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• 19 Aug

  

  

  Invoice Finance Or Factoring With No Minimum Criteria

  In the past, there were minimum size criteria applied to businesses that were seeking invoice finance or factoring.  Different providers would set the minimum size criterion at different levels, but used to reflect a fairly substantial volume of turnover, in order to make a facility viable.This practice is no longer the norm in all cases, with the emergence of selective invoice finance. A...

  By Glenn Blackman
• 15 Aug

  

  

  Our Achievements At FundInvoice

  Very quickly I wanted to share some highlights from FundInvoice's recent achievements as company finance brokers:For help and advice about finding business funding or invoice finance please call Sean on 03330 113622....

  By Glenn Blackman
• 14 Aug

  

  

  Receivables Discounting

  Receivables discounting, sometimes called accounts receivable discounting (or A/R Discounting), is a business financing facility whereby the debts that your customers own you are sold to funder at less than the full face value i.e. at a discount.FIND OUT THE COST OF RECEIVABLES DISCOUNTINGReceivables means the monies that you are owed by customers. These can be invoices for goods or services that...

  By Glenn Blackman
• 13 Aug

  

  

  Cash Flow Finance

  Cash flow finance is a term that can encompass all the invoice finance products and also some business loans. Even an overdraft might fall under that category. Pretty much any finance that is for working capital purposes i.e. not to buy an asset, could be included under this banner.APPLY FOR CASH FLOW FINANCEI thought I would check how easy it is for a company to find cash flow finance quotes...

  By Glenn Blackman
• 12 Aug

  

  

  Why Factoring Is Used

  In my blog post yesterday, I wrote about the perception of one of the invoice finance providers that factoring is growing in popularity. To a certain extent, in recent times, the industry statistics do show a slight swing towards factoring products, as opposed to invoice discounting.This post just explains the reasons why companies use factoring rather than other forms of invoice finance.The key...

  By Glenn Blackman
• 11 Aug

  

  

  Is Factoring Growing In Popularity?

  We regularly have meetings with factoring companies to keep up to date with the latest pricing offers and product developments.In a meeting the other day, with one of the small independent factors the Sales Director told us that they were experiencing an increase in the number of factoring enquiries, over and above the demand for invoice discounting. He suggested that they were seeing factoring...

  By Glenn Blackman
• 10 Aug

  

  

  Care Staff Recruitment Invoice Finance

  We have been successful in finding invoice finance for a number of companies operating within the UK care sector.REQUEST A FREE QUOTEOften the provision of care workers is funded by local authorities, but there can be delays in receiving payments for services already rendered. See our free credit control guide for tips about chasing local authority debts.We have introduced many care staff...

  By Glenn Blackman
• 09 Aug

  

  

  Invoice Finance Unlocks Rapid Turnover Growth For Car Body Repair Companies

  I just did a quick comparison of the factored monthly turnover achieved by some of the car body repair companies that have been using invoice finance, found through us, for over a year. They show a very high turnover growth rate, increasing by a multiple of almost 4 times over the volume achieved a year ago.I took just those body shops that were already using invoice financing services, found...

  By Glenn Blackman
• 08 Aug

  

  

  Construction Equipment Sales Index Shows Continued Growth

  Another positive report today, showing growth in the number of sales of construction and earthmoving machines during Q2 2018. According to a report from theconstructionindex, the second half of 2018 showed 3.8% growth in the number of sale, compared with the same period in 2017.The first half of this year showed 5% growth against the same period in 2017. Although value is not reported, sales of...

  By Glenn Blackman
• 07 Aug

  

  

  The Difference Between Profits And Cash Flow - Need Help?

  There is a huge difference between profits and cash flow. A business can be very profitable but still have poor cash flow - profits are no guarantee that you won't run into a cash flow problem. Even the big businesses can feel the effects of cash flow restrictions.In high level, layman's terms, profit is what you make on your sales, your profit margin. Cash flow is how the money from sales moves...

