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• 11 Dec

  

  

  Business Cash In Time For Christmas

  It's still not too late to get business finance in place in time for Christmas (just!) - but if you delay much longer the opportunity will have passed, until next year.APPLY NOWI posted the other day about how the Christmas period puts additional cash flow pressures on businesses, what with having to pay staff early, bonuses and a slow down in customer payments.Maybe you have been putting off...

  By Glenn Blackman
• 07 Dec

  

  

  Receivables Finance Help For Construction Companies Rejected For Invoice Finance

  Construction sector companies often don't quality, or are rejected for invoice finance by the majority of the invoice finance companies. However cash flow can be an issue as debtor payment delays are common within the sector, and protection against bad debts can be helpful in the wake of large company failures, such as Carillion.Help is available though in the form of specialist receivables...

  By Glenn Blackman
• 06 Dec

  

  

  Hospitality And Construction Sectors Top The Insolvency Index

  Looking at some figures in Business Money, published from the Creditsafe Insolvency Index, it appears that the hospitality sector (hospitality, hotels, restaurants and bars) tops the insolvency index, followed by the construction sector and then manufacturing. Worrying if you supply those trades with goods or services.Figures from the Office For National Statistics suggest that generally, the...

  By Glenn Blackman
• 05 Dec

  

  

  Accounts Receivables Financing Statistics Show A Move Towards Larger Clients

  Having taken a look at the UK Finance (formerly the ABFA statistics) stats to the end of Q2 2018, there are a few trends that are worth noting. Overall members had made £21.4 billion of advances, the majority of that will be accounts receivable financing, with some £4.3 billion being ABL (Asset Based Lending) style facilities.The average advance per client has now increased to almost £531K,...

  By Glenn Blackman
• 03 Dec

  

  

  UK Ombudsman Proposals For Banking And Finance Complaints

  UK Finance, the trade association for the UK banking and finance industry, which was formed on the 1st of July 2017, has announced proposals to increase SMEs access to independent ombudsman services.Any SMEs with invoice finance related complaints should see our advice regarding invoice finance complaints.SMEs could soon have banking and finance disputes resolved, and dealt with, via a binding...

  By Glenn Blackman
• 30 Nov

  

  

  Thanks To Close Brothers For Inviting Us To Their SubZero Event

  One of the good things about being invoice finance brokers is that you occasionally get invited to introducer events run by the invoice finance companies.Close Brothers Invoice Finance kindly invited us to their introducer event, held yesterday, at the SubZero ice bar in London. Great fun sipping cocktails from glasses carved from blocks of ice, surrounded by ice sculptures, in a room kept at -5...

  By Glenn Blackman
• 29 Nov

  

  

  DIY Debt Collection - How To Collect An Unpaid Debt

  We are sometimes asked for help collecting overdue debts. If there are numerous debts or if they are substantial enough there are providers that will handle the case for you, however when the debt is smaller, maybe just a few thousand pounds, although important to you, you may also find that it is often not large enough to warrant getting professional debt collectors, or perhaps even solicitors...

  By Glenn Blackman
• 28 Nov

  

  

  Help Funding Christmas Cash Flow Problems

  Hard to believe its only November and we are already planning for Christmas, however there are good reasons to plan ahead at this time of year. The cash flow of your business can be particularly affected by the seasonal effects of Christmas.For example, staff expect to receive their monthly wages early, before the Xmas break - and in some cases there will also be Christmas bonuses due to be paid....

  By Glenn Blackman
• 27 Nov

  

  

  Clients Returning So We Must Be Doing Something Right

  We hope that our clients will stay with us indefinitely, however occasionally a client will choose to leave the invoice finance company that we introduce them to, in favour of an alternative. However, that is not always the end of the story. Like boomerangs, sometimes they come back!GET A FREE INVOICE FINANCE QUOTEI was pleased to see a recent example of a client recontacting FundInvoice, after...

  By Glenn Blackman
• 26 Nov

  

  

  Discussion Points From The Alternative & Receivables Finance Forum SME Insights Panel

  Following my previous post about the SME Insights panel at the Alternative & Receivables Finance Forum, I went to what was a well organised event, by BCR Publications, at the De Vere Grand Connaught Rooms, London, last Thursday, I was fortunate to have a great group of panelists, for the discussion which covered SME opinions on business finance, Brexit, Fintech and receivables financing trends.I...

