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Category Archives: Invoice Finance
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
Permanent Recruitment – 70% prepayment
Our latest client has drawn down on funding today. They are a fairly new start permanent recruitment company who are looking to smooth cash flow. We have arranged a confidential facility with a 70% prepayment.
Posted in General, Invoice Discounting, Invoice Factoring, Invoice Finance
Tagged Confidential, Perm, Permanent Recruitment, Prepayment
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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
Why do lenders have a minimum contract period?
Well to be honest not all lenders do. The standard however does seem to be a 12 month contract with either a 3 or 6 month notice period. However, some lenders offer a 28 rolling contract and I have seen … Continue reading
A new facility for a security company with a single debtor
Smart Factoring Quotes are delighted to have assisted our newest client secure an invoice finance facility. We have put in place a factoring facility to help a Manchester based security company with a single debtor. Before approaching Smart Factoring Quotes … Continue reading
Posted in General, Invoice Factoring, Invoice Finance
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Minimum Base Rates – Do you know what you are paying?
Minimum base rates can mean you are paying more than you expect and more than you need to… When speaking to new clients and reviewing their existing facilities it is quite common for them not to be aware of the … Continue reading