New Year – New Finance Facility?

Posted on January 15, 2012 by Invoice Factoring

As it is the new year would it be worth reviewing your finance facility? It is probably a worthwhile exercise for the following reasons:

  • you may be paying a minimum base rate which means you are paying too much and not benefitting from the current low base rate
  • has your turnover increased? If so your service fee is probably too high as it is based on your lower turnover when you set up the facility.
  • Is your funding restricted? If so, structure a facility properly so that cash generation is maximised.

Smart Factoring Quotes will happily conduct a review for you. We will do all the work and our service costs you nothing.

Get in touch today to find out how much money you can save.

Posted in Costs, General, Invoice Discounting, Invoice Factoring, Invoice Finance | Tagged Costs, factoring, increase profits, invoice discounting, invoice finance, reduce costs, smart factoring quotes | Leave a comment

Are minimum fees increasing your costs?

Posted on January 8, 2012 by Invoice Factoring

If you have an invoice finance facility where the minimum fees are being charged each month then the likelihood is that you are paying too much for your facility.

The minimum fee will be the default charge where your monthly turnover has fallen below expected levels.

If this is happening on a regular basis I am confident that Smart Factoring Quotes will be able to save you money by restructuring your facility.

Get in touch today.

Posted in Costs, General, Invoice Discounting, Invoice Factoring, Invoice Finance | Tagged Costs, factoring, increase profits, invoice finance, reduce costs, smart factoring quotes | Leave a comment

Good luck in 2012

Posted on December 29, 2011 by Invoice Factoring

As 2011 draws to an end we wanted to wish everyone all the best for the New Year.

2011 proved to be another challenging year in difficult economic times. A lot of SME’s still feel let down by our banks and the government.

At Smart Factoring Quotes 2011 was a good year and we were delighted to have helped a record number of businesses secure much needed working capital facilities.

We look forward to working with you in 2012. We hope it is a good year for everyone.

Posted in Costs, General, Invoice Discounting, Invoice Factoring, Invoice Finance | Tagged banking, Costs, factoring, increase profits, invoice discounting, invoice finance, reduce costs, selective factoring, smart factoring quotes, spot factoring, spot invoice discounting | Leave a comment

All the best for the festive season

Posted on December 15, 2011 by Invoice Factoring

The Smart factoring Quotes team would like to wish everyone all the best for the festive season.

It has been a challenging year for many businesses that we have spoken with. Hopefully 2012 will bring easier times.

For now we wish you happy times with your loved ones.

Posted in Costs, General, Invoice Discounting, Invoice Factoring, Invoice Finance | Tagged Costs, factoring, increase profits, invoice discounting, invoice finance, reduce costs, smart factoring quotes, spot factoring, spot invoice discounting | Leave a comment

We have reduced a clients service fee by over 50%

Posted on November 13, 2011 by Invoice Factoring

We have been working with a print company who were using their own bank to provide invoice finance facilities.

They enquired via our website about reviewing their facility.

We discovered that their bank had essentially been overcharging them for the invoice finance facility. This was as a result of their turnover having doubled since they set up the agreement.

By undertaking a full market review we not only improved the structure of the facility but also saved our client over 50% on their service fee.

If you have an existing facility it is imperative you review it on a regular basis. At Smart Factoring Quotes we would be delighted to assist.

Posted in Costs, General, Invoice Discounting, Invoice Factoring, Invoice Finance | Tagged banking, Costs, factoring, increase profits, invoice discounting, invoice finance, reduce costs, smart factoring quotes | Leave a comment