With Credit Control

    In this case study, we were able to assist a London based training company who were using overdraft rather than invoice finance. They needed working capital, some of which was being provided by an overdraft, but they also had issues handling their own invoice collections. Therefore, they also needed credit control support as well.We found them a recourse factoring facility that will provide both...

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    Do You Have A Complaint About Your Invoice Finance, Factoring Or Invoice Discounting Company?

    If you have a complaint about your invoice finance, factoring or invoice discounting facility we would like to hear from you as we can help you find alternative sources of funding. The majority of invoice finance customers are satisfied with their facilities - we know this as we survey invoice finance clients of numerous different invoice finance companies to check that they are satisifed....

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    Confidential Factoring - Credit Control, Funding & Confidentiality

    Confidential Factoring could be the right product for a business that wants the funding that factoring can provide and the credit control service but doesn't want their customers to know that they are using such a service. Confidential factoring is different from Confidential Invoice Discounting in that factoring also provides that additional credit control, invoice collection service whereas...

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    Shorter Invoice Finance Termination Periods Becoming More Common

    Termination periods, the period of notice that an invoice finance client needs to give to their funder in order to terminate their factoring or invoice discounting agreement, vary widely between different invoice finance companies. Sometimes a client will be acceptant of a longer termination period in order to secure a good deal but in other cases the client wants the flexibilty of knowing that...

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    The History of Factoring & Its Growth In The 21st Century - Infographics

    It is easy to forget how old factoring is. I came across this useful little history infographic published by an american invoice finance exchange. Their page includes an interesting summary of the history of factoring and its growth in the 21st century with infographics on the history and also how factoring works.The article suggests that they history of factoring goes back some 4,000 years to...

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    Deal Completed - Supplier of Mats Non Recourse Factoring Improved Credit Control

    This client seldom borrowed money from their bank owned factoring company but they were looking for an improved deal in terms of the service charge that they paid for their factoring and the quality of the collections service (credit control service) that they received.Where a company isn't borrowing significant amounts or even any funds, the collections service is absolutely key as it can enable...

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    How To Get Approved For Factoring

    Below are 5 tips about how to get approved for a factoring facility. These are simple things that you can do to improve you chances of being approved for factoring:1) Invoice in arrears - factoring companies are all about the quality of your sales invoices. They will often overlook poor financials if your debtor book is strong. One of the key issues for a factor is ensuring an invoice is...

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    Invoice Discounting Clients Only 5.1% More Satisfied Than Factoring Clients

    We have recently completed a large survey of 1,000 factoring and invoice discounting existing clients across a broad list of different factoring and invoice discounting companies. This list was drawn from the numerous invoice finance clients that have either contacted us or we have identified over the years.One of the questions we asked them was how satisifed are you with your existing invoice...

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    ABFA Launches New Code Of Conduct & Ombudsman Service

    The Asset Based Finance Association (ABFA) has launched a new code of conduct for its members (which include many of the key factoring companies and invoice discounting companies within the UK) backed up with an Ombudsman service.Good news for clients that are using the services of ABFA members - they now have a defined code of conduct and access to the Ombudsman if they are unable to resolve...

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    Examples Of The Cost And Price Of Factoring & Invoice Discounting

    Following my post on the average cost of finance via one of the invoice auction sites, I thought comparative examples of the cost and price of factoring and invoice discounting might be helpful.As you will see on our site the cost of a whole turnover style invoice discounting or factoring service reflects a pricing discount due to factoring or discounting a larger volume of turnover - some...

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    How To Avoid Long Factoring & Invoice Discounting Notice Of Termination Periods

    One of the things that sometimes deters businesses from using invoice finance is the fear of long periods of notice of termination required in order to terminate the factoring or invoice discounting facility. These are not universal across the industry though, in fact there are dramatic difference between invoice finance companies.There are several options for businesses that want to know how to...

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    How To Avoid Factoring & Invoice Discounting Disbursements & Additional Charges

    There are ways of avoiding paying many additional disbursements, fees or additional charges for your factoring or invoice discounting facility - read on.Traditionally the charging structure within the invoice finance industry has been divided into three categories. The service charge (or administration charge) - typically a percentage of the value of the invoices discounted, discount charge -...

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    New Free Factoring Newsletter Published

    We have just published a copy of our February 2013 newsletter to the website.This latest free factoring newsletter includes three case studies: Confidential Invoice Discounting where an overdraft was insufficient, Recourse Factoring for a recruiter and factoring for a supplier of alcohol. As always the newsletter is completely free of charge....

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    The Pros And Cons Of Factoring

    I just saw a question posted on twitter asking about the pros and cons of factoring and I wanted to answer it really simply for any businesses that are considering factoring their invoices.PROS OF FACTORING...

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    Everything You Need To Know To Develop Your Invoice Finance Company's Strategy

    After a recent conversation with an #invoicefinance company about what customers are looking for in terms of factoring and invoice discounting product offerings, I re-read our two previous invoice finance market research summaries (you can just scan read the highlights in red to get the key points). They are a little out of date now but I think the key points are still completely valid and they...

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    Invoice Finance For A One Man Band Start-Up Business

    We were recently able to help a start-up business that was effectively a one man band.The business had a very low turnover and because of its start-up nature was looking to raise finance to improve its cash flow.The business had already been rejected by 5 different factoring companies but we were able to find them a cost effective facility within in a few days despite them having been turned down...

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    Deal Completed - 10% Factoring Cost Saving - 100% Relationship Improvement

    Its not all about cost savings but in this case we were able to combine cost savings with an improvement in the client's relationship with their funder.The client was a printer who was unhappy with their existing bank owned invoice finance company as they felt they received no personal service and the recourse factoring facility was too expensive.We were able to help them switch to an alternative...

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    Recourse Factoring For An Alcohol Supplier Based In Yorkshire

    Many businesses use recourse factoring in order to generate finance for their business. However, in some cases recourse factoring is also sought in order to provide support with credit control and debt collection activities.This was the case recently with a supplier of alcohol, based in Yorkshire, who were seeking a recourse factoring facility to provide them with credit control support in...

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    Recourse Factoring For A Recruitment Company Turning Over £650,000 Per Annum

    Often we are able to assist businesses whose existing overdraft facilities are not sufficient to support the level of working capital that they require to run their business.This was the case recently with a recruitment company turning over £650,000 per annum.We were able to find them an invoice finance company that could provide a recourse factoring facility. The level of funding from the...

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    Deal Completed - Working Capital For A New Start Consultancy

    It can often be difficult for a new start business to raise working capital. Banks tend to require some form of security in order to offer substantial overdrafts of loans and with a new start up business that is often not available.We were recently able to help a new start up IT consultancy business meet their funding requirements by introducing them to a factoring company that were prepared to...

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    Deal Completed - Switch From Overdraft To Recourse Factoring

    We were recently able to help a designer of ladies clothing that was turning over £200,000 finance their working capital requirements. When we spoke to them they had an overdraft from a bank but it was insufficient to fund the growth that they planned for their business.We were able to find the business a recourse factoring deal that would enable the level of funding to grow in line with their...

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    Recourse Factoring for a Derbyshire Based Printer - Lower Rates, Better Service

    This deal combined finding improved recourse factoring rates with improving on the service provided by the factoring company.We spoke to this small Derbyshire based printer in order to understand the issues with their existing factoring company and they used our free, independent quotation search to find an alternative recourse factoring quotation from an alternative factoring company that were...

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    November 2012 Free Factoring Newsletter Available

    Our latest free factoring newsletter is now available....

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    Deal Completed - Jewellery Supplier New To Factoring

    We are regularly able to help businesses that are new to factoring such as a #factoring deal that we completed recently for a Glasgow based jewellery supplier.They were new to factoring but needed funding to support a new product offering. We completed a free, independent quotation search for factoring on their behalf and introduced them to a factoring company that will be able to meet their...

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    Latest Factoring & Invoice Discounting Newsletter Published

    To read a copy of our latest free factoring and invoice discounting #newsletter please see: October 2012 Invoice Finance NewsletterThe newsletter contains details of new product offers, case studies and survey results that we have published....

