• Top Review For FundInvoice Invoice Finance Brokerage From IT Procurement Specialists

    FundInvoice invoice finance brokerage top rated by IT procurement specilalistsAnother great review from another client who appreciated the impartial nature of the invoice finance brokerage service that we offer.

    FundInvoice Invoice Finance Brokerage Service

    The FundInvoice invoice finance brokerage service was recently used by an firm of IT procurement specialists who gave us the top, 5 star rating and had this to say about our service:

    "Many thanks to Sean for all his help in setting up our invoice finance agreement. Going into the process, with very little understanding of the different types of invoice finance, I was dubious to go directly to finance companies who may attempt to sell me the product that is best for them, and not necessarily best for our business.

    As FundInvoice are fully impartial I could utilise their expertise to get the best invoice finance agreement for our business. I am confident we have made the correct choice and I look forward to dealing with Sean, and FundInvoice, again in the future as our businesses finance needs change."

    Director - IT Procurement Specialists (Ref: 8666)

    Impartial Service

    As this review demonstrates our invoice finance quote search service is completely independent and impartial. We don't have any shares in any invoice finance companies, we don't provide other services to them and we receive roughly (and deliberately) similar commissions from them. If you are thinking of using another broker service you should ask the following questions:

    1. Does your group or your Directors own any shares in any of the finance companies?

    2. Does your group provide any other services to any of the finance companies? 

    If either answer is a "yes", its probably wise to understand exactly what the situation is so that you can decide if they are likely to have any kind of bias.

    We pride ourselves on not having any bias, enabling us to give completely independent advice to our customers.

    It is also worth checking that the brokerage deals with a good cross section of factoring companies. If they only deal with one or two, as many firms of accountants told us they did in a survey we conducted, you might not be getting the best access to the marketplace that you could.

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    Flexidraft An Alternative To Overdraft

    Flexidraft has recently been launched by one of our funding partners as a flexible alternative to overdraft. There are no minimum fees and no minimum term for the facility to run which is good news for clients. The Flexidraft will provide up to £50,000 of finance based on funding at 50% of the average sales ledger balance, at rates that are very competitive with a conventional overdraft.If you...

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    Invoice Finance At 0% Over Base For 3 Months And No Set Up Fees

    One of our invoice finance partners are currently offering new customers funding at 0% over base for the first 3 months of their facility and there are no set up fees involved. This funding partner will also accept up to 100% export debts and up to 100% of debts concentrated into a single customer....

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    Guaranteed Fuel Card For The Road Haulage Industry With Invoice Finance

    One of our invoice finance partners has just launched a guaranteed fuel card for businesses in the road haulage industry. It is offered in conjunction with an invoice finance facility to overcome the issue of fuel cards being declined. Apparently the decline rate for conventional fuel cards can be 50% but this new guaranteed fuel card seeks to overcome that issue for road haulage businesses that...

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    Free 150K Cashflow Facility Competition

    In an innovative marketing move one of the invoice finance companies has launched a competition for a 150K cashflow facility that is service charge and interest free for 1 year. To enter you must be a director of a company, under 40 years old and within 40 miles of Birmingham. There are only 9 days left to enter so if you are inerested please let us know....

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    100% Of Invoice Value Funded - Special Offer Just Launched

    One of our finance partners has just launched a new special offer to appeal to small businesses. 100% funding against your invoices for businesses looking for a funding line of up to £50,000. They will of course make a charge for using the facility but this makes calculating your early payment/initial payment percentage very easy for small businesses.The offer is is for businesses that sign our...

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    New Product - Funding Against Credit & Debit Card Sales For Retailers

    One of our funding partners has just launched a new retail sales funding product. The product enables retailers to receive funding against debit card and credit card payments from sales to their customers, bridging the funding gap for the client.For more details please contact us....

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    Just Joined Google+

    I have just joined Google+For details follow the link: Google+...

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    Latest Free Invoice Finance Newsletter

    This is a link to our latest free invoice finance newsletter including an offer on cost of funds for the first 3 months of any facility....

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    How Clients Suggest the Industry Promotes Invoice Finance

    Below is the title of my latest invoice finance article published by Commercial Finance Today:How Clients Suggest the Industry Promotes Invoice Finance....

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    Factoring & Invoice Discounting The Solution For High & Fast Growth Businesses

    Invoice finance facilities such as factoring and invoice discounting have always been seen as the solution for high growth businesses and this is confirmed by the ABFA (Asset Based Financing Association) statistics to December 2010.They show that amongst the ABFA's members their client businesses grew their sales by 11% over the previous year. This rate of growth is enormous compared with the...

