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• 09 Dec

  

  

  Funding For Accountants With Poor Sales Ledger Ageing

  We have just been able to help a company of accountants find a factoring facility after their existing provider sought to terminate their facility due to the ageing of their sales ledger. So if your factoring company want to terminate your facility, don't panic and get in touch to see how we can help you.CONTACT FUNDINVOICEAccountants are often paid late, it is an issue that seems to dog the...

  By Glenn Blackman
• 06 Dec

  

  

  Jack The Lad Gave His Time To Support The Rockinghorse Children's Charity

  I was fortunate enough to be invited to the Rockinghorse Children's Charity, Festive Fundraiser Gig on 3rd December 2019, at the Amex Stadium, Brighton, as a guest of Close Brothers Invoice Finance, one of our panel of funding partners."Jack The Lad", the popular radio DJ, real name Jack Hayes who has just joined More Radio, was there giving his time, free of charge, to compare the charity...

  By Glenn Blackman
• 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 This offer may be withdrawn without notice, and qualification criteria may apply.What this offer means is that you can save some money on the discount charge element of your invoice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...

  By Glenn Blackman
• 03 Dec

  

  

  Funding Available As The Construction Sector Downturn Eases

  New figures from Reuters (03/12/19) suggest that the downturn in the construction sector has eased in the last month, despite not returning to growth. Funding remains available to assist companies within the construction sector that are growing, or need finance to get them through these difficulties.GET CONSTRUCTION FINANCEReuters report that the IHS Markit/CIPS UK Construction Purchasing...

  By Glenn Blackman
• 02 Dec

  

  

  Help With The Christmas Payments Slowdown

  Christmas is only a few weeks away again, and it is now that many businesses will begin to notice the annual Christmas payments slowdown. This is when customers can take longer to pay.This can be due to:The impact on the cash flow of suppliers can be a problem. If customers don't pay as promptly as they should, or have previously, you won't have the cash coming in to meet your own creditor...

  By Glenn Blackman
• 28 Nov

  

  

  The November 2019 Edition Of FundingVoice Magazine Is Available

  The November 2019 edition of FundingVoice magazine, with all the latest news from the invoice finance sector, is now online.You can read it here: November 2019 FundingVoice - Invoice Finance Breaking News.This month we are asking our readers to take a quick, 4 question survey that will take less than 2 minutes to complete - so please help with that if you would be so kind.There is some...

  By Glenn Blackman
• 26 Nov

  

  

  Interested In Selling Your Groundworks Or Landscaping Business?

  We have connections to a variety of business advisers and we recently received a note from one of them that are seeking acquisitions on behalf of one of their clients. Are you aware of any businesses that are, of might be for sale?They are looking for businesses within the groundworks and landscaping sectors, ideally located in the South East or within a 70 mile radius of London.Potential...

  By Glenn Blackman
• 25 Nov

  

  

  How To Credit Check A Customer

  Granting credit to customers is often a leap of faith so conducting credit checks on a customer can give some element of comfort to the supplier. However, even the most well known, household names can fail.Recent experience with long established brands such as Thomas Cook, Mothercare and Debenhams (to name but a few that failed in 2019), shows that no one is immune to problems that can lead to...

  By Glenn Blackman
• 21 Nov

  

  

  A Request To Fund Crypto Currency Invoices

  We have just had a request in to provide funding against some invoices that are payable in cryptocurrency.It's early days with this particular enquiry, but it appears that the transactions are being quoted, and invoiced, in US Dollars (USD) - but that the transactions are to be paid in some form of crypto. This could be Bitcoin or any of the other alternatives. This could be an attempt to avoid...

  By Glenn Blackman
• 20 Nov

  

  

  I Just Had A "Thank You" From BCR Publishing

  You may be aware that BCR Publishing were kind enough to ask me to speak on a panel about invoice finance auctions at the annual Alternative & Receivables Finance Forum 2019. Well I just received a nice thank you note from them, as follows, that I wanted to share.It read as follows:"On behalf of BCR, I would like to extend a heart-felt thank you for your commitment to making the Alternative and...

  By Glenn Blackman
• 19 Nov

  

  

  Who Provides Invoice Finance To Small Startup Companies?