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    Deal Completed - Factoring For Recruitment Company Growth

    I publish details of a selection of the #factoring deals that we complete through our invoice finance brokerage and a recent example was this recruitment company with a turnover of £1,700,000 per annum who were looking for factoring in order to fund the growth of their recruitment business.The recruitment sector are classic users of factoring as they need to pay their staff before they get paid...

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    Deal Completed - Factoring Steel Stockholder

    Our surveys repeatedly suggest that most #factoring clients are happy with their factoring arrangements but for the minority that is not the case.We were recently able to assist a steel stockholding business turning over circa £2 million per annum that were not happy with their existing factoring company. They felt that the credit controllers at their existing factoring company were being overly...

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    Deal Completed - Recourse Factoring For Archaeologists

    A very strange #factoring deal that we completed recently! Recourse factoring for a firm of archaeologists!They were looking for working capital to fund the growth of their business and we found them a recourse factoring facility that would do that. Recourse factoring will give the client the benefit of a credit control service to help them collect their outstanding sales invoices together with a...

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    Most Popular Invoice Finance Products

    I have just analysed the last 20 deals that we completed to see which invoice finance products were most popular.Eleven were recourse factoring, four were non recourse factoring (with bad debt protection). Just two were confidential invoice discounting, one was export factoring, one was export CID and one was a debt collection facility.Interesting that recourse factoring (funding with a credit...

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    Deal Completed - Factoring For A Recruitment Company

    Some deals are straightforward! Like this recruitment business, turning over £1.7 million a year, thar we just found a non recourse factoring service.They wanted factoring to finance growth and the non recourse option to protect against bad debts.More factoring deals to follow . . ....

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    Factoring Deal Completed - Change Factoring Companies Due To Poor Service

    It is not always a case of clients wanting to save costs or raise more finance. Once recent deal wanted to move between factoring companies as they were unhappy with the service they were receiving from their existing factoring company. Most clients that use factoring are happy with the service that they receive but there are always exceptions in any industry.This steel stockholding business...

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    Sizes Of Factoring & Invoice Discounting Deals Completed

    I have just been looking back over just the last 20 or so factoring and invoice discounting deals that we have completed, to see what size the businesses were.The smallest was a business turning over just £40,000 per annum that wanted recourse factoring. The largest had an annual turnover of £4,000,000 and was seeking confidential invoice discounting (CID). The average client size, across that...

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    Deal Completed - Export Factoring To Spain For Expansion

    Another export factoring deal recently completed for a food producer exporting to Spain, turning over c. £750K pa.They were looking for funding for growth in order to expand their buisness. We were able to find them an export factoring facility in order to fund their business expansion.Export factoring provides the client with both funding against their export sales invoices and a credit...

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    Deal Completed - Recourse Factoring For Property Maintenance

    Another one recently completed - recourse factoring for a property maintenance company based in Derbyshire. They were looking for finance in order to fund their growth. Recourse factoring provides both funding against the property maintenance invoices that they raise but also a collections and credit control service to assist them with the chasing of overdue sales invoices, this in turn can also...

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    87% Don't Know Its Easier To Get Factoring Than Invoice Discounting

    Anyone that works within the invoice finance industry will consider it common knowledge that qualification for invoice discounting is harder than qualification for factoring. With a factoring facility the factoring company has more control over the client's sales ledger (their security) as the factoring company undertakes the credit control function for the client, hence the qualificaiton...

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    ABFA New Code Of Conduct & Complaints Procedure By January

    Good news for invoice finance users - according to the Telegraph, the ABFA (Asset Based Finance Association) has announced that it is to launch a new code of conduct for its members and a complaints procedure by January. This is positive for invoice finance users as it gives them an avenue to escalate complaints beyond their factoring or invoice discounting company.Kate Sharp of the ABFA was...

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    Deal Completed - Recourse Factoring For An Accountancy Practice

    Accountants were not historically prime customers for factoring companies but that has changed in recent times. Accountancy practices are now able to access recourse factoring as the list of eligible industry sectors has expanded in recent years.We have recently completed a recourse factoring facility, with one of our factoring company partners, for a Leicestershire based accountancy practice...

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    Recourse Factoring Deal Completed - 30% Saving On Recourse Factoring Fees

    We were recently able to assist a printers that were turning over £300,000 per annum. Printing companies are highly suitable for invoice finance so they already had recourse factoring but were interested in saving money of the factoring fees that they were paying.We found them a recourse factoring facility with an alternative factoring company and they were able to achieve a cost saving of...

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    Deal Completed - Additional Funding For Gift Importer & Wholesaler

    Sometimes we are able to help businesses that already have factoring but want to release additional working capital beyond what their current factoring company is able to release.In the case of this particular deal, we were able to do exactly that for a London based gift importer and wholesaler who already had recourse factoring from a factoring company that was restricting their funding due to...

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    Close Invoice Finance Launch Guide - How To Grow Your Business

    Close Invoice Finance, one of our funding partners, has published a new guide titled "How To Grow Your Business". The free guide covers:NOTE: THE GUIDE IS PRODUCED BY CLOSE INVOICE FINANCE AND AS SUCH GLENN BLACKMAN CAN'T TAKE ANY RESPONSIBLITY FOR THE ACCURACY AND COMPLETENESS OF THE INFORMATION IT CONTAINS...

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    Deal Completed - Recourse Factoring With Poor Credit Rating

    We were recently able to assist a London based clothing manufacturer, who was turning over £250,000 per annum, find a recourse factoring deal to support their growth plans.The prime mover of the clothing manufacturing business had a poor credit rating and so had not been able to find a finance facility elsewhere. Credit ratings are often important when applying for overdrafts and loans but with...

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    Mistake - 73% Think Invoice Finance Is As Hard To Qualify For As Overdraft

    When we spoke to a sample of 100 SME businesses about their financing we asked them to comment on how difficult they thought it would be to qualify for invoice finance (factoring & invoice discounting) as against overdraft.73% of respondents thought that it would be just as hard to qualify for invoice finance as to qualify for an overdraft. This indicates a huge misunderstanding about how easy it...

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    Deal Completed - Recourse Factoring For A Design & Marketing Studio

    Another recourse factoring case study of a recently completed deal:This time we found a recourse factoring facility for a small design and marketing studio that wanted to improve their cash flow in order to fund business growth.Recourse factoring will release funds against their sales invoices as they raise them allowing them to immediately use those funds for any purpose. In many small...

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    Deal Completed - Recourse Factoring For Plant Hire Growth

    Another deal just completed for a plant hire company turning over £400K per annum. We were able to find them a recourse factoring facility to support and fund their future growth.Recourse factoring combines an intial payment against invoices as they are raised with a collection and credit control service whereby the factoring company collects in your outstanding sales invoices for you reducing...

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    Businesses Prefer Tariff Invoice Finance Charges Over Fixed Fee

    Another question from our recent invoice finance research survey where we questioned 100 randomly selected SME businesses (Small and Medium Sized Enterprises).We wanted to find out the view on fixed fee deals which are being offered by several factors at the moment. Indeed we have completed such deals ourselves with various factors but we wanted to gauge opinion regarding the option of a tariff...

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    Deal Completed - CVA Business Non Recourse Factoring

    Here is the latest of our series of deals recently completed. A recruitment company with a turnover in excess of £2,500,000 per annum entered a CVA (Creditors Voluntary Arrangement) and their bank backed factoring company was not prepared to support the company whilst it was in a CVA.A CVA is a legal procedure, administered by a qualified insolvency practitioner, whereby a company that is...

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    Deal Completed - Recourse Factoring For A Greetings Cards Supplier

    Another deal completed - this time we managed to find a recourse factoring facility for a greetings cards supplier, with annual turnover of just under £400,000 who were looking for some cost savings and a more flexible funding level than they received from their previous factoring company.More recourse factoring deals to follow . . ....

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    Fixed Fee Factoring & Fixed Fee Invoice Discounting

    Several of our funding partners now have fixed fee factoring and fixed fee invoice discounting products but we have just received word of another fixed fee invoice finance product launched by another of our funding partners.The fixed annual fee is divided into manageable monthly payments, for example, a fixed fee of £3,600 per annum would be charged at £300 per month (plus VAT where...