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    Invoice Finance Latest Free Newsletter Available Online

    Our latest invoice finance newsletter is now available online....

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    Interest Free Funds To The End Of The Year

    News just in from one of our funding partners - they have put aside a significant amount of funds in order to provide clients with interest free funding until the end of the year....

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    Risk of UK Double Dip Recession Increases

    I have been reading a variety of things on the web regarding the apparently rising possiblity of a double dip recession in the UK economy.House prices have fallen again for the third month running, the HMRC appear to be taking an tougher stance regarding VAT time-to-pay agreements (according to an email update recently received) and there is also talk of investors seeking defensive investments in...

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    Invoice Finance Product Launched For Very Small Businesses

    There seems to be mounting interest in smaller businesses at last amongst the invoice financiers. Over the last couple of years there has been little on offer to small businesses but suddenly there are a number of products coming onto the market specifically for them.One such product has just been launched by a major bank that is one of our funding partners. The invoice finance product is...

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    Invoice Finance for Start-Up Businesses

    One of our funding partners has a specialist invoice finance product for start-up businesses. The product has been tailored specifically to match the needs of a new start-up company and provides the following additional benefits in addition to the invoice finance itself for a fixed monthly administration fee:...

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    Absolute Invoice Finance Rebranded As Aldermore Invoice Finance

    Notification has just been received that Absolute Invoice Finance (formerly known as Cattles Invoice Finance) have rebranded once again as Aldermore Invoice Finance, a division of Aldermore Bank PLC, who acquired the business last year....

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    How Big Could The Invoice Finance Market Become?

    I have just written a piece for the Commercial Finance Today publication titled: "The Prize - The Potential Size of the UK Invoice Finance Market" that attempts to size the potential target market for invoice finance in the UK if some of the issues I set out in my last article were to be addressed.My article should be in this months edition of Commercial Finance Today from Commercial Finance...

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    Asset Based Lending Industry Loses Another 347 Clients In Q1 2010

    Statistics from the ABFA (Asset Based Finance Association) for the first quarter of 2010 show that their members recorded an overall net decrease in client numbers of 347 during the quarter.These figures include members clients using the following products: domestic factoring, domestic invoice discounting, export and mixed export & domestic, import factoring, stock finance and ABL (asset based...

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    The Secret To Selling More Invoice Finance

    My article "The Secret To Selling More Invoice Finance" has just been published on the Commercial Finance Today website.The article sets out a summary of the feedback we have captured from numerous clients that we have spoken to over recent years. In the article I outline the key changes that would be required to rapidly increase the number of factoring and invoice discounting clients....

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    How Poor Credit Control Can Lose You Customers

    I have just seen first hand the perfect example of how poorly organised credit control can lose you a customer.We bought some goods from a small local company at the end of last year. The product was excellent and until this morning I have taken every opportunity since to sing their praises and recommend them to other people.Almost 5 months ago now they phoned to say that we hadn't paid their...

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    The Secret To Selling More Invoice Finance Facilities

    I am sure that is a question that many invoice finance companies would like answered!Well, I have had a bash at putting together another article for the next issue of Commercial Finance Today called "The Secret To Selling More Invoice Finance" which attempts to answer that question by setting out what prospective invoice finance customers seem to say they want from invoice finance. I will post a...

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    Getting Innovation, Design & New Inventions to Market

    I have just had a fascinating meeting with someone who has come up with a brilliant, innovative new invention. Like so many inventions it was born of personal necessity but as with so many "inventors" he is stuck at the design stage, faced with either having to trust a business to develop his idea for him or trying to negotiate the complexity, and expense, of patent law himself.There are so many...

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    Symbiotic Versus Parasitic Business Models

    Dictionary.com defines "symbiotic" as "any interdependent or mutually beneficial relationship between two persons, groups, etc."It defines "parasitic" as the behaviour of a parasite, which it goes on to define as: "a person who receives support, advantage, or the like, from another or others without giving any useful or proper return, as one who lives on the hospitality of others."These are...

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    June 2010 Budget Implications

    Following the chancellor's June 2010 Budget announcement yesterday, attention now turns to the implications on the UK economy.Some of the key aspects, that will impact the economy, from the June 2010 budget, were the rise in VAT from January 2011 from 17.5% to 20% and the cut in government departmental budgets by 25%. Whilst these measures are undoubtedly necessary to reduce the UK's huge budget...