  At the Alternative & Receivables Finance Forum, in London last week, I had the opportunity to sit in the audience prior to the panel that I was speaking on. The other panel was about "Innovative Solutions In SME Financing". SMEs are small and medium sized businesses.The discussion started with a presentation from BVA BDRC about their SME Finance Monitor, which showed some movement towards SMEs...

  By Glenn Blackman
• 18 Nov

  

  

  Selective Invoice Funding Is Still Available

  Previously I reported that the selective invoice finance (SIF) industry has mostly moved away from the invoice auction model, towards a model whereby pricing is determined according to a pricing policy for each funder.There still remain a number of SIF providers that offer flexible funding against individual invoices, or batches of invoices. Some sectors, such as car crash repairers, have their...

  By Glenn Blackman
• 15 Nov

  

  

  BCR Alternative & Receivables Finance Forum 2019

  Yesterday I was pleased to have been invited to speak on a discussion panel, at the BCR Alternative & Receivables Finance Forum 2019.The discussion was titled "Are Auction Based Invoice Finance Platforms On A Sustainable Footing".The panel was as follows:Our panel quickly clarified that they are not aware of any selective invoice finance providers that are continuing to offer an "auction" based...

  By Glenn Blackman
• 13 Nov

  

  

  Marketinvoice Rebrands As MarketFinance

  Marketinvoice, the fintech invoice finance and business loan provider, has rebranded as MarketFinance (MF). Their recently updated logo has been adapted to reflect the new name.MARKETINVOICE LIMITED, company number 7330525, has changed its name and rebranded to MARKETFINANCE LIMITED.Since its inception in 2011, as a selective invoice finance provider, the firm has expanded its product range to...

  By Glenn Blackman
• 11 Nov

  

  

  How To Get Invoices Paid

  This post explains the steps that you can take to get invoices paid.When you offer your customers trade credit, typically you will raise a credit invoice that you send to the customer to request payment at a given future date. At that point the customer becomes your debtor.In some trades, such as construction, instead of an invoice an "application for payment" is presented to the customer. Which...

  By Glenn Blackman
• 08 Nov

  

  

  24% Increase In New Business Prospects

  We are really happy to report that on reviewing some statistics from the last year, we have seenA fantastic improvement on what we dealt with in the previous year.This stock take also comes at a time when we seem to be extremely business with new enquiries. Some of you have been kind enough to make introductions to us, in addition to our regular sources of invoice finance prospects. It is very...

  By Glenn Blackman
• 06 Nov

  

  

  97.5% Business Funding Success Rate

  We have managed to find funding for 97.5% of the businesses that we have spoken to over the course of the last year.FIND BUSINESS FINANCEWe regularly look back and back to see what proportion of customers we have been able to help. The last time we checked it was 97 percent. Well since then, we have improved by half a percentage point to 97.5%. A really high success rate.That means that we have...

  By Glenn Blackman
• 05 Nov

  

  

  The October 2019 Edition Of FundingVoice Magazine Is Online

  The October 2019 edition of FundingVoice magazine, our invoice finance e-newsletter, is not online for you to read:In the latest edition, we covered the normal variety of topics, all linked to the invoice finance sector:If you want to keep up to date with all the latest news from the invoice finance sector, we suggest you subscribe to FundingVoice, its completely free. That way, you don't miss...

  By Glenn Blackman
• 04 Nov

  

  

  Confirmed - Kier Suspended From The Prompt Payment Code

  Others may have also been surprised to see that Kier are not shown on the Prompt Payment Code suspension list (as at the time of writing), despite media reports that they have been suspended for late payments. The PPC have just confirmed to me that Kier will be added to the suspension list later today/tomorrow.According to a report in theconstructionindex.com (04/11/19), Kier, Seddon Construction...

  By Glenn Blackman
• 31 Oct

  

  

  How Does Pricing Work For Factoring & Invoice Discounting?

  Pricing for factoring and invoice discounting will vary between different providers, and depending upon the exact type of invoice finance product that you are taking out. That means both the amount of the fees that you pay will vary, and the way that they are structured.GET A QUOTEWe often come across prospects comparing prices between services that are not equivalent, that is a mistake. If you...

  By Glenn Blackman