- 02 Jan
6 Months Free Bad Debt Protection?
Bad debt protection (BDP) has been a popular option as companies have seen the high number of recent failures, even amongst well known household names. BDP protects you against up to 100% of the value of a customer bad debt, if the customer becomes insolvent (there may be a first loss clause amount).
6 Months Free Bad Debt Protection?
One of our panel of invoice finance providers are currently able to offer our customers:
- 6 months free bad debt protection
as an introductory offer to new customers. This offer may be withdrawn without notice, and qualification criteria may apply. Debtor concentration levels must be less than 40% of the sales ledger, and export debts must account for less than 40% of all trade.
Customer Insolvency Protection
BDP means that you have credit limits set for each customer, and providing you stay within the credit limit (the maximum level of invoices outstanding to a debtor at any given time), you know you are protected against the risk of customer insolvency.
As an example, based on a customer seeking invoice finance, turning over just more than £1M, the expected cost of the bad debt protection element might be 0.25%. Therefore, the savings for that particular customer, over the 6 months of not paying the Credit Protection Element - CPE, could be as much as £1,375 - a significant amount.
For more details please call Sean on 03330 113622.
Other Discounts And Offers
We have a variety of other offers and discounts that are available to our clients. At the time of writing these include: service charge holidays and the removal of minimum fees for an initial period of time, short notice periods and initial trial periods - if you want to try an invoice finance service without being tied in. If you already use a receivables financing service, we may be able to find you a cost saving. On average, over the last year, we have found customers savings of 31% of the costs that they were quoted (or charged) elsewhere.
- 07 Jan
No Minimum Fees And No Service Charge?
Offers and discounts are important as we like to be able to offer our clients the best invoice finance deals on the market. Therefore, we are always on the lookout for the best deals around and in touch with our extensive panel of invoice finance companies.INVOICE FINANCE OFFERSRecently we were speaking to one of our contacts who said they are able to offer some clients no minimum fees for a...
- 04 Dec
1 Percent Over Base Rate For 6 Months
Another updated invoice finance offer for you. One of our panel is able to offer a discount rate of:This offer is based on an initial 24 months agreement period. This offer may be withdrawn without notice, and qualification criteria may apply.What this offer means is that you can save some money on the discount charge element of your invoice finance facility. This is the charge made in respect of...
- 10 Sep
100% Funding Against Invoices
100% invoice finance funding levels are now available to a variety of industry sectors.One of our funding partners deals with funding car body repair invoices to insurance companies, and they fund those invoices at 100% less a flat fee percentage for using their service (the fee is just a few percentage points of the invoice value). The debt is bad debt protected, so there is no recourse to our...
- 11 Apr
Make Money By Referring Companies For Business Finance
You could make some additional money by referring companies to us that need business finance. We get paid a commission on any deals that we successfully place and they take up a facility. We would be happy to split any commission received with you.CONTACT US ABOUT INTRODUCINGThere is lots of information on our website about the kinds of finance that we can find for companies. In broad terms it...
- 15 Feb
Earn Commission By Introducing Companies Needing Business Finance
You can earn commission by referring UK companies, that want business finance, to FundInvoice. You can either introduce prospects, or add a link to your site that will do that automatically (see below).Use our contact form to refer a prospect now (don't forget to include your details) - or you can call Sean on 03330 113622, with the details.FundInvoice provides a free, independent quote search...
- 05 Jan
Up To 25% Lower Charges By Taking Out Protected Invoice Discounting
Interested in saving up to 25% on your invoice discounting charges?Some factoring companies will actually lower the service charge element of a factoring quote if you agree to take bad debt protection, as an optional extra.A few well known providers recently quoted for a potential client and told us that they would be able to reduce the administration charge (often referred to as service...
- 19 Dec
1% Over Base Rate For 12 Months
We have a new special offer for our clients - a very low discount charge (which is the equivalent of interest when referring to receivables financing facilities).The offer is an invoice finance discount charge of 1% over base rate (base currently being 0.5% at the time of writing), for the first 12 months from taking out a new facility.The offer is being made by just one of the invoice finance...