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    Football World Cup Surprise Result

    With the football World Cup in full swing we were expecting our flow of factoring and invoice discounting enquiries to dry up, as people took time off to watch the world cup on TV! Surprisingly, the converse has been true - in the last few days we have seen a surge in the number of new invoice finance enquiries which has been an unexpected surprise result!Let's hope that England win - that would...

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    More Uncertainty For UK Businesses Due to Hung Parliament & Greek Economic Issues

    The uncertainty for UK businesses has multiplied yet again with the news of a hung parliament in the 2010 UK general election. With no one party being able to command a majority in the house of commons the prospects seem remote that there will be a stable alliance formed although its obviously too early to tell for sure - the likelyhood is that the UK will face another general election in the...

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    The Unexpected Effects Of The Icelandic Volcanic Ash Clouds

    There has been much comment in the press about the coulds of Icelandic volcanic ash, currently above the UK, which have brought our aviation industry to a standstill. This will undoubtedly have a dramatic effect upon the airlines but they will not be the only businesses that are affected, there is a supply chain domino effect that will also come into play.It will not only be the airlines and...

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    21% of Businesses Refused Bank Credit Not Told Why

    Just read in Business Money that Graydons UK have conducted some research and found that 21% of businesses that are refused credit by a bank are not told why by the bank! Staggering!...

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    What Is It With Medication Spammers!

    Yet another stream of posts deleted about prescription medications from the usual spammers! There is no way I am going to allow your comments to publish so why not save yourselves some time :o)...

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    Newsletter Format Updated

    The brief is written for this months newsletter but we have made a few changes.We felt the format was a little too sales focused so we have changed the format to bring readers more information, tips and advice about cash flow issues....

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    HMRC "Time to Pay" Scheme

    At the end of last year there was much speculation about the impact of the withdrawal of the HMRC's "Time to Pay" scheme, that has allowed 160,000 businesses additional time to pay their outstanding tax liabilities and VAT. This was followed by the announcement from the government that the "Time to Pay" scheme is to be extended for "as long as is needed".This prompts the question - as to exactly...

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    Michael Jackson - the Answer to All Our Economic Problems!

    I have just read about the huge demand for tickets to the concerts of the century, Michael Jackson's "This Is It" shows at the O2 arena. Reports over the last week have suggested 750,000 people registering for tickets that have a face value of £50 - 75 with the secondary resale market offering them for vastly inflated sums such as £500, £1,050 and even one report of a single ticket being...

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    Overdrafts being converted to loans?

    The British Bankers' Association recently released figures showing that the amount lent to small businesses through overdraft fell at the end of 2008 by £457 million in the same period the amount lent on term loans (a loan with a fixed period and potentially more security and fees) rose by £220 million.These figures suggest two things. Firstly that there may have been a movement in bank lending...

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    UK Economy Officially In Recession

    The Office for National Statistics has reported that Gross Domestic Product (GDP) in the UK fell by 1.5 percent from the previous quarter today. The economy has now shrunk for two successive quarters which is the conventional definition of an official recession....

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    Changes By Banks To Overdrafts and Loans

    I received an email from the Federation of Small Businesses today advising that they are meeting with 6 commercial lenders in Sussex. The meeting is to discuss the issues that their members are experiencing due to unilateral changes by the banks to overdrafts and loans.We have also heard of some examples of this. I was talking to someone the other day that had their credit limit drastically...

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    Economic Domino Effect?

    Yesterday brought the news that Iceland are raising their banking base rate by a massive 6% to 18% as the IMF (International Monetary Fund) inject funds to rescue the country's economy. Other eastern european economies seem to be similarly struggling. Is it possible that we could see a domino effect if these weaker countries did start to collapse that would ripple across the globe?Everything...

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    $700 Billion US Banking Bailout

    At the moment the US are renegotiating the proposed $700 billion bailout of the US banking sector which has been broadly heralded as essential to return to stability. Bank lending to US borrowers that couldn't afford it (the "credit crunch") is widely attributed as the cause of the current situation.My concern for the UK market is what about the large amount of unsecured debt that has been amased...

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    Welcome to Glenn Blackman's Invoice Finance Blog . . .

    I am Glenn Blackman, welcome to my blog. I run a businesses that is involved with the brokerage of invoice finance facilities such as factoring and invoice discounting and market research....

 

 

Examples of just a few of our finance partners:

ultimate finance group
funding invoice
positivecashflow
marketinvoice
woodsford tradebridge
bibby