- 10 Feb
MarketInvoice PRO Launched
MarketInvoice PRO
A clever move by MarketInvoice who have just launched "MarketInvoice PRO" their Confidential Invoice Discounting product, designed to respond to customer demand and complement their existing selective invoice trading facility, which is available to smaller businesses.
The new service provides customers with a funding line against all of their outstanding sales invoices. To qualify customers must:
- Be limited companies or LLPs registered in the UK or Ireland.
- Have £1m annual turnover filed with companies house.
- Sell goods or services, to business customers, on credit terms.
- Have at least 2 years financial accounts filed at Companies House.
Get A Quote
Please use our contact request service to find out what the cost would be for your business: Contact MarketInvoice
However, if your business is not large enough to meet the MarketInvoice minimum turnover criterion of £1,000,000, it is likely that we can find you a similar facility with an alternative provider. If your turnover is lower please contact us for assistance, in confidence.
Expanding Into Whole Turnover Invoice Discounting Is A Smart Move
MarketInvoice initially launched as a selective invoice finance platform, and at the current time, they have transacted in excess of £1.1 billion worth of invoices traded via their platform. However, I am not surprised to hear that they are now expanding their product offering to include a whole turnover option for larger customers.
We carried out research back in 2013 that showed that whilst 37% of target invoice finance customers thought they would prefer a selective facility, 63% said they would want to access funding against all their outstanding sales invoices. This would suggest that they market for whole turnover facilities is nearly twice the size of that for selective. Hence, I would think it was a smart move to be able to cater for both aspects of the market, as the appetite for both kinds of funding is clear from our results.
Confidential invoice discounting is also something that many customers find attractive, they like the idea that debtors are unaware of the arrangement (hence the name "confidential") whilst at the same time they get to access the finance against invoices that grows as the turnover of their business grows.
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One of the aims of our FundingVoice magazine is to give customers direct access to invoice finance companies. Therefore we have developed a system of direct contact links whereby either an application form or a contact request can be directly routed to a particular provider via our system. We are continually developing our list of invoice finance companies and we are developing the list so that...
- 09 Apr
6 Ways Cash Flow Problems Can Be An SME's Silent Assassin By Julian Hornby Of GapCap
By Julian Hornby of GapCapHowever successful, innovative or budding a business may appear, poor cash flow management can bring about their downfall. This is illustrated by the Office for National (ONS) statistics, only 45% of startups reach their 5th birthday. Whilst eventually a business will enter into insolvency if cash flow struggles overwhelm them, there are many unexpected side effects...
- 17 Mar
100% Funding Against Invoice Value For Life - Limited Time Offer
One of the offers on our site, 100% funding levels against invoices (less fees) for life may be about to be withdrawn so contact us quickly if you want to take advantage. You can see the full details here: 100% Funding For Life or give Sean a call on: 03330 113622.Hurry, it could be withdrawn at any time....
- 14 Feb
Selective Invoice Finance Deal Completed
Good to see a true selective invoice finance deal just recently completed by FundInvoice. The client may just finance the one transaction (or they may choose to reuse the selective facility again). However it demonstrates that you don't have to be locked into long term contracts to get the benefits of invoice finance. In this case its being used for a one off transaction, under an open ended...
- 20 Jan
First Invoice Finance Deal Of 2016
Our first invoice finance deal of 2016 is on the book. Additional funding was required due to restrictions on the prime debtor. Let's hope it's the first of many this year....
- 07 Jan
Help Paying VAT Bill
I am just working on our quarterly figures for the VAT return - my least favourite job! However, we always put aside the VAT money so that we have it there to pay HMRC on time. Many businesses don't reserve for their VAT bills, and this can lead to problems paying HMRC. Just a quick reminder that if you have outstanding sales invoices, on credit terms, to other businesses, you can raise funding...
- 06 Jan
Invoice Finance Technology Advances
We have just had an interesting discussion with one of our invoice finance companies that is about to launch an innovative new piece of technology to support their invoice finance product offerings. We will share some details in due course, but its great to see one of our partners seeking to set the pace for the rest of the industry with some product innovation - and its always nice to be asked...
- 31 Dec
New Year, New Growth Aspirations - Need Funding?
