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• 14 Aug

  

  

  Populous Invoice Finance Using Blockchain Cryptocurrency

  A new invoice finance company called Populous has just raised money to pilot its invoice finance platform that uses Blockchain cryptocurrency in support of an invoice financing model, according to an article in Pymnts.com.I read the 21 page white paper on the Populous site, with some interest, to understand what the benefits might be.In essence there seem to be 3 key points to draw from this...

  By Glenn Blackman
• 10 Jul

  

  

  5 Secrets About Getting Construction Finance

  The construction sector has been notoriously difficult to finance due to the the many issues that tend to come as part and parcel of working within the sector. These are problems such as stage payments, raising applications for payment instead of invoices, having complicated contracts with main contractors, to mention but a few.There are a number of financiers that are specialists in funding the...

  By Glenn Blackman
• 18 Aug

  

  

  Late Payments Expected In The Construction Sector

  Construction companies are bracing themselves for a wave of late payments, as a result of the uncertainty around Brexit and the UK economy.Our recent late payment study found that the construction sector was one of the industry segments expecting to be worst hit as a result of Brexit (Britain leaving the European Union in March 2019). The extended timescale with the proposed exit is an issue in...

  By Glenn Blackman
• 19 Jun

  

  

  Factoring Clients Change Invoice Finance Companies More Often

  The majority of invoice financing users are happy with their current provider, we found that 98% were prepared to recommend their existing provider, which speaks volumes to the general level of satisfaction amongst companies already using these working capital enhancing products.However, there are always a few clients that want to change invoice finance companies, often they are looking to...

  By Glenn Blackman
• 21 Nov

  

  

  Business Finance For Startups

  I thought I would conduct a small piece of research to find out how easy is it for a new startup to find its way to business finance brokers such as ourselves, that can help with invoice finance products.I used the situation of a company that is highly suited to using some form of cash flow funding - although they may not know the name of the product that they are looking for. The result was that...

  By Glenn Blackman
• 02 Aug

  

  

  Credit Control Agency

  One of the credit control agencies that we work with have been able to provide some first class credit control support to one of our clients, who needed help getting their unpaid invoices collected in. The agency took over the collection of the invoices from customers and they have improved the speed with with they are paid, reducing our client's debt turn. So they have a good track record of...

  By Glenn Blackman
• 20 Jun

  

  

  Help With Invoice Finance Prime Debtor Problems

  If you have one single customer, or perhaps just a handful of customers, it can cause you problems with your invoice finance facility.Some factoring companies like to restrict funding in respect of prime debtors (the biggest customer balances on your sales ledger). This can lead to all sorts of cash flow problems for the client. We have helped with many situations where a prime debtor restriction...

  By Glenn Blackman
• 06 Dec

  

  

  Investec Bank Plc Acquired Amicus Commercial Finance

  It has just been announced that on the 6th December 2017, Amicus Commercial Finance was acquired by Investec Bank Plc. The details of the deal were explained in an email to their introducers and contacts.Apparently the Amicus Commercial Finance brand will be retained for the next few months, and the contact details for Amicus will remain the same. Thereafter, it the business will be integrated...

  By Glenn Blackman
• 31 Jul

  

  DueCourse In Administration

  DueCourse Limited  have apparently gone into Administration. according to FinExtra the invoice financing fintech platform raised £6.5 million of funding, but have since gone into Administration.A quick search at Companies House reveals that the company DueCourse Ltd, registration number 09205274 went into administration on 14 July 2017.The company filed accounts to September 2016 that showed a...

  By Glenn Blackman
• 03 Jul

  

  

  5 Tips If You Only Have One Customer

  Most businesses start with one customer, however remaining reliant on just one customer can have serious consequences, which I detailed in my recent blog post "Help with invoice finance prime debtor problems". Whilst the problem is particularly problematic if you are using factoring or invoice discounting, the risks to your business also apply if you don't use this type of funding.The...