  By Glenn Blackman
• 06 Aug

  

  

  Research Suggests Need For External Business Finance Among Growing Businesses

  Interesting to read the London School of Business and Finance, quoting research by Wesleyan Bank, that apparently showed some confident growth prospects, and and appetite for external business finance amongst UK businesses.The research across 500 business owners of SMEs showed that over 50% now have more confidence in the growth prospects for their company than they did last year. In addition,...

  By Glenn Blackman
• 05 Aug

  

  

  Alternatives To Bank Overdraft

  There are alternatives to bank overdraft, and they can have a number of benefits beyond those offered by an overdraft (OD).It is common practice that when a business needs to raise some capital it approaches its bank. It seems a logical step, although one has to remember that a bank will only offer their own products. There is an entire alternative finance market available, delivered by numerous...

  By Glenn Blackman
• 04 Aug

  

  

  Barclays Bank Takes An Equity Stake In Marketinvoice

  In a surprising move, Barclays Bank have *reportedly taken a significant minority stake in Marketinvoice, the Fintech business funding platform. The move was reported to be as part of a strategic partnership, between the two organisations, to offer Marketinvoice's invoice financing services to some of Barclays' customers. Finextra quotes Ian Rand, CEO of Barclays Business Bank as saying ". . ....

  By Glenn Blackman
• 03 Aug

  

  

  Base Rate Increases To 0.75 Percent

  Yesterday, 2nd August 2018, the Bank of England (BOE) announced its decision to increase bank rate to 0.75%, according to BBC reports. A rise of 0.25%, and only the second rise in the last decade. This marks the highest base interest rate since March 2009. There will be a whole generation in the UK that have never known interest rates to be the heady 5 to 15% levels that some of us remember...

  By Glenn Blackman
• 01 Aug

  

  

  34% Average Invoice Finance Cost Saving Achieved

  From time to time we check the average cost savings that we are achieving for our invoice finance customers.As at August 2018, over the previous 12 months, we have found average cost savings of 34% for our invoice finance customers seeking price reductions on quotes received from other invoice finance companies.CHECK HOW MUCH YOU COULD SAVE ON INVOICE FINANCEWe achieve these savings by being able...

  By Glenn Blackman
• 31 Jul

  

  

  Invoice Discounting For An Electric Bicycle Distributor

  Electric bicycles, or e-bikes, are a fast growing market, as many people seeking to live a greener life and replace their journey to work in a petrol or diesel powered car, with something less polluting.We were recently able to arrange a confidential invoice discounting facility for a UK based distributor of electric bicycles, in order to support their future growth.GET A QUOTE FOR INVOICE...

  By Glenn Blackman
• 30 Jul

  

  

  The Risk Of Customer Bad Debts Is Rising

  The risk of customer bad debts is rising as there has been an increase in both corporate and personal insolvencies. It is time to protect your business against the risk from customers taking trade credit. Protection against taking customer bad debts is still on offer at present.REQUEST DETAILS OF BAD DEBT PROTECTIONAn article in The Times dated 28th July 2018 reported that personal insolvencies...

  By Glenn Blackman
• 26 Jul

  

  

  Selective Invoice Finance For Installation Of Car Charging Points

  This case study concerns a client in a very different industry sector that we were able to find a selective invoice finance facility.GET A FUNDING QUOTEThe small business was an installer involved with the installation of car charging points for electric cars. They also undertook some solar panel installation, under the Government's green deal scheme.Car charging points, for electric cars, are...

  By Glenn Blackman
• 25 Jul

  

  

  Startup Invoice Finance For A Driver Hire Recruitment Agency

  It is not always easy for a new start recruitment agency to find an invoice finance company that is prepared to deal with new start-up businesses. The risk involved with the potential failure of new ventures means that some funders choose not to deal with newly formed companies. Once established however, just about every funder will be happy to assist, but in the initial stages the choice is...

  By Glenn Blackman
• 24 Jul

  

  

  Bibby Subcontractor Survey Highlights Late Payments & Bad Debts

  The 2018 Bibby Financial Services subcontractor survey highlighted a number of construction sector issues including late payments and bad debts in the construction sector.The report suggests that following the collapse of Carillion, 47% of construction sector subcontractors are now wary of dealing with large main contractors, for fear of a similar situation arising.There is some reason to take...

  By Glenn Blackman