It's 2016 - Happy New Year!If you have growth aspirations for the new year then invoice finance could give you the funding to realise those ambitions. Its ideally suited to fast growing businesses as the amount of funding is not limited by asset levels. Instead, the level of finance grows with your turnover - more invoices equals more cash becoming available.If we can help you achieve your growth...
- 26 Dec
New Recruitment, Laundry & Web Advertising Deals
We have been lucky enough to see a number of new customers come onto the book at the end of this year, within a couple of interesting sectors.As is often the case, recruitment businesses are often our "bread and butter" and we have seen a number of them taking up facilities over the last few months. There are many variations in the type of recruitment that they handle e.g. medical, education...
- 22 Dec
FundingVoice Magazine - December 2015 - 100% Invoice Finance Funding For Life
Read the latest version of the magazine here: FundingVoice Magazine - December 2015 - 100% Invoice Finance Funding For Life....
- 27 Nov
3rd #TalkIF Debate Discussed Growth And Overtrading
The 3rd #TalkIF debate, hosted by RBS Invoice Finance, took place earlier today and focused on business growth. The debate covered whether or not a business should seek to grow in all circumstances and also covered the issue of overtrading. This occurs when a business is growing its turnover faster than it can really handle. This can cause stresses within the organisational structure and with...
- 19 Nov
Day 2 Of The #TalkIF RBS Invoice Finance Live Twitter Discussion About To Start
The second day of the #TalkIF live twitter discussion, hosted by RBS Invoice Finance, is about to start.Its all about how business leaders achieved their business goals.Just tweet with the hash tag #TalkIF...
- 17 Nov
Quote From RBS Invoice Finance #TalkIF Write Up
A quote from the #TalkIF Twitter debate write up, by RBS Invoice Finance, available on their blog: "ABFA, invoice finance expert Glenn Blackman (@GlennBlackman) and RBSIF?s Mark Dodwell (@MDodwellRBSIF) all agreed that the perception of invoice finance was improving thanks to better customer relationships and a keener business focus".There is a link to the full blog post on my Twitter feed where...
- 12 Nov
#TalkIF RBS Invoice Finance Discussions
Looking forward to seeing how the #TalkIF discussions, chaired by RBS Invoice Finance go on Twitter over the next few weeks. Hopefully it will get some engagement from outside the invoice finance arena, as well as from within.You can join the debates, over the next 4 weeks - (starting today 12th November noon - 1pm. Then the same time each week) by tweeting with the hashtag #TalkIF....
- 09 Nov
How Long Does It Take To Get Invoice Finance?
You may be wondering how long it takes to get invoice finance, but the time required is normally very much driven by you, the client.If necessary, the whole process of getting invoice finance can be arranged within a few days. However, the speed of the process tends to be dictated by our client.We have just had an example of a business for who we arranged invoice finance and they have taken...
- 05 Nov
Invoice Finance
Invoice finance a comprehensive archive of market research and information about invoice finance companies....
- 03 Nov
Everything You Need To Know About Invoice Finance All In One Place
A new article: Everything You Need To Know About Invoice Finance All In One Place.Literally, everything you need to know all pulled together into one directory page....
- 16 Oct
FundInvoice Saved A Client 4K Of Invoice Finance Costs
FundInvoice have just saved a client circa £4,000 of invoice finance costs, per annum, by conducting a market search for quotes. More details of this case will follow shortly. On average we have been able to save 4 out of 5 companies money on factoring and invoice discounting quotes received from elsewhere. The average saving achieved was 35%.Updated average cost savings is now 31% over the year...
- 04 Oct
Need Help Paying My VAT Bill?
Need help paying my VAT bill? If you are looking for a way of raising the money to pay your quarterly VAT bill we can help. Invoice finance can release the cash that is tied up in unpaid sales invoices that you can use for any purpose, including payment of your quarterly VAT bill....
- 09 Sep
FundInvoice | First "Golden Hello" Quote Is For £4,000 To Be Paid In Advance
Our first quote under the "Golden Hello" offer was for a saving of £4,000 to be paid in advance to our client! Brilliant news: FundInvoice | First "Golden Hello" Quote Is For £4,000 To Be Paid In Advance.The offer applies to savings of up to £10,000. See the above news page for details and full terms....