  By Glenn Blackman
• 22 Jun

  

  

  Testimonial As Invoice Finance Stops Recruiter Closing Down Business

  Its always nice when we get testimonials, this was one that we received regarding a client, a recruiter, who said that our assistance stopped them closing down their business.Recruitment finance is one of the areas that we tend to specialise in, as the number of staff agencies using invoice finance is approximately 20 times the national average.This was the comment given by one of the Directors...

  By Glenn Blackman
• 27 Jul

  

  

  Compare A Loan With Factoring

  The number of finance businesses that just send out their email marketing to all and sundry, without any opt in is staggering. It is not just small businesses, we get inundated with multiple email communications, to every email address, from but high profile names that you will be very familiar with - and that should know better than to send unsolicited emails.I have just had another email from...

  By Glenn Blackman
• 27 Jun

  

  

  Medical Reports Invoice Finance With Extended Recourse Periods

  A sector that should be ideally suited to the use of invoice finance to improve cash flow is the medical reports production associated with litigation cases. For example these could be medical reports in support of road traffic accident disputes, personal injury claims or medical negligence claims. Whilst few invoice finance companies will handle this sector, we can provide access to those that...

  By Glenn Blackman
• 30 Jul

  

  Construction Financing For Contractors

  We are trying to raise awareness of construction financing for contractors which is a little known form of finance available to UK subcontractors in the construction sector. Any help you can give us by sharing our post about this is much appreciated.We researched the need for this type of gap funding. Three quarters of sub-contractors that we polled that raised applications for payment, 85% of...

  By Glenn Blackman
• 26 Jun

  

  

  Corporate Rescue Alternative To Insolvency

  If you are searching for help with corporate rescue you might be interested in an alternative option to raise money, that does not involve insolvency.If your business is being overwhelmed with debt that you owe, you may have been considering options like speaking to an insolvency practitioner about various forms of insolvency such as Administration, receivership, Creditors Voluntary Arrangements...

  By Glenn Blackman
• 13 Nov

  

  

  5 Facts About Invoice Finance

  These are 5 Facts About Invoice Finance for businesses that you should know about it you are an existing user, or if you are looking for a new source of business finance.Please share the above infographic on your blog or website, just cut and paste the following HTML code into your site:450 pixels wide:

  By Glenn Blackman
• 04 Aug

  

  

  Another 5 Star Review For FundInvoice

  FundInvoice has just received another 5 star review from a customer that we helped find a factoring facility last year. Good news because it shows that they are still happy with what we found for them.This was the comment that was left about FundInvoice, in addition to rating our service with 5 stars, the maximum possible:"Sean was very helpful when we were looking to move our factoring...

  By Glenn Blackman
• 17 Aug

  

  Tungsten Network Finance - Should The Invoice Finance Sector Watch Out?

  I was intrigued to read Motley Fool's post (15/08/17) about Tungsten Corporation PLC (and their recently launched invoice financing service), which said it was firmly on their list of stocks to avoid. I had heard about the Tungsten Network Early Payment product in the recent past as they had added this invoice financing option onto their supplier payment system. This, on the face of it, sounds...

  By Glenn Blackman
• 12 Jul

  

  

  Increase Overdraft

  "Please increase overdraft" - it sounds like a desperate plea to your bank manager!Many UK businesses use this kind of traditional bank finance, our high growth business research found fast growth businesses relying on loans (43%) and overdrafts (31%). We also found that 44% of startups that used loans or overdraft told us that they had less funding than they needed for their business.The...

  By Glenn Blackman
• 05 Oct

  

  

  Is Anyone Developing Blockchain Invoice Finance?

  If you are an invoice financer that has considered using blockchain / cryptocurrency please let me know.I am interested to know if any of the existing factoring and invoice discounting companies are either developing a cryptocurrency, blockchain invoice finance offering or have looked into using cryptocurrencies. So even if you decided not to go ahead, and discounted the option for some reason I...

  By Glenn Blackman