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    Businesses Don't Understand How Easy It Is To Get Invoice Finance

    The invoice finance brokerage is continually being approached by factoring and invoice discounting companies with money to lend and it is very rare that we are unable to help a client get invoice finance (providing they raise credit invoices), regardless of circumstances. Overdrafts on the other hand have become harder and harder to get and we have spoken to numerous clients that have had their...

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    Deal Completed - Recourse Factoring Executive Car Service

    Often we are able to help a small business improve their cash flow in order to grow their business. This recent case of a completed recourse factoring deal was an example of that.A small Executive Car Service business needed recourse factoring for growth and we completed a free factoring quote search for them and arranged a recourse factoring facility that will support them as they grow.More to...

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    Deal Completed - Substantial Fee Reduction Non Recourse Factoring

    Another recent factoring deal completed - non recourse factoring for a health and beauty products importer.We found them a non recourse factoring deal that allowed them to move from their existing bank owned factoring company to an independent factoring company that were able to offer them a substantial cost saving.More factoring deals to follow . . ....

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    Deal Completed - Non Recourse Invoice Finance For A Haulage Business

    We thought it might be useful to put up details of a selection of the invoice finance deals that we complete to demonstrate the wide range of businesses that we are able to assist with their cash flow issues through our brokerage service .We have recently completed a non recourse invoice finance deal for a haulage business that was turning over just under £2 million per annum. We helped the...

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    July 2012 Free Factoring Newsletter Published

    We have just published our July 2012 factoring newsletter which this month has information about spot factoring, construction finance and a new funding facility for retailers....

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    Spot Factoring Increasing

    Spot Factoring has become increasingly common over recent years with various new spot factoring companies that have entered the UK invoice finance market using the term to describe their invoice finance products. Essentially spot factoring tends to be used to describe "selective factoring" or "single invoice factoring" where the client selects particular invoices or batches of invoices to factor...

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    Construction Finance Choices For Clients Have Grown

    Going back a few years the invoice finance companies that would fund construction based businesses were few and far between but in recent times the number of funding choices available to the construction sector has grown. Both factoring and invoice discounting are available as construction finance - so the clients can choose whether or not they want to chase their own sales invoices and there are...

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    Factoring Newsletter June 2012 Now Available

    Our factoring and invoice discounting newsletter for June 2012 is now available for your to view.This latest newsletter contains some of the latest offers and discounts that are available around the invoice finance industry, support for businesses suffering cash flow issues due to the NatWest problems and details of our partnership with a broker that is able to find you leasing and hire purchase...

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    Bibby Financial Services Vision 2020

    We have just returned from an excellent breakfast presentation, hosted by Bibby Financial Services where Jon Charsley, the Head of Sales from their Hastings office, outlined the Bibby Vision for 2020 and shared some of their market research.The presentation was preceeded by an overview of the UK business environment and insolvency in the UK by Brian Johnson, Business Recovery and Insolvency...

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    Client's Sales Grow With Factoring & Invoice Discounting

    Looking further into the ABFA (Asset Based Finance Association) statistics to March 2012 for factoring and invoice discounting in the UK (amongst their members) there was an increase in client's sales turnover of 6.5% on the previous year. Even accounting for the 1.1% growth in just UK based factoring and invoice discounting clients amongst the ABFA's membership that still leaves volume growth of...

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    ABFA Invoice Finance Client Numbers Grow

    At last! the latest figures (March 2012) from the ABFA (Asset Based Finance Association), the invoice finance industry body, show an increase in the number of invoice finance (factoring & invoice discounting) clients by 1.8% (excluding Import Factoring, Stock and ABL) over the course of the previous year. Futhermore, the number of clients (all clients) gained in the quarter was 493 higher than...

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    Beat Any Quote By 10%

    There are still invoice finance companies in the market that are prepared to be bold and have said to us that they will look to beat any quote that our clients have by 10% for quality deals! So if you are cost concious and looking to save some money that could be the deal that you are looking for - if so just contact us and the team will do the rest....

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    Single Fee Factoring, No Minimums, Short Termination Period

    The following link is to a new case study that we have just added to the site.It conerns a client, a small manufacturing business, that were recently able to assist by finding them a factoring facility with a single fee, no minimum fees and a short termination period....

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    UK Invoice Finance Research Group Passes 400+ Members

    Yet again the UK Invoice Finance Research Group on Linkedin.com has passed another milestone and added another hundred plus members to its ranks. We have broken the 400 member mark, currently having 401 members.The members are all from within the factoring and invoice discounting industry or other professions closely associated with it.If you would like to join the group there is a link in the...

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    Government Report

    The UK Government have just published a March 2012 report - Boosting Finance Options for Business, which strongly supports the role of invoice finance (factoring and invoice discounting) as part of the funding solution for UK businesses. Tim Breedon, CEO of Legal and General and Chairman of the Association of British Insurers, was asked by Vince Cable, Secretary of State for Business, Innovation...

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    54% of Businesses Would Prefer Factoring Over Invoice Discounting

    Do businesses prefer factoring or invoice discounting? Common consensus of opinion around the industry would seem to be that businesses generally want invoice discounting and that factoring is not their preference. We put this to the test in a recent market research study. We spoke to 100 randomly selected SME businesses (only 3 used some form of invoice finance already) and we asked them:"If you...

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    Annual Growth In ABFA Client Numbers Masks Quarterly Reduction

    The latest statistics and figures from the ABFA (Asset Based Finance Association) for the quarter ending December 2011 show total advances against pure invoice finance against debt growing by some 7% over the year. Over the year domestic and export factoring and invoice discounting client numbers across the ABFA have also ticked up by 270 clients equivalent to c. 0.7% growth. Unfortunately, the...

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    Earn Money By Linking To Our Site

    We have launched an Affiliate Web Marketing Scheme whereby anyone with a web site can earn money by having a link to our site....

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    How To Get Out Of Factoring In 10 Steps

    Factoring helps thousands of businesses and we have many clients that are very happy using factoring facilities. However, we were recently contacted by a business that wanted to know how to get our of factoring as they were not happy with the facility they had from their factoring company. Therefore, to service this small niche we devised the following guidance notes for businesses that want to...

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    Venture Finance Rebrands As ABN AMRO Commercial Finance

    Venture Finance, a long established and highly reputable factoring and invoice discounting company, has rebranded their business as ABN AMRO Commercial Finance. Its sad to see such a well known and respected brand as Venture Finance disappear from the invoice finance market but the rebranding exercise clearly aligns the factoring and invoice discounting arm of their business with the overall...

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    54% of Factoring & Invoice Discounting Users Think Businesses Use Overdraft Because They Don't Know About Invoice Finance

    We surveyed a sample of businesses (84) that use various forms of invoice finance such as factoring and invoice discounting and we asked them why they thought more businesses use overdraft than invoice finance. These were the answers that they gave: ...

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    54% Of Businesses Think Factoring Improves Speed Of Debtor Payments

    Around this time of year payment delays can occur and many businesses are experiencing a slow down in their cash flow. Factoring can help improve cash flow by making available immediate payments against invoices and by providing a credit control service.In some cases clients are cautious about using an outsourced credit control service as they are worried about whether it will affect their...

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    37% of Businesses Prefer Selective Invoice Finance

    With the emergence of a number of selective invoice finance facilities over recent years we wanted to find out what the market demand was for these types of facilities. Therefore we asked 100 randomly selected SMEs (very few were invoice finance users) the following question:"Would you expect businesses using invoice finance to prefer to receive funding against all their invoices or only invoices...

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    Single Debtor Funding With Adverse & Negative Credit History

    Often it can be difficult to access funding and finance where there is a history of adverse or negative credit history surrounding a business or its directors. We have funding partners who are able to overcome that issue by focusing on the quality of the underlying invoices rather than the credit standing of the directors and the client company.In some cases a business in this position may only...

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    Competition Amongst Factoring & Invoice Discounting Companies On Prices Increases

    We have noticed an increase in the level of competition regarding quoting for factoring and invoice discounting between factoring & invoice discounting companies over recent months.Over the last couple of years, following some of the fallout from the credit crunch, there was a marked decrease in the appetite of invoice finance companies to quote more competitive rates. However, this seems to be...