- 07 Sep
New Startups - What To Do If You Are Declined For An Overdraft Or Bank Loan
Everything you need to know about alternative finance, how to finance a new startup business with invoice finance when you have have been declined for a bank overdraft or bank loan: How To Finance A New Startup Business With Invoice Finance....
- 06 Sep
'Alternative Finance' - Positive Handle Or Ball And Chain?
This article was published about the use of the term "alternative finance" and the pros and cons of using it to label products such as crowd funding, peer to peer lending and invoice finance: 'Alternative Finance' - positive handle or ball and chain?.This was my comment:"I think its difficult to choose! On the one hand the tag "alternative finance" clearly identifies the sector as something apart...
- 05 Sep
Need Help Finding Invoice Finance Companies That Deal With RPO's Such As De Poel?
RPO problems? If you need help finding invoice finance companies that can deal with RPOs (Recruitment Process Outsourcing organisations), such as De Poel, FundInvoice can help: Invoice Finance Companies That Deal With RPO's, "Pay As Paid" Invoices & De Poel....
- 02 Sep
How To Get Your Customers To Finance Your New Business Start-up
Great article about how you can get your customer to finance your business start-up. Ideas such as advance payments or subscription based models: How to get your customers to finance your new business start-up | ByteStart.You can also use invoice finance to leverage your customers outstanding credit invoices. An invoice finance company will give you maybe 85% of the invoice value up front and you...
- 28 Aug
Beyond P2P - The next wave of innovation in business finance
Interesting article, about the next wave of innovation in the Peer to Peer lending arena, mentioning MarketInvoice: Funding Xchange: Beyond P2P - The next wave of innovation in business finance.My comment was as follows: "Delivering the "best available quotes" is definitely key, our extensive market research programme suggests that pricing is an important driver. The other issue though is...
- 09 Jul
Invoice Trading By MarketInvoice - New Article
Invoice Trading article which was kindly contributed to FundingVoice magazine by MarketInvoice: Invoice Trading By MarketInvoice.The article includes:...
- 24 Jun
Another 5 Star Review From An Invoice Finance Client
Another 5 star customer rating and review received from an invoice finance client of FundInvoice LLP who said:"I would rate your service 5 out of 5! After spending months trying to find the correct solution for my business, within a few days of speaking with Sean I was introduced to a company that offered me exactly what I need and at the right price, I wouldn't hesitate to recommend him".It goes...
- 17 Jun
How Green is Your Invoice Finance?
How green is your invoice finance deal? There are options that reduce the carbon footprint, by virtually eliminating paper, and hence reduce your environmental footprint: How Green is Your Invoice Finance?....
- 14 Jun
Single Fees At A Premium
Often invoice finance users are attracted to the idea of a single, predictable, flat fee (or fixed fee) rather than separate service charge and discount fees.However, in some cases single fee arrangements are charged at a premium to the regular charging structure.If the single fee arrangement is going to be charged at a premium, the client needs to think carefully about the benefits of taking...
- 31 May
35% Invoice Finance Cost Saving?
We have checked the average cost saving we have found for clients and prospects, looking to cut costs, over the last year. On average we could find a saving for 4 out of 5 prospects. The average saving found was 35% of the projected invoice finance costs (estimated service charge and discount charge, combined).If you want to save on your invoice finance costs challenge FundInvoice to Beat My...
- 11 May
Formula 1 Grand Prix Article
Sean Morrow has written an article explaining the formula 1, grand prix analogy that can be applied to sales and invoice finance companies within our market. Hopefully it will resonate with any readers that are racing fans: Schumacher Ferrari, Hamilton Mercedes Sales Analogy...
- 10 May
Unfair Invoice Finance Contract
One of our finance partners has introduced an innovative approach to their invoice finance contract periods. They are offering their customers a 28 day notice period to terminate the facility (a few providers no offer this) but at the same time committing to a 12 month contract with their client. This gives their customers the best of both worlds. The freedom and flexibility of knowing that they...
- 16 Apr
Quotes From More Existing Invoice Finance Users
Here are some more actual quotes from invoice finance users about why more businesses aren't getting the benefit of factoring and invoice discounting:Read the full set of actual quotes here: Quotes from factoring and invoice discounting users...
