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Tag Archives: smart factoring quotes
Latest client – low minimum fees – ice cream company
We were recently approached by a company that sells ice creams and jams to independent shops. They were looking to offer credit terms to their customers with a view to increasing sales and gaining competitive advantage. However, as a small … Continue reading
Spot Invoice Discounting…..
Spot Invoice Discounting is promoted by Smart Factoring Quotes and so is Spot Factoring. What is the difference? In fairness there is no difference. The Spot Invoice Discounting is a disclosed facility and the debtor is required to pay the … Continue reading
Factoring Special Offers
Factoring Special Offers are now included on the home page of Smart Factoring Quotes. If you are a lender with a special offer please let us know. If you are a business looking for the best invoice finance facility for your … Continue reading
Why use a factoring broker?
Invoice finance facilities can be fairly complex when you look at how they calculate the cash generated and also the costs involved. In short the headline rates do not give the full picture. Invoice finance can be costly and typically … Continue reading
Latest Client – Single Invoice Factoring – Recruitment
Our latest client is a permanent recruitment company who was looking to access some cash for a short period of time. We fully explained their options and the associated costs and they decided a spot factoring facility was the best … Continue reading
Perception of Factoring
When dealing with clients we are often told that the facility “must be confidential” because they fear their customers response to them factoring. I can accept that historically factoring was the finance of last resort but this is no longer … Continue reading
Latest Client – Engineering Company
We were recently asked to help an engineering business who wanted to leave their existing funder who was a high street bank. The business taking the opportunity to implement a new strategy which was to focus on higher margins and … Continue reading
Posted in Asset Refinance, Costs, General, Invoice Factoring, Invoice Finance
Tagged banking, Costs, engineering, factoring, invoice finance, reduce costs, smart factoring quotes
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BofE base rate kept at 0.5% – are you benefiting?
The Bank of England base rate will remain at 0.5%. It is publicised that this is good news for borrowers but bad news for savers. If you are an invoice finance client there is a good chance you are operating … Continue reading
Sunday Papers – Bad Advice?
I was reading an article in the sunday papers about an undercover journalist who had approached the high street banks with a business plan. He was requesting a £3,000 overdraft facility for a retail jewellery business. His complaint was that … Continue reading