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    Updated UK Invoice Finance Research Summary Paper Part 2

    Please feel free to download a copy of our latest invoice finance related research summary paper. This is the second in a series of summaries and it follows on from the previous one that we published:Invoice Finance Research Summary Part 2It summarises the results of our research findings over the last few months regarding invoice finance, factoring & invoice discounting. Please feel free to...

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    FSB Support for Business Growth - But Where Is Invoice Finance?

    Members of the FSB (Federation of Small Businesses) receive the East Sussex Voice of Business publication. In the May/June 2011 publication on page 8 it mentions "Products to Support Business Growth". Invoice finance, factoring and invoice discounting would seem key to this. The article provides a link to a PDF:...

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    200+ Members Join UK Invoice Finance Research Group

    The membership of the UK Invoice Finance Group on Linkedin.com has broken through the 200+ barrier. Not bad when you consider that is equivalent to the entire staff of a mid-sized factoring company, and there are probably no more than a maximum of c. 90 factoring companies in the UK in total.To join our free invoice finance discussion group go to:...

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    25% Of SMEs Think Accountants Are The Key To Invoice Finance Growth

    I have been continuing to dissect the results of our survey question to SMEs when we asked what they thought the invoice finance industry should do to better promote itself as a cash flow solution.The top answer (27% of respondents) as previously reported was that "Banks advertising" the products was the most popular methodology however a very close second answer was "Promotion by Accountants"...

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    Invoice Finance Should Be The Natural Choice For Problems Raising Business Finance

    Invoice finance, such as factoring & invoice discounting, should be the natural choice for businesses that are anticipating problems raising business finance for their businesses. However, our research suggests that many businesses still anticipate problems raising business finance despite invoice finance being freely available.Of the 59% of businesses that said they were anticipating problems...

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    Funding At 1% Over Base Rate For First 3 Months

    We have a new factoring offer which is currently available from one of our funding partners that is available to any qualifying buisnesses that contact us. It is funding at 1% over base rate for the first 3 months of a factoring facility with our partner, on a contract that runs for 3 months. Contact us for the full terms, conditions and qualifying criteria.This is good news for factoring users...

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    SMEs Anticipate Fewer Problems Raising Business Finance in 2011

    One of our research questions to a sample of 100 SMEs was: "Do you anticipate any problems raising business finance in 2011?". Their responses were as follows:This suggests that SMEs are expecting fewer problems raising finance in 2011 than in the previous year although it also highlights a concerning fact - 59% of SMEs still anticipate problems raising that business finance. This is where...

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    List of "pet hates" regarding invoice finance, factoring & invoice discounting (excluding cost)

    We interviewed a sample of 100 SMEs and asked them to set aside any issues about cost and tell us what they disliked about invoice finance (factoring & invoice discounting) - their "pet hates". The purpose was to set out a list of issues that the individual providers might like to consider addressing. Whilst the list reflects their opinions and issues, it is clear that there are facilities on the...

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    Factoring Overcomes Bank Overdraft & Loan Restrictions

    This is a recent deal that we have just completed for a printing business that went to a bank for an overdraft/loan but found it to be restrictive and were given factoring which they found expensive. We were able to find them an alternative factoring deal that provided the funding flexiblity they needed but also saved them 50% on the service charge cost that they had been been paying.This is an...

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    6 Months Free Bad Debt Protection Now Available

    One of our funding partners has just announced that they are offering clients that commence with them prior to 31st July 2011 free bad debt protection for the first 6 months of a factoring or invoice discounting facility.The only conditions are that no one debtor must exceed 40%, exports must be 25% or less and the minimum contract period must be 18 months with 6 months notice of...

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    Audits Not Liked By Invoice Finance Prospects

    Putting aside costs, "funding limits" were the biggest pet hate amongst invoice finance prospects within the SME. The second most common response was "audit". The audit is a visit by the factoring or more commonly the invoice discounting company in order to go through the records of the invoice finance using company. The purpose of the audit visit is to better control the risk of the invoice...

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    Funding Limits The Biggest Invoice Finance Pet Hate

    We asked a sample of 100 SMEs businesses to put aside cost as an issue with invoice finance (such as factoring & invoice discounting) and asked them what else they hated about the existing invoice finance offerings on the market.The top answer was "funding limits" which was stated by 20% of the respondents.Not all factors work in the same way regarding funding limits....

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    Commercial Finance People Were Kind Enough To Say . . .

    Prue Heron of Commercial Finance People, the publishers of the ENewsletter Commercial Finance Today was kind enough to give the following testimonial in respect of the articles that I have written for Commercial Finance Today:'Glenn has been submitting articles for our monthly ENewsletter ?Commercial Finance Today? for some time now and we are delighted to report that our statistics show that his...

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    31% of SMEs Think "Flexibility" of Funding Is Missing From the Invoice Finance Market

    We surveyed 100 SMEs and asked them:"What is missing from the invoice finance market?"The top answer from 31% of the repondents "flexibility". They went on to explain that this related to flexibility of funding from factoring and invoice discounting facilities. An interesting result as many invoice finance companies pride themselves on being flexible regarding funding - especially when compared...

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    150 Members Join UK Invoice Finance Research Group

    We are up to 150 members! The UK Invoice Finance Group on Linkedin.com has continued to grow and we have now reached 150 members.The UK Invoice Finance Research Group is intended to enable the sharing of research relevant to invoice finance, factoring, invoice discounting and related subjects to aid in the expansion of the UK invoice finance market....

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    68% Of SMEs Think Invoice Finance Is Overpriced

    We surveyed 100 SMEs regarding their thoughts about invoice finance pricing. We asked them:Do you think that invoice finance is overpriced, underpriced or priced about right?The results were as follows:68% thought invoice finance was overpriced32% thought invoice finance was priced about right. . . and none of the respondents thought that invoice finance was underpriced.Clearly this indicates...

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    Invoice Finance Factoring & Invoice Discounting Market Research Summary Published

    I have produced an summary of all the invoice finance, factoring and invoice discounting market research results that we have conducted so that all the results, that have been published on this blog and via the UK Invoice Finance Research group (on Linkedin.com).Please feel free to reuse the content providing you credit me as the source - and a link back to this site is always appreciated! :o)...

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    UK Invoice Finance Research Group on Linkedin Is Now Open On Linkedin.com

    The UK Invoice Finance Research Group that I run on Linkedin.com is now an open group so all newly posted content will be searchable on the web and shareable via the social networking sites e.g. Facebook, Twitter etc.You can find it at: http://www.linkedin.com/groups/UK-Invoice-Finance-Research-3323843?mostPopular=&gid=3323843The UK Invoice Finance Research Group is intended to enable the sharing...

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    6 Ways to Reduce Your Factoring or Invoice Discounting Costs

    I have published a new article on the site - 6 Ways to Reduce Your Factoring or Invoice Discounting Costs which describes a number of ways of reducing your invoice finance costs through changing products or renegotiating terms....

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    Detailed Breakdown Of Cost Of Invoice Discounting Estimate Expectations

    Following on from my previous post about factoring costs, below are the details of our research results into what percentage of turnover customers expect to pay for invoice discounting (their estimates of the costs) are as follows:The most noticable thing that jumps out from these numbers is that every respondent estimate the cost of invoice discounting to be half the cost of factoring. This may...

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    Detailed Breakdown Of Cost Of Factoring Estimate Expectations

    The details of our research results into what percentage of turnover customers expect to pay for factoring (their estimates of the costs) are as follows:The actual cost will vary between businesses but the majority of respondents have estimated the cost of factoring to be 5% or more, which may be an over estimate in many cases. The only way to know for sure is to get some factoring quotations...

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    Factoring & Invoice Discounting ABFA Market Expands

    For some time the market as reported in the ABFA quarterly statistics has reduced in client numbers but the last quarters figures to September 2010 show growth once again (albeit small) as the market starts to expand.Although the gain was small, 43 clients net increase over the quarter across the ABFA membership, in the last year there has been a 10.8% increase in the value of sales transacted by...