- 09 Apr
What Invoice Finance Users Think About Invoice Finance
This is another quote from our recent survey of existing invoice finance users. People considering using factoring or invoice discounting want to know what existing users think about invoice finance. Therefore, we asked them why they thought so few businesses use invoice finance in the UK. This is what one existing user of the products told us:"Not enough out there about it, never heard of it...
- 20 Mar
Finalists
OK, no gong but pleased to be finalists in the Business MoneyFacts Awards 2015??...
- 18 Mar
FundingVoice Magazine Next Edition
The next edition of FundingVoice magazine is about to be sent out. If you want to subscribe, its free, just go here: Subscribe Free To FundingVoice Magazine...
- 08 Mar
Invoice Finance At The Weekend Even On A Sunday
We have had an invoice finance enquiry over the weekend, received on a Sunday. Not a day of rest for us, as the prospect has been called back as requested.We don't stick to normal opening hours, lots of business owners don't get any free time in the week to deal with things like finance, so we will do our best to help you whenever you contact us!...
- 04 Dec
Invoice Finance Against Invoices To Argos
Argos was always synonymous with Christmas for us as children, our Christmas lists were pretty much a list of Argos reference numbers! Hence this is going to be a busy time for any businesses that are supplying Argos.If you are a supplier to Argos, looking to release the money that is tied up in outstanding sales invoices, FundInvoice can help. We have been contacted by funding partners that are...
- 06 Nov
Business MoneyFacts Asset Based Finance Broker Of The Year Application Submitted
I have just finished submitting our application to Business MoneyFacts for FundInvoice to be considered for the award of Asset Based Broker Of The Year 2015.Fingers crossed!...
- 18 Oct
Funding Above Credit Limits
A meeting the other day with an invoice finance company reminded me that a common issue for some clients is only being able to receive funding against invoices up to the credit limit on a particular debtor's account. Not all invoice finance companies work this way. There are alternative providers that will allow approvables funding above the credit limit on particular debtors....
- 30 Sep
Hitachi Capital Invoice Finance Letter Of Recommendation
It's always difficult to know who to trust when you deal with businesses through the web. FundInvoice wanted to make sure that potential customers had the ability to verify their credentials so that they know we are a bone fide organisation that have successfully helped customers that need invoice finance.To help build the trust of potential customers we have added a series of letters of...
- 09 Sep
Invoice Finance Without Being A Homeowner
Again we have been discussing another prospective invoice finance client that is not a homeowner. Several invoice finance companies now insist on client company directors being homeowners. Thankfully we have factors on our panel that do not insist in this. The whole approach to this is hard to understand. The key security should be the company's book debts, personal guarantee should only be seen...
- 04 Sep
Deed Of Priority For Chargeholders
Factoring and invoice discounting often work well when combined with other forms of lending. Often an invoice financier will seek to take a charge or debenture over their client's business in order to secure the book debts as their security. This can interfere with other lenders who also require a charge or debenture to secure their own forms of lending. In such situations a "deed of priority" is...
- 17 Aug
Need More Working Capital Than Your Invoice Finance Can Provide?
Not all invoice finance companies are created equal! If you need more working capital than your current provider is prepared to provide there may be other alternative lenders that can provide more. There are no universal rules or risk policies that apply to the funding levels that are provided by all factoring companies or invoice discounting companies. In fact, there are significant differences...
- 26 Jul
What Is A Recourse Period?
A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance facility. There are other options available. The alternative is a non-recourse, where you also receive protection against bad debts. In this case, there is no recourse period, the funding against an...
- 01 Jul
Benefits Of Supply Chain Finance
The principle benefit of arranging a supply chain finance facility for all your suppliers is that it enables your business to take a credit period from your suppliers, whilst they all get prepayments, from the supply chain finance company against their invoices. The finance is provided at preferential rates to your suppliers based on the strength of your business....
- 29 Jun
Supply Chain Finance
FundInvoice can also help large organisations, such as supermarkets, with numerous suppliers, find supply chain finance and reverse factoring. This is where invoice finance facilities are offered to a large organisation's suppliers in order to allow them access to funding at preferential rates on the strength of the large organisation. This type of supplier finance arrangement can improve the...
