- 12 Feb
Good Start To 2018 For FundInvoice Business Finance Enquiries
FundInvoice have had a good start to 2018, with a increasing the number of incoming enquiries for business finance having been received. The numbers are both up on the same time last year, and also up on the end of last year.
2018 Business Finance Enquiries
As ever, we have seen a wide variety of different client situations that need support, such as:
- New startups needing initial funding.
- Established businesses needing growth finance e.g. turnover of £30M per annum.
- A full range of industry sectors from construction businesses through to recruitment companies. Our article about support for companies affected by the Carillion collapse seems to have struck accord with some within the construction sector.
- Customers with difficult circumstances that other funders are struggling to help with. For example, recruiters supplying RPO debtors (recruitment purchasing organisations).
- There are a number of both invoice finance and business loan deals in the current pipeline.
We have published some key materials recently, such as:
- FundInvoice exceeding it's £10 million funding target.
- Our 97% success rate at finding business finance for companies.
- An up to date list of our FundingVoice magazine publications.
- Analysis of how invoice discounting costings, funding levels and minimum fees compare between different providers.
We are now going into the rest of the year hoping to capitalise on the good start made. In March we have the results of the Business Moneyfacts Awards 2018, for which FundInvoice have been confirmed as "Finalists" in the category of "Invoice Finance Broker of the Year". This is the 4th year running that FundInvoice have been finalists, often competing against much larger companies on the merits of what we are achievieving as a small East Sussex based broker.
It is also good to see that a number of our existing clients are thriving, and growing, as a result of the cash flow finance that we have found them. Many have enjoyed steep growth rates that they can accommodate as they know they don't have to wait to be paid in order to access cash from their sales transactions. Often fast growing companies struggle when their cash flow doesn't keep up with their sales volume, this is not the case for those using products like invoice financing.