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    SMEs Often Over Estimate And Expect To Pay 4% Of Turnover For Factoring

    In order to better understand client's expectations regarding the price of factoring we questioned a random sample of 100 SMEs about the cost of factoring. We asked them what percentage of their turnover they would expect to pay for factoring. The average value they gave was 3.93% i.e. a fraction under 4%.In some cases though the price of factoring can be way below this estimate, maybe between 1...

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    New Factoring, Invoice Discounting & Invoice Finance Articles

    There are a number of new articles about factoring, invoice discounting and invoice finance that have now been added to our main site:...

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    Why 56% Of SMEs Prefer An Independent Invoice Finance Company

    When we spoke to a sample of SMEs we were told that 56% of them would prefer to use an independent invoice finance company rather than a bank owned company for their factoring or invoice discounting facilities. These are the reasons they gave for that choice:...

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    82% Of Suitable Invoice Finance Prospects Not Contacted By Invoice Finance Companies

    We selected a sample of target invoice finance prospects and asked them which invoice finance (factoring & invoice discounting) companies had contacted them over the last year in order to promote their invoice finance services.82% of businesses said they hadn't been contacted by any invoice finance companies! It is further evidence that there is a need for more promotional activity within the...

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    No Minimum Base Rate For Invoice Finance & 28 Days Notice Of Termination

    Please see the news article below for details of a recent offer available exclusively from one of it's invoice finance providers. The offer gives our clients no minimum base rate or LIBOR rate and short notice of termination periods with the chance to terminate with just 28 days notice of termination during the first 6 months of using the facility....

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    HMRC Time To Pay Arrangements Value Halves & Refusals Double

    Research results published by Business Money suggest that the value of HMRC Time To Pay arrangements for outstanding tax payment has halved in value over the last year whilst the number of refusals to join the scheme has doubled.If you have been refused a Time To Pay arrangement the funding to pay your outstanding tax can often be raised through invoice finance, factoring or invoice discounting....

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    7% Of SME Businesses Have Business Loans

    In our recent survey we asked a group of 100 SME businesses if they had a business loan. 7% said that they did so 93% don't have a business loan. An interesting contrast to the 88% that said they had an overdraft. This places overdraft as a more widely used form of finance than business loans.This is much higher than the percentage that use invoice finance, factoring and invoice discounting (less...

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    Comparing Overdraft Funding Levels to Invoice Finance, Invoice Discounting & Factoring

    For some time we have been seeking figures that will demonstrate statistically the increased levels of funding that invoice finance, factoring and invoice discounting release over and above that which is available through traditional bank overdraft lending facilities.We conducted some research amongst SME (Small and Medium Sized Businesses) and we asked them firstly if they had an overdraft and...

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    How To Get Out Of A Factoring Arrangement

    In many of the cases that we deal with factoring is seen by our client as an excellent solution for their business, the provision of cash flow through early payments against outstanding invoices and the included credit control debt collection support that is part of the factoring arrangement can be huge benefits.However, in some cases we deal with clients that are using factoring but want to know...

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    Ultimate Finance Acquire Ashley Commercial Finance

    Numerous reports today that Ultimate Finance have completed their acquisition of Ashley Commercial Finance apparently for 4.75m initially with a further payment of £2.7m if certain financial targets are met.Both are invoice finance companies but Ashely Commercial Finance target smaller businesses.Reports are that the two brands will continue to co-exist so it will be interesting to see how this...

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    100% of Clients Surveyed Would Recommend Us

    In a survey that was conducted amongst our clients 100% of those asked said that they would recommend our search service for invoice finance, factoring and invoice discounting quotations.I was just reading a piece of research on behalf of the ABFA in conjunction with YouGov that found that 82% of existing users of factoring and invoice discounting would recommend it to other businesses as a form...

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    Supply Chain Finance & Reverse Factoring Article

    I have just written a new article for the main site "Supply Chain Finance & Reverse Factoring" that explains how it works, the benefits to suppliers and buyers and the types of businesses that might be eligible.Supply Chain Finance or Reverse Factoring are very attractive, cost effective concepts for businesses that are involved in the supply chains to huge businesses e.g. retailers, supermarkets...

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    Factoring Finance Launched for IT Industry (Information Technology)

    One of our funding partners has launched an innovative specialist factoring finance facility for IT (Information Technology) related businesses.This gives businesses in the IT sector access to funding that might not have been otherwise available. Funding can be provided against staged invoices, servicing, maintenance contracts, software development & integration and complex contractual IT...

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    The Funding Alternative If Refused An Overdraft

    We are talking to a business that has been turned down and refused an overdraft by one of the high street banks as the business does not have any assets the bank will consider as security for an overdraft.This is a typical example of a small business that is not yet asset rich but still needs working capital to bridge the gap between the time that they invoice and the time that they get...

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    Research Results Posted to Linkedin UK Invoice Finance Research Group

    The UK Invoice Finance Research group on Linkedin now has 46 members and I have already posted up some of the research that we have conducted into the UK market. More research results will follow together with new studies that we are undertaking at present.Please visit www.linkedin.com sign up to Linkedin and then join the UK Invoice Finance Research group which is open to anyone with an interest...

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    VAT Arrears Repayment Pressure Rises Amongst Prospects

    We have noticed a number of new prospects recently mentioning pressure from the HMRC for the repayment of outstanding VAT arrears as the reason for seeking factoring or invoice discounting. In addition, half of those that mentioned VAT arrears also said that they had received a letter from HMRC advising them of their intention to visit and verify their VAT returns....

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    Factoring Service Charges From Just £2,000 Per Annum

    We are always on the lookout for the best factoring deals for our clients. The "best deal" doesn't always mean the cheapest rates but in some cases that is the primary criteria by which a prospective client wants to compare factoring companies and offers.We have just established a relationship with a new factoring partner that is able to offer a small business a factoring facility with a...

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    Cash Flow Is The Second Biggest Issue Facing SME Businesses

    In my previous post I mentioned that 49% of SMEs said that the biggest issue facing their business over the course of the next year was having insufficient cash.A further 22% of respondents, the joint second largest category, said that "cash flow" was the biggest issue facing their business over the next year.This means that when combined, 71% of SME businesses see the biggest issue for their...

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    Updating the List of Factoring Companies in the UK

    I was just in the process of updating the list of factoring companies in the UK on the site and was struck by the number of acquisitions that have taken place over the last few years and the number of new entrants to the market.You can see our List of UK Factoring Companies on the main site....

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    List Of The Best Known Factoring Companies

    As part of our recent research into the factoring market, we asked 100 SME businesses to name the first invoice finance company that they could name. From their responses we compiled the following list of the best known factoring companies:...

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    Factoring Options For Small Businesses At Last

    It has been several years since there have been many factoring facilities available to the smallest businesses, for example turning over less than £100,000 per annum, after several factors pulled out of the sector. Many factors have said that they will still support small businesses but they impose such high minimum fees that it prohibits them in practice.The market seems to be changing at last....

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    0% Over Base Rate Funding Gets Most Interest

    When we send out the monthly factoring newsletter we track the number of people that click through on each article. Last month's email newsletter ran 3 different articles and it was the article about funding at 0% over base rate that got the most interest and hence click throughs from interested customers - not unsurprising that people are interested in a cheap deal!...

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    Aston Rothbury & Davenhams

    There has been comment in various media over the last few days regarding a couple of factoring companies namely Aston Rothbury and Davenhams.Firstly it has been reported that Aston Rothbury have entered administration and now there are also reports that Davenham's have ceased to write new business and started to collect in their outstanding loan book.Both these companies previously occupied...

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    Factoring Newsletter - 0% Over Base Funding Offer

    We have just sent out our latest invoice finance newsletter which includes details of a funding offer at 0% over base rate, trade finance for small transactions and figures that support the fact that businesses using invoice finance tend to outperform non users in terms of business growth....

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    80% Of Businesses Have Not Seen Invoice Finance Advertising

    As part of our continued investigation into the low numbers of businesses using invoice finance we asked a sample of 100 SMEs (Small and Medium Sized Businesses) if they had seen any advertising for invoice finance over the course of the last year.A staggering 80% of businesses had seen absolutely no invoice finance advertising whatsoever!...