- 26 Jun
Invoice Finance For Non-Homeowners
There has been a rise in the number of invoice finance companies refusing to finance businesses where the directors are not homeowners. We have just come across such a lead and fortunately there are alternative invoice finance companies that do not require borrowers to be homeowners. If you are not a home owner and you want an invoice finance facility speak to Sean on: 03330 113622...
- 25 Jun
Factoring Recruitment RPOs
Recruitment businesses have always been prime candidates to use factoring. However, in recent times there has been a rise in the number of recruitment deals that involve RPOs. These are large recruitment purchasing organisations that then outsource the supply of temporary recruitment staff to smaller organisations. One issue that the involvement of RPOs can cause is the creation of problems for...
- 24 Jun
Zero Effort Invoice Finance Cost Savings
Do you want to save money on your invoice finance costs but don't have time to look around the market for quotes? FundInvoice offer a service that won't take you more than a few minutes to use. All they need are a few details of your current facility costs, the percentage that you want to save on those costs and they will do the rest for you - and they won't charge you to use their service. Call...
- 23 Jun
Factoring Insurance Company Invoices For Car Crash Repairs
The benefit of factoring car crash invoices raised to insurance companies is that it provides a very secure invoice for the factoring company as they are confirmed as payable by the car insurance company that are liable for the repair. This means that a car body shop can potentially access up to 100% (less charges) funding against those invoices. Hence bodyshop factoring can be an ideal way of...
- 03 Jun
Cheap Invoice Finance For Sub 100K Turnover Businesses
Cheap invoice finance for sub £100K turnover businesses is being offered by one of our funding partners. This links neatly with my comments about how a certain crowdfunder was receiving a lot of comments about how there were not funding options available to sub 100K turnover businesses.Our funding partner is offering a service fee starting from £199 (+ VAT where applicable) per month to...
- 29 May
New Article - Online Invoice Finance Quotations
New article on the site about Online Invoice Finance Quotations.Worth a read before you apply for an online quote as it covers some of the pitfalls that we have come across over the years such as quotes changing, choice overload and customers focusing only on price rather that the other service considerations that they often tend to come across once they have signed up....
- 20 May
Invoice Finance Without Personal Guarantees
Personal guarantees are often an aspect of financing that customers are unhappy with. Many invoice finance companies offer limited guarantees or even warranties rather than giving a PG and you can also get insurance for the risk associated with giving a personal guarantee - however there are some invoice finance companies who will offer facilities without requiring a personal guarantee.You should...
- 02 May
Need Help Paying VAT Tax To HMRC?
We have just paid our most recent VAT (Value Added Tax) bill to HMRC - its always painful! Keeping your value added tax up to date requires a business to keep the money it collects from sales VAT (after offsetting any deductible purchase tax) separate, and if you have dipped into that money for cash flow purposes you can end up with serious problems paying your next bill - especially as its often...
- 25 Apr
Crowdfunding, Small Businesses And Alternative Finance
I have been receiving online adverts from a certain well known crowdfunding platform via social media - they seem straightforward enough, funding for businesses with annual turnover of at least £100K using a proportion of a government investment via their platform. Out of interest I have been watching the comments the general public have posted on their advert and some are quite amazing.1)...
- 25 Mar
Asset Based Lending - Full utilisation of all a company's assets
I come across numerous SME companies who have either overdrafts and/or Invoice Finance facilities yet they are still looking for additional working capital to assist in growth or up coming projects. When speaking to them it becomes clear that in some cases they have company assets that are not being fully used or valued by their existing providers. Asset Based Lending (ABL) provides just such a...
- 20 Mar
New Article From Hitachi Capital Invoice Finance - Inspired Cashflow
Ready for the launch of our magazine, FundingVoice, Hitachi Capital Invoice Finance were kind enough to contribute an article about their new Inspired Cashflow product. You can read their article here:Hitachi Capital Proves There Is Still Room For Innovation Within The Business Finance Sector With The Launch Of Their New Inspired Cashflow ProductIf you would like to subscribe to FundingVoice...