  By Glenn Blackman
• 22 Nov

  

  

  November 2018 FundingVoice Magazine Is Out

  The November 2018 edition of FundingVoice magazine is now available online. See our back catalogue to read it:November 2018 FundingVoice - 100% Invoice FundingThis edition focuses on increasing funding for existing users, with reference to the 100% invoice funding options that are now available, and the option of funding the excluded debts outside of your existing invoice finance arrangement.We...

  By Glenn Blackman
• 20 Nov

  

  

  Are Revolving Credit Lines More Popular Than Single Invoice Finance?

  Which is more popular single invoice finance (SIF) or revolving credit lines? Our experience, as detailed below, is that the majority want revolving credit, with a more modest niche demand for SIF.COMPARE INVOICE FINANCE QUOTESIt's probably best to start with brief definitions of what these terms mean (see our free receivables financing guide for more information). Single invoice finance (SIF -...

  By Glenn Blackman
• 19 Nov

  

  

  Feedback From Care Staff Recruitment Company Using Select Invoice Finance

  Nice piece of feedback received from the Managing Director of a care recruitment business that we found a select invoice finance facility for, some time ago.After following up to see how things were going, we received an email saying the following:". . . thanks for checking in. Again, your input has helped massively throughout this whole journey.".Great to get such positive feedback.GET A FREE...

  By Glenn Blackman
• 16 Nov

  

  

  SME Insights Panel - Alternative & Receivables Finance Forum

  I had a briefing with the panelists for the SME Insights Panel at the Alternative & Receivables Finance Forum today, ahead of the event that I have been asked to moderate next week. The forum is organised by BCR Publishing, and there is a full day of presentations, panels, case studies and networking opportunities planned around alternative and receivables finance.The SME Insights panel promises...

  By Glenn Blackman
• 15 Nov

  

  

  Telephone Debt Verification Removed From Take On Process

  An interesting development from one of the invoice finance companies, who must remain anonymous for what will become obvious reasons.They have decided to remove the telephone debt verification procedure from their take on process, for new customers.Telephone debt verification is the process by which the invoice finance company will contact customers from the clients sales ledger, in order to...

  By Glenn Blackman
• 14 Nov

  

  

  Factoring For A New Start Haulage Company

  This is an interesting case that demonstrates just how flexible some UK factoring companies can be. We have just arranged a recourse factoring facility for a new startup haulage company handling frozen food. The company is operated by a foreign national, ex-driver, that was NOT a homeowner. These aspects may have posed a problem for some invoice finance companies.SEE THE PRICE OF...

  By Glenn Blackman
• 09 Nov

  

  

  Invoice Finance Facility

  In the last 12 months, FundInvoice have assisted many hundreds of UK businesses with advice, and in many cases, help finding an invoice finance facility. A 25% increase on last year.REQUEST A NO OBLIGATION CALL BACKWe provide a high quality, personal service to find you the best facility for your business. Our service has resulted in us receiving glowing testimonials from satisfied clients. Our...

  By Glenn Blackman
• 08 Nov

  

  

  Invoice Finance For Scaffolding

  We have recently been looking to assist a scaffolding company that were looking for invoice finance. This type of finance will release cash from their sales invoices as soon as they raise them, rather than having to wait for the customer (often construction sector businesses) to pay their invoice. We can also help finance the purchase of scaffold equipment and staging, if required.REQUEST A...

  By Glenn Blackman
• 06 Nov

  

  

  How We Can Help You Find Business Finance

  Having reviewed of our progress over the last year, I can report that we have again managed to increase the number of companies that we have assisted by 25% from last year.REQUEST A BUSINESS FINANCE QUOTEDuring the last year we have published two new free guides:We have continued to specialise in helping customers find business finance in difficult situations, unable to find the business finance...

  By Glenn Blackman
• 05 Nov

  

  

  Invoice Discounting Service Charge Average Percentage

  Invoice discounting service charge is often the term people use when referring to the "administration charge" made for invoice discounting services. It is the percentage of your turnover that you pay the funder to use the service.GET A QUOTE WITHOUT OBLIGATION (and no impact on your credit score).Read about how the costs are made up and what typical costs will be.To compare the fees between...

  By Glenn Blackman