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    SMEs Unanimously Think Invoice Finance Improves Customer's Cash Flow

    Our invoice finance research results are now available and I will post them to the blog over the next few days.This time the researchers spoke to 100 SMEs (Small and Medium Sized Enterprises) and asked them a variety of questions around their views, attitudes, perceptions and expectations regarding invoice finance. This has yielded some fascinating results.One question we asked was "If a customer...

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    Factoring Research Results Available Tomorrow

    The next set of factoring and invoice discounting related research is going to be available tomorrow so I will start posting some more results.This time the research questions were focused around attitudes and expectations regarding factoring, invoice discounting and invoice finance....

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    Asset Based Finance Association (ABFA) Q1 2010 Figures Published

    The latest set of invoice finance industry statistics from the Asset Based Finance Association (ABFA) for Q1 2010 have been published on their website.They show growth of 8% in client's sales volumes in the year to date against the previous year but they also show a decrease of just over 7% in the number of actual clients using invoice finance (now 41,275) as the number of clients lost has...

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    Newsletter - 3K Saving, Construction Finance & Selective Invoice Discounting

    The latest invoice finance newsletter is now available.It includes details of the 3K factoring facility that we have been promoting, finance for businesses within the construction sector and selective invoice discounting without any minimum charges....

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    Factoring or Invoice Discounting Funding At 0% Over Base Rate

    We have just been given first notification of a funding offer from one of our partners. They are offering new customers funding at 0% over base rate for the first 3 months of their factoring or invoice discounting facility.The offer is available for funding lines of up to £1,000,000 so a business using the full £1,000,000 that was currently paying, for example, 3% over base would save £7,500...

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    ABFA (Asset Based Financing Association) Annual Dinner Tonight

    Tonight it's the annual dinner organised by the ABFA (Asset Based Financing Association), the key industry organisation for factoring and invoice discounting companies. So I will see anyone that is going there!...

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    Trade Finance For Small Transactions

    I spent my initial working years in trade finance dealing with large volume imports of just about any product you can imagine from outside the UK. The trade finance company provided the funding to the importer via services such as setting up letters of credit for payment of their overseas suppliers which could be based all over the world including europe, africa, north america, south america,...

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    Tough Measures Ahead To Balance The UKs Budget

    Now the the UK has the stability of a Conservative Liberal Democrat coalition government in place the role of the new government has turned to taking action to sort out the disasterous state of the UK's finances. This will undoubtedly mean tough measures to balance the public finance. There has already been talk of a hike in VAT from 17.5% up to 20%. This will boost revenue to the exchequer but...

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    May 2010 Invoice Finance Newsletter Brief Written

    The brief for our May 2010 invoice finance newsletter has been written. This months newsletter includes a case study of a quotation for £3K per annum factoring, an article about construction finance and details of selective invoice discounting for small businesses....

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    Invoice Discounting Masquerading As Factoring

    Recently, we have spoken to several businesses who have had lukewarm opinions of factoring generally due to the existing service that they are using failing to assist them in collecting their outstanding sales invoices - credit control. What appears to be happening is that some invoice finance companies are offering an invoice discounting facility under the banner of a factoring offering.In order...

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    3K Factoring Case Study Published

    We have just published a case study showing how we found a quotation for a client for a factoring facility at a £3,000 per annum service charge during April 2010 that will deliver them a substantial factoring cost saving....

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    Construction Factoring Finance

    Construction Factoring Finance can enable businesses in the construction sector to raise up to 70% funding against their outstanding sales invoices, with the balance paid (less charges) when the customer pays.Businesses with a CIS UTR number, those that make uncertified applications for payment and businesses that are involved with stage payments can all be eligible for funding using this unique...

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    A List Of My Articles Published By Ezine Articles

    Below is a link to a list of cash flow and invoice finance related articles that I have written and have been published by ezinearticles.com :They include the following articles:- Why Do So Few UK Businesses use Invoice Finance?- 7 Ways to Increase Business Cash Flow Over Holiday Periods- Benefits of Factoring Over an Overdraft- How to Get Factoring For Free- Avoiding the Pitfalls of Entering...

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    Selective Invoice Discounting - Select The Invoices You Want Cash Against

    Selective invoice discounting has been available in some industry sectors for a long time but one of our invoice finance partners has recently launched a selective invoice discounting service which is available to small businesses within a wide range of different industry sectors.Selective invoice discounting allows the business using the facility to pick and choose which invoices they want to...

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    Latest Invoice Factoring Newsletter Brief Written - Cheap Factoring, Selective Invoice Discounting & Export Factoring

    Our latest factoring newsletter brief is complete! The April issue of our factoring newsletter includes a number of product updates including: factoring for just £3,000 service charge per annum, selective invoice discounting and an export invoice discounting product that can support worldwide exporters on a global scale....

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    A Big Misconception About Some Business Finance Brokers

    In our recent survey of 100 SMEs we asked them what they thought was the biggest reason for not using a business finance broker.100% of respondents said due to "cost".The irony is that many finance brokerage services, such as ours, cost our clients nothing to use! We make no charges to our client and only receive a small commission from the finance provider if the deal is successful. In most...

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    Cheap Factoring for Small Businesses

    In our recent survey of 100 SMEs we asked them what they thought was the biggest reason for not using a business finance broker.100% of respondents said due to "cost".The irony is that many finance brokerage services, such as ours, cost our clients nothing to use! We make no charges to our client and only receive a small commission from the finance provider if the deal is successful. In most...

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    Recourse Factoring For Less Than £3,000 Annual Service Charge

    Good news for small businesses, there are still recourse factoring deals on the market, offered by our partners, with minimum annual service charges of £3,000 or less. This includes a release of cash from outstanding invoices and a comprehensive collections (credit control) service. If you want to reduce your recourse factoring service charge this might help....

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    How Many Factoring Price Quotes Do You Need?

    Prospective clients are often unsure about how many factoring price quotes they should get before they have enought to make a decision. I have put together an article that takes a logical approach to how many quotations you should seek in order to make an informed choice and decision....

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    Factoring Newsletter Brief Completed!

    I have just finished writing the brief for the latest factoring newsletter.This issue will include details of the factoring quote where we were able to offer the prospect a cost saving of 50% of the total cost, information about avoiding minimum discount charge base rates and some more findings from our invoice finance research.The factoring newsletter is free and you can subscribe using the link...

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    ABFA Launch Invoice Finance Presentation

    The ABFA (Asset Based Finance Association), the industry body for invoice finance companies has just launched a presentation format explanation of invoice finance, factoring and invoice discounting.The presentation addresses how different invoice finance products work, the amount of finance you could raise that how the costs work.You can view the presentation at:...

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    More Details Of That 50% Invoice Finance Cost Saving

    Yesterday I mentioned that we had managed to find one prospect an invoice finance deal that would save them 50% of their current costs, today I have more details of that cost saving case study.The prospect was a small wine supplier that had a recourse factoring deal from a bank owned factoring company.They were paying a combined service charge and discount charge of over £12,000 per annum in...

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    50% Cost Saving For Invoice Finance Client

    We have just completed a quotation search for invoice finance for one client and found them a 50% cost saving on their existing fees! Not bad for a free service!A regular issue that we are finding with prospective clients at the moment is that they are paying discount charge over a minimum bank base rate rather than at actual base rate. Whilst base rate is currently only 0.5% some prospects are...

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    An Insider's Guide to Invoice Finance, Factoring & Invoice Discounting

    I am currently writing a free ebook called "An Insider's Guide to Invoice Finance, Factoring & Invoice Discounting" to be published soon.It will contain full explanations of all the different invoice financing products and tips and advice about avoiding the pitfalls and common issues that arise when using invoice finance.I am also including detailed information about how different factors work,...

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    Cost of Business Finance Rises

    86% of SMEs (Small and Medium Sized Businesses) that we spoke to said that they thought that the cost of business finance had increased over the last year.The remaining 14% thought that costs had stayed the same - interestingly noone thought that the cost of business finance had decreased.Despite this our free search service for invoice finance quotations has continued to be able to cut the cost...

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    February 2010 Invoice Finance Newsletter Published

    Our February 2010 free invoice finance newsletter is now available.It details some of the results from our recent survey of SMEs about their views on the outlook for the UK economy and their attitudes towards invoice finance. It also contains reference to one of the Dragons from Dragon's Den using receivables financing to support the acquisition of a buisness....