- 17 Mar
What To Do If Your Bank Overdraft Is Removed Or Reduced
Article about what to do if the bank remove or reduce your overdraft. Don't panic! Alternative sources of finance are available: What To Do If Your Bank Overdraft Is Removed Or Reduced...
- 14 Mar
2.14 Invoice Finance Companies Used On Average
Our market research survey of 100 existing invoice finance users found that on average they had used 2.14 different invoice finance companies during their life as a client. We found that the fewest number of providers used by our sample was 2 and the highest reported was 4. Only 11% of our sample had used more than 2 providers making 2 the norm.I reported previously that the average usage of...
- 14 Mar
How Invoice Finance Companies Calculate Prices, Charges & Funding
A new article setting out, with examples, how invoice finance companies calculate:How Invoice Finance Companies Calculate Prices, Charges & Funding...
- 27 Feb
Have you been turned down for invoice finance as you are not a home owner?
We have recently seen a slightly concerning rise in the number of invoice finance, factoring and invoice discounting companies that are asking for clients to be home owners in order to receive funding from invoice finance. It would be understandable if a client was required to be a homeowner if the credit were particularly risky and the finance company were looking to this kind of additional...
- 03 Feb
Retailer Finance
There are a few finance companies that will fund retailers based on their historic or future takings. Retailer finance can include shops and businesses such as restaurants. In some cases the funding can be recovered from a percentage of future takings via the retailer's credit card machine....
- 06 Nov
How Does Invoice Finance Work? Infographic
Its always difficult to boil down invoice finance into something simple that people can understand. So to answer the question "How Does Invoice Finance Work?" we have produced a simple infographic which shows the process at an overview level.You can view it here: Infographic - How Does Invoice Finance Work?...
- 02 Nov
Free Business Finance Information Pack Available From FundInvoice
FundInvoice have a new free, business finance information pack, in PDF format which is now available to download: Free Business Finance Information Pack...
- 13 Sep
FundInvoice LLP Launched - New, Free Invoice Finance, Factoring & Invoice Finance Quotation Search Service
I have launched FundInvoice LLP, a new invoice finance brokerage, with my business partner Sean Morrow.FundInvoice will offer a free, independent quotation search service for invoice finance, factoring, invoice discounting, trade finance and asset finance offering a completely personal service.An exciting new project to get off the ground, the website is under construction but should be up and...
- 29 Aug
Deal Completed - Invoice Finance Costs Reduced By £350 Per Month
This is an example of the cost savings that can be achieved by moving between invoice finance companies.We were able to assist a client of a bank owned invoice finance company that were looking to save some money on their invoice finance costs.We found them a deal which will reduce their invoice finance costs by £350 each month, a saving equivalent to £4,200 per year, a good saving in the cost...
- 18 Aug
Deal Completed - Alternative Invoice Finance For A Larger Business
We have recently been able to help a larger business, turning over £8 million per annum, find an alternative invoice finance facility in order to deliver a cheaper facility that would also provide them with more funding than their existing facility. We were able to put them in contact with an independent invoice finance company that are owned and backed by a major banking organisation. This...
- 31 Jul
Breakdown Of Funding Sources Used By High Growth Businesses
In our recent survey of 100 fast growth businesses (20% or more pa) we asked the respondents to tell us which sources of funding they used. Some respondents used multiple sources of funding and in this set of results each source of funding used was recorded.Below is a breakdown of the funding sources used by a sample of randomly selected high growth businesses:Â ...
- 19 Jul
Deal Completed - Invoice Finance For A Packaging Company Growth
A small packaging company were recently found an invoice finance facility.The company wanted the invoice finance facility to support the future growth of their packaging business.Packaging is a straightforward sector for invoice finance companies to support. The simple nature of the product makes it highly suitable for financing.Invoice finance will support their future growth by releasing a...
- 18 Jul
New Business
New Business covers the industry roundtable discussion that I attended regarding alternative finance: Alternative Finance Roundtable...
- 15 Jul
Deal Completed - Invoice Finance To Fund Growth Beyond Overdraft Restrictions
This recent invoice finance deal completed was a cleaning solutions company that were looking for growth finance but their bank overdraft was restrictive and their bank were unwilling to increase their overdraft any further.We conducted a free, independent invoice finance quotation search for them and found them an invoice finance deal with an independent invoice finance provider that are part of...
