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• 21 Jul

  

  

  MarketInvoice Pro Now Handles Euros & US Dollars

  MarketInvoice PRO, the new whole turnover invoice finance offering from Europe's largest peer-to-peer invoice finance platform, was lauched in February 2017. It has already been upgraded to be able to handle currency invoices in addition to invoices in Sterling (GBP).MarketInvoice PRO is now able to handle the following currency invoices:Making it even more flexible.If you would like more...

  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
• 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
• 05 Jul

  

  

  Engineering Consultants One-Off Spot Factoring

  If you just need funding for a single order, or for a single batch of invoices, you can get spot factoring for just that, on a one-off basis.We recently helped an firm of engineering consultants get one off spot factoring. The company had been able to finance their own cash flow, but they had the opportunity to take on a large order from a customer. There would not have been able to fund this...

  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
• 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
• 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
• 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
• 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
• 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
• 12 Jun

  

  

  Selective Invoice Finance Fast

  This is an example of just how we can get selective invoice finance fast for a client - we can ensure a fast turnaround for you if you need help quickly.In this particular case we were contacted by a car repair body shop that was looking for a selective invoice finance facility. They contacted us on a Sunday, we introduced one of our funding partners, that specialises in car body repair shops, on...

  By Glenn Blackman