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    February Invoice Finance Newsletter Published

    Our latest invoice finance newsletter for February 2010 has now been published.It contains some of the results of our recent survey of UK SMEs that shows businesses are optimistic about the future and it has information about a receivables financing deal put in place to support a business being purchased by one of the Dragons from the TV show Dragon's Den....

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    The Reasons Why So Few UK Businesses Use Invoice Finance

    I have just published an article on our site that explains the results of our research into the reasons why so few UK businesses use invoice finance.It explains that there are 4 main reasons, cost, not being aware of the products, prefering overdraft and loans and a fear that using invoice finance will somehow affect their reputation.My article takes each one of those concerns in turn and...

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    Reasons Not To Use Invoice Finance

    I am currently putting together an article that analyses the feedback given to us by SMEs about why they think so few businesses use invoice finance in the UK.The article and my analysis of the reasons not to use invoice finance will be published shortly....

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    Underselling Invoice Discounting Benefits

    I have just had a meeting with an invoice discounting company who wanted to give us a demonstration of how their product and supporting system works. Fantastic system, plenty of benefits for the client such as minimal administrative workload, no month-end reconciliation, no retentions for recourse being held until the end of the month, but the discounter just isn't promoting the benefits in a...

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    Invoice Finance - A Well Kept Secret

    In our survey, we asked the SMEs that we interviewed why they thought that so few UK businesses used invoice finance. The Asset Based Finance Association?s figure for the total number of businesses currently using factoring and invoice discounting, via their membership (*see below for a list of contributors to these ABFA figures), in the UK as at September 2009, was just 42,983.31% of respondents...

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    Has Factoring Been Mis-sold?

    It is curious how many businesses we speak to are focused on going down the invoice discounting route (no credit control service) rather than using factoring (which includes a credit control service) as they don't believe that outsourcing their credit control function can be translated into a financial benefit. In many cases these businesses have already used a factoring service from certain...

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    Average SME Spends 80 Hours Chasing Invoices Each Month

    We asked 100 SMEs how much time they spent on credit control each month (assuming 7 working hours each day and 22 working days in the average month) and on average they said that they spent 80 hours each month chasing debtors for unpaid invoices.That's equivalent to almost 11.5 working days each month and equates to 52% of one employees time.I just looked up the average salary of a credit control...

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    Cost of Business Finance Increases?

    More from our recent market survey of 100 SME's regarding Business Climate in the UK and Invoice Finance. We asked them if they thought that the cost of business finance generally has changed over the last year.86% of SMEs thought that business finance was more expensive and 14% thought it had stayed the same. Not one out of 100 businesses thought it had decreased!Fortunately some of our clients...

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    Availability of Finance Decreases

    In our recent market survey of 100 SME's we asked them how they thought the availability of finance had changed over the last year.100% of respondents thought that the availability of finance has decreased.It is striking that all 100 respondents shared the same view.Despite this, there are finance companies out there that are hungry for business. We were speaking to one company just last week...

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    More Market Research Results

    In our market survey of 100 SME's we asked them how the time taken by customers to pay sales invoices had changed over the last year.66% of respondents thought the time taken to get sales invoices paid had increased.Of these respondents only 1 had ever used an invoice finance facility. Factoring companies can often achieve a much improved debt turn for their clients i.e. chasing in payments...

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    Business Climate & Invoice Finance Market Survey Completed

    Our recent piece of research the Business Climate & Invoice Finance Market Survey has now been completed and the results are ready to be published from tomorrow onwards. The research involved a telephone interview with 100 diverse SME's (small and medium sized enterprises) - some of which used invoice finance and some of which didn't. The questions that we asked related to the current Business...

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    If Receivables Financing is Good Enough for a Dragon from the Den . . .

    Just came across a link to an article in Trade Finance which mentioned that James Caan's private equity firm apparently used a receivables financing package as part of the funding to fund a recent acquisition. It's good news for our industry that James Caan, one of the dragons from Dragon's Den is prepared to use receivables finance - perhaps it will encourage others to take up these lesser known...

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    Business Climate & Invoice Finance Market Survey Nearly Finished

    Our Business Climate & Invoice Finance Market Survey is nearly finished. We should have it finished by the end of today and be in a position to start publishing the results of the research from next week....

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    Invoice Finance Predictions for 2010 Continued . . .

    Yesterday I posted my first 3 predictions for 2010. Below are 2 more predictions for the invoice finance market during 2010:...

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    Debt Factoring Predictions for 2010

    As we enter 2010 it seems a good time to think about what is likely to change in the debt factoring and invoice discounting markets during the course of the year.Recent reports suggest that there has been a very modest uplift in the economy - 0.1% growth - hardly impressive by any standards, but possibly an end to the recession. It remains to be seen how much growth will be achieved in the next...

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    Top 5 Factoring Companies

    I was reading in a factoring blog recently that someone had apparently posted the question "which are the top 5 factoring companies ?" and the blogger proceeded to state various web sites that would be able to give the prospect a list of the top 5 factoring companies.The issue is that you cannot say that any 5 particular factoring companies are "top" in every case. Which factoring companies are...

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    Why Are The Credit Control Benefits of Debtor Factoring Overlooked?

    I have been looking around the blogosphere and have been surprised at the number of times that industry commentators focus only on the finance related benefits of debtor factoring without considering and mentioning the benefit of having a credit control service included in the price.An integral part of debtor factoring is that the factoring company takes on the task of collecting the outstanding...

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    January 2010 Invoice Finance Newsletter Published

    Please feel free to read our free January 2010 Invoice Finance newsletter that includes information and advice about factoring, invoice discounting and improving business cash flow....

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    Size Of The Factoring & Invoice Discounting Market

    Following on from my previous posts about the Factoring & Invoice Discounting market being far from the point of saturation we ran some counts today to see how big the potential size of the market in the UK is.Dun & Bradstreet's Marketplace of UK Businesses lists 5,857,600 records for businesses in the UK. We selected from that list only businesses that had a turnover in excess of £200,000 per...

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    Factoring Market Saturation?

    I have just been reading an article written by an industry broker about the factoring and invoice discounting markets reaching the point of "saturation".Wikipedia defines "market saturation" as the point at which a product has become diffused (distributed) within a market and it gives the example of refrigerators being present in 97% of homes - a saturated market.According to the September 2009...

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    New Invoice Finance & Business Climate Trends Survey Launched

    I have just completed the design and launch of our new Invoice Finance & Business Trends Survey which seeks to find out business people's attitudes to the current business climate, the economy, business finance and invoice finance.It is based on the short survey that I announced on the blog a few days ago but incoporates further questions that will be asked of business leaders by telephone...

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    7 Ways to Increase Cash Flow Over Holiday Periods

    Following the inevitable slow down in customer payments over Christmas and New Year, we have just published an article on the site which sets out 7 Simple Ways to Increase Cash Flow Over Holiday Periods....

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    Overdraft Compared With Factoring Calculator Released

    We have just released our latest free calculator that compares the costs and benefits of using bank overdraft with those of using factoring....

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    Calculator Comparing Overdraft Costs with Factoring

    The Factoring Cost Savings Calculator we put up that showed the cost benefits that could be achieved by using Factoring and offsetting the costs against the savings that could be made in terms of credit control staff and supplier discounts - has proved popular and has already been viewed a number of times by visitors to our site.We are now working on a similar calculator that will compare those...

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    Factoring Cost Savings Calculator Released

    Factoring clients often focus just on the cost of the facility without considering the cost savings that are possible. We have just put together a new Factoring Cost Savings Calculator which can be downloaded in Excel 2003.It allows users to enter their business' details and find out how much they might save through using a factoring facility....

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    Cattles Invoice Finance relaunched as Absolute Invoice Finance

    It has been reported that Cattles plc have now completed the sale of their invoice financing arm, Cattles Invoice Finance to AnaCap Financial Partners. This puts an end to all the speculation about Cattles Invoice Finance and puts them in a superb position to drive their business forward, under their new brand which is Absolute Invoice Finance....

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    Is It Time for a Code of Practice for Invoice Finance Companies?