- 02 May
Reducing Your Invoice Finance, Factoring Or Invoice Discounting Costs
A while back I published an article 6 Ways To Reduce Your Factoring Or Invoice Discounting Costs.I was looking through it just now and it rightly suggests that if you have a whole-turnover invoice finance agreement i.e. all your invoices are factored or discounted, and you don't have a constant need for funding in your business, you could save costs by switching to a selective style agreement....
- 19 Apr
What Are The Minimum Turnover Size Criteria For Invoice Finance?
Prospective clients often as us "What are the minimum turnover size criteria for invoice finance (factoring & invoice discounting)?". Unfortunately, the true answer seems to be widely misunderstood by small companies and small businesses, there really isn't a minimum turnover. We have recently spoken to a small business who were turning over £60,000 pa and they thought that they were too small...
- 18 Apr
Separating Your Invoice Finance From Your Overdraft Or Bank Loan
We have previously mentioned the consideration some clients have for not putting "all their eggs in one basket" by separating their invoice finance facility provider from their bank who provide an overdraft or term loan, for example in my article about How To Choose A Factoring Company.However, we have had an example of a prospective client that has experienced how this issue can damage the cash...
- 17 Apr
Deal Completed - Invoice Finance For New Start Carrier Business Overdraft Not Available
Another case study, this time for a small new start carrier business based in Yorkshire. This was a classic case of a new-start business that needed working capital but had been unable to secure the funding through their bank via an overdraft or loan. This is quite typical of a new start business as they often do not have the assets, trading history and hence financial accounts that a bank needs...
- 13 Apr
Invoice Finance For Payments Via Direct Debit & Credit Cards
A customer that we were working with recently reminded me that some invoice finance companies are now able to collect debtor payments via direct debit and credit cards from business customers. This facility is not widely available but in recent years the number of invoice finance companies that are able to cope with payments received via direct debit mandates or credit card payments has...
- 07 Apr
The Perfect Invoice Finance Product
Below is the profile of the perfect invoice finance product (from the customer's perspective) based on our experience and market research:1) Overdraft style finance product that grows with turnover (with invoice finance risk controls behind the scenes) - clients just want predictable levels of funding without any hassle and they want the funding to grow in line with increases in their sales. They...
- 04 Apr
Find Funding Or Finance For A Large Business, Large Company Or PLC
If you are a large business or large company we can help you find large amounts of finance or funding and we are aware that you will need that funding to be provided at fine rates that reflect the size of your business.We have dealt with businesses turning over up to £250 million per annum and all points in between. Our business finance quotation search service is still free even for large...
- 03 Apr
Invoice Finance Free Newsletter Available
Our latest free invoice finance newsletter is now available.This month we have alternatives if your overdraft is removed or reduced and case studies about cost saving achieved for clients....
- 07 Mar
New Article - What To Do If Your Bank Overdraft Is Removed Or Reduced
I have just published a new article on the site - WHAT TO DO IF YOUR OVERDRAFT IS REMOVED OR YOUR OVERDRAFT IS REDUCED.It explains how invoice finance can be an alternative to replace or supplement a bank overdraft....
- 26 Oct
Construction Sector Finance Research - Applications For Payment
We have recently conducted some research into the construction sector and its finance requirements which I am going to publish.Traditionally invoice finance companies didn't get involved with funding the construction sector but that has all changed. There are now a number of options for construction sector businesses where invoice finance companies have developed specialist funding services for...
- 10 Sep
How To Overcome Invoice Finance Funding Restrictions
We have been dealing with a prospect who has invoice finance from a provider that has imposed some heavy funding restrictions.The existing invoice finance company were only funding at a low percentage but they had also set their client a completely unrealistic target for debtor days with a reduction of 1% in their funding percentage for every day by which they exceeded the target! This had caused...
- 21 Jul
Business Development Manager Training Gap In Invoice Finance
Building on the recent theme of why the factoring industry isn't selling more invoice finance to new clients, I recently had an interesting discussion with a recruitment consultant that specialises in the commercial finance industry and has numerous vacant roles on his books for BDMs (Business Development Managers) the term used for sales people within the factoring industry.The recruitment...
