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Category Archives: General
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
FPB Launches plan for growth
The Forum of Private Business has come up with a 3 pronged attack for growth. slash government red tape reduce the complexity of our tax ststem halt the rising fuel and utility prices This was launched after the announcement that … 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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Timely payments from customers improves cashflow
This is clearly stating the obvious but how many customers do you have that pay on time? It is important to explain your payment terms to customers from the very start of the relationship. If you are receiving late payments … Continue reading
Posted in Costs, General, Invoice Factoring
Tagged Costs, factoring, increase profits, increase sales, payment terms, reduce costs
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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