    A recent issue with a client of a bank owned factoring company led me to investigate the existence of any code of practice, either compulsory or voluntary, that would govern the actions of the invoice finance company and potentially assist the client if it was not being followed.However, there seems to be no published code of conduct available against which an invoice finance provider's actions...

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    Cattles Invoice Finance Sale Agreed

    Recent reports are that Cattles plc have now agreed terms with AnaCap Financial Partners for the conditional sale of Cattle's invoice financing arm, Cattles Invoice Finance. This could be good news for Cattles Invoice Finance as it puts an end to months of speculation about the disposal of their factoring and invoice discounting arm and the uncertainety that has resulted....

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    Online Monitoring of Debt Collection

    One of the providers that we deal with that supply debt collection services, in respect of businesses or consumers that have unpaid invoices, recently demonstrated their automated debt collection system to us. It allows you to see exactly what is going on regarding the collection of your outstanding invoices, via their online interface, and if the debtor raises any kind of dispute the software...

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    Latest ABFA Factoring & Invoice Discounting Statistics

    The latest Asset Based Finance Association (ABFA) statistics have been published for Q1 2009.They show reductions in the amount of funds provided and contractions in client turnover but they also show a reduction of c. 3% in the actual number of clients across the members.The invoice finance market is tough but we are still seeing growth in our own client book, indeed having recently had our best...

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    Is Cheap Factoring Always Best Factoring?

    It is interesting to note that we have had a number of enquries recently from businesses who already use factoring and are looking to change providers but NOT in order to save on cost. What we have noticed about some of these recent factoring enquiries is that they are driven by a need for an improvement in service levels rather than costs, specifically around the collection of debts.Going back a...

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    Debt Collection and Debt Recovery

    We have had an increasing number of requests through the invoice finance brokerage for debt collection and debt recovery services. In response to this we now have a reputable provider that are able to provide a "no win no fee" service in respect of old unpaid sales invoices or even single invoices....

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    How to Maximise Your Chances of Getting Factoring

    We have just published an article that sets out our top 10 tips to maximise your chances of getting a factoring facility.It covers issues such as:...

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    Not the Time to Shop Around for a Factoring Deal?

    We had a factoring prospect over the last few days that was convinced that it was not the right time to shop around for a factoring deal due to the recession. The opposite is true. OK, the factoring industry is a little more careful risk wise and prices are not as low as they were but there are still excellent deals to be had if you are prepared to shop around.We have found prospects quotes with...

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    Confidential Factoring and Invoice Discounting

    Recently we have been in contact with a small printing business that have been considering factoring (to release the cash tied up in their invoices for working capital) but they are concerned about any adverse effects if their customers were aware that they were using an invoice factoring service.There are a number of solutions available. "Confidential Invoice Discounting" could be the answer if...

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    Dawn of the "Era of No Money"

    An interesting post in the Times Online today "Welcome to the era of no money".It seems like at last the inevitable for our economy has become apparent, the "consumer spending era" cannot continue indefinitely (surprise, surprise!) despite the current desperate attempts to spend our way out of recession.The high levels of consumer spending that have fuelled our economy have been supported by the...

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    Minimum Service Standards for Factoring Brokers

    We just had a call from a prospective client enquiring about a factoring facility and they mentioned that they had phoned two other invoice finance brokers but neither of them had called them back! Good news for us but not for the company looking for factoring. You would think that in the current economic climate other brokers would be chasing every opportunity - perhaps they have seen the same...

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    Unauthorised Overdraft Fees for an SME

    We have just had an invoice finance prospect, an SME, where one of the major banks has reduced their overdraft by circa 90% after they received a payment into their account which reduced their borrowing. Furthermore, the bank have then "allowed" an unauthorised overdrawn position (equivalent to circa 50% of their previous overdraft value) and charged them circa the value of the "unauthorised"...

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    100% Funding Against Public Sector Invoices

    Our invoice finance brokerage has been fortunate enough to have been offered an exclusive arrangement by one of it's finance partners to offer an invoice discounting product whereby our clients will receive 100% funding in respect of their invoices to government and public sector bodies and organisations.This could provide a much needed additional cash flow benefit for a number of our clients....

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    Second Credit Crunch Coming? . . .

    I just read an article http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3131287&c=1 highlighting the next potential problem for the economy arising from the continuing downward spiral of property prices which could lead to a second credit crunch.The article suggests that banks could be exposed to £250bn of lending secured against UK commercial property and that if commercial...

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    Avoiding The New Year Cash Trap . . .

    It happens every year, we see an increase in new invoice finance enquiries (factoring and invoice discounting) in the New Year caused by the "New Year Cash Trap" causing cash flow problems. In the run up to Christmas customers generally slow down their payments to suppliers, partly due to their own customers slowing down their payments and partly due to staff holidays. This puts an added pressure...

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    Invoice Finance & Factoring Bucking the Economic Trend?

    We were recently contacted to contibute something to an article that is being written about businesses that are "bucking the economic trend" and recruiting more staff in the new year. If any level of recruitment next year is a measure of a business that is "bucking the trend" then I guess that paints a fairly bleak portrait of the current economic climate in the UK! Fortunately the demand for...

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    Protected Invoice Discounting Without Reconciliation

    One of the invoice discounting companies that our invoice finance brokerage deals with has just launched a new improved version of its confidential invoice discounting product, with the addition of protection against bad debts . . . appropriate in the current climate!The way that their confidential invoice discounting product works is that it directly integrates with their client's accounting...

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    Borrowing Rates Not As They Might Seem?

    Whilst the government has the expectation that recent cuts in base rate will help UK businesses, there are a few "terms and conditions" that might mean that the full effect of any cuts might not be passed onto the end users. For more information about invoice finance (factoring and invoice discounting) borrowing rates see our latest article about "How to check your borrowing rate"....

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    New Article Top 10 Tips Comparing Factoring Quotations

    i have just put a new factoring article up on the site, our "Top 10 Tips for Comparing Factoring Quotations"....

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    Factoring & Invoice Discounting NACFB Reports Growth

    The National Association of Commercial Finance Brokers (NACFB), has just reported its members survey results to June 2008 which show huge growth amongst its members in the volumes of factoring and invoice discounting business being arranged which countered falls in the levels of leasing and short term finance arranged.This is not surprising as factoring and invoice discounting are growth areas...

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    US Bailout goes ahead but what about the UK?

    The $700 million bailout of the US banking sector has now gone through the US senate and there has been a lot of speculation about what will happen next. Noone knows for certain what the effects of this will be but the UK still seems set for difficult times.It seems like the factoring and invoice discounting markets will have a growing role in the UK bridging the credit gap for businesses that...

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    Access to Funding in the Factoring Market

    Whilst the ongoing credit crunch saga and the recent events with Lehman's bank are affecting the availability of finance generally, the factoring and invoice discounting markets are still relatively unscathed.Some of the factors and discounters have tightened up their funding criteria but there are still players within the market that are leading by being bold with the finance they will offer....

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    What will be the Effect of the Bankruptcy of Lehman's Bank?

    Lehman's, america's 4th biggest investment bank has apparently filed for bankruptcy triggering a wave of speculation about what the future effect will be on the rest of the world?It would seem most likely that Lehmans assets will be sold off cheaply, driving down the price of similar assets which will only be bad news for the captial adequacy requirements (the ratio of capital that a bank needs...

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    How Much Worse Will The Economy Get?

    When you work within the finance industry you often see the first signs of economic problems. This was true with the recent "credit crunch" related economic issues. Some of the factoring companies that we deal with started mentioning increases in the number of debtors that have failed, 6 to 9 months ago and as is often the case the construction sector seems to have been particularly badly hit due...

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    Free Factoring Newsletter

    We have just finished sending out our latest factoring newsletter which includes an article about how factoring charges and payments have changed over the years and our predictions for the future. There will be futher articles in future editions of the newsletter along the same lines, changes to the factoring industry, so watch this space.You can sign up for our newsletter at: REGISTER FOR OUR...

 

 

Examples of just a few of our finance partners:

hitachi
woodsford tradebridge
leumi abl
ultimate finance group
funding invoice
closebrothersinvoicefinance