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• 03 Jul

  

  

  Factoring Help

  If you need factoring help you are in the right place.To speak to a finance expert please call Sean on: 03330 113622 and he will be able to help you.Factoring is the term used to describe a range of financial services that are used by businesses that sell to other businesses on credit terms. The services improve their cash flow and remove or reduce the need to operate their own credit control...

  By Glenn Blackman
• 01 Jul

  

  

  Using Invoice Finance To Pay Off Debt

  The amount of business loans taken out in the wake of the coronavirus pandemic has seen the debt burden on UK companies soar to record levels. Whilst many of these loans carry an initial payment holiday, after the first 12 months the repayments will start to fall due, putting many under extreme pressure to meet the repayments. This is coupled with potential uncertainty about the UK economy.Loans...

  By Glenn Blackman
• 29 Jun

  

  

  Explaining Accounts Receivable Loans

  The terms "accounts receivable loans" can be used to refer to several different types of financial services for businesses. The term is not specific and can be applied to a number of products.Taken literally, it would refer to a business loan, secured against the book debts of the borrower, which are also called "accounts receivable". "Book debts" are all the outstanding amounts that customers...

  By Glenn Blackman
• 26 Jun

  

  

  Financing Business Growth

  When your business is fast growing, it can be difficult to finance that growth. Traditional bank facilities can find it difficult to keep up with your cash flow requirements, as they tend not to grow at the same rate as your sales turnover. Invoice finance is different as the amount of available funding grows in line with the growth in your sales turnover.GET A FUNDING QUOTEOur research has...

  By Glenn Blackman
• 24 Jun

  

  

  Growth Street Alternative Refinancing Funding Sources

  Growth Street Exchange Limited were one of the more recent funders to be added to the UK list of invoice finance companies (with a product named GrowthLine). However the group also offered business loans.An article in The Times (22/06/20) reported that Growth Street Limited have given small firms 3 months in which to repay their loans, or seek refinancing. Badly timed news in view of the...

  By Glenn Blackman
• 22 Jun

  

  

  FundingVoice June 2020 - Bad Debt Warning

  The June 2020 edition of FundingVoice magazine is ready to be sent out to our subscribers. You can read it online via the link below.This month marked Glenn Blackman's 20th anniversary since starting his own business. He is the editor of our magazine and produces FundingVoice each month.You can read our June edition here: FundingVoice June 2020 - now in PDF format (all back issues have now...

  By Glenn Blackman
• 19 Jun

  

  

  What Is Going To Happen Next In The UK

  This is my personal view on what is going to happen next to UK businesses and the economy in the UK.So, following the pandemic, we are starting to see a gradual easing of the lockdown, and a gradual return to work for most people. There are likely to be further relaxations in the lockdown conditions, however there will remain an impact on UK businesses until we either have a vaccine, an effective...

  By Glenn Blackman
• 17 Jun

  

  

  Cheaper Alternatives To Invoice Discounting

  If you are looking for cheaper alternatives to invoice discounting, we have a few options below.For support please call Sean on: 03330 113622.First let's start by explaining invoice discounting and how it works. Invoice discounting is a business financing service for companies that sell to other businesses, on credit terms. It can assist where you are selling services, or tangible products. The...

  By Glenn Blackman
• 15 Jun

  

  

  Today Marks 20 Years In Business

  Today marks my personal anniversary of 20 years in business. I can't  believe that it's been over two decades since I left my last job, and started working for myself. I feel I have been very fortunate to have had the opportunity.I have had plenty of ups (and a few downs) over that period, but I am still here. Overall I would totally recommend working for yourself to anyone that asked. It has...

  By Glenn Blackman
• 12 Jun

  

  

  How To Write A Business Continuity Plan

  Many businesses have recently tested their business continuity plan in the wake of the pandemic, and many others have had to create one "on the hop". I thought it might be helpful to put together a few helpful suggestions and resources to explain how to write a business continuity plan.A business continuity plan (BCP) is a defined planning stating how you intend to get your business up and...

  By Glenn Blackman
• 10 Jun

  

  

  Some Nice Words About Us From A Food Supply Company

  Some nice words that we have received from a prospect that we are assisting.The company is in the food supply sector, and they have been seeking invoice finance and asset finance, to support the financial needs of their business.This is what they said about us:"Thanks for all your help - if anyone is looking for finance I'll send them your way.".We always say that the greatest advocacy of a...

  By Glenn Blackman
• 08 Jun

  

  

  Market Conditions Interview For The Recruiter

  I had a conversation recently with a journalist that is preparing an article for The Recruiter magazine. He wanted to know how things were progressing in the invoice finance market, in the light of the recent pandemic and the associated lockdown.My reply was that we are thankfully we are still able to do business. Some invoice finance providers have become more cautious about the customers that...

  By Glenn Blackman
• 05 Jun

  

  

  Long Tail Bad Debt Warning & How To Protect Your Business

  In the wake of the pandemic, many of us are expecting there to be an uptick in the number of bad debts suffered by UK SMEs. Debtors cash flow has been under pressure for several months, and now is the time that many companies will be starting to run out of cash. Of course there are options to ease the pressure, such as government backed loans, grants and tax deferments that will help some...

  By Glenn Blackman
• 03 Jun

  

  

  FundingVoice April & May 2020 Are Now Online

  FundingVoice magazine April and May 2020 are now available online to read, free of charge:- FundingVoice May 2020 - Invoice Finance In One MinuteBelow is the previous edition:- FundingVoice April 2020 - An Alternative To A CBILS LoanWe start this edition with news from one of our funding partners, Optimum Finance, who have launched a facility approval app that is now embedded in our website....

  By Glenn Blackman
• 01 Jun

  

  

  Optimum Finance Launch Optimum Medic Funding For Healthcare

  Leading invoice finance fintech specialsits, Optimum Finance (OF) have launched a new product, a specialist service to provide  invoice finance service to companies supplying the UK healthcare, medical and pharmacy sectors. The product is called  "Optimum Medic", and it follows OF's recent launch of their Covid-19 support package for those hit by the current pandemic.The Optimum Medic invoice...

  By Glenn Blackman
• 29 May

  

  

  Can Factoring Be Free?

  Can factoring be free?Most people that sell to other business have to offer some form of trade credit terms. This is typically 30 days in the UK, but it does vary between sectors. This means that if you do a job or provide a product, you then raise your invoice, and the buyer has 30 days to pay for the product or service.This can create a cash flow problem as you often have to pay for raw...

  By Glenn Blackman
• 27 May

  

  

  Our Terms And Conditions Are Now Accepted As Part Of Applications

  FundInvoice have always been keen to ensure that customers have a clear understanding of what to expect and how we will handle their data. We have always had a simple set of Customer Terms & Conditions posted on our website. and all applications or contact request forms have been subject to those terms. Indeed I think we were one of the first brokers to state or terms on our site and we were...

  By Glenn Blackman
• 24 May

  

  

  Please Resend Your Contact Requests

  * URGENT MESSAGE FOR CUSTOMERS *If you have sent us a recent contact request PLEASE RESEND IT as we have not been receiving phone numbers!Specifically these include (without giving away too many details) call back requests from:A few days ago we updated our website so that customers would confirm acceptance of our standard Terms and Conditions before they sent us a contact request or business...

  By Glenn Blackman