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Entries Tagged as 'Factoring'

Could Your Business Benefit From Invoice Finance?

Sarah Bean - Monday 30.05.17, 20:11pm

The Asset Based Finance Association (ABFA) recently announced that an increasing number of SMEs are turning to invoice finance, receiving over £4bn collectively in advances from ABFA members.
Invoice finance is of value to companies that supply ‘sell and forget’ goods and services to other businesses on credit and therefore have substantial value locked in their [...]

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Tags: Factoring · Invoice Discounting · invoice finance · sme invoice finance

Independent Thinking

Sarah Bean - Sunday 27.02.17, 14:07pm

The banks have come in for a bit of a battering recently, to say the least, but that aside there are plenty of reasons to choose independent invoice discounters and factors.  These include:
-Commercial Appetite The independents have enthusiasm for business and really want to find the right deal to meet your finance needs.
-Entrepreneurial Spirit They [...]

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Tags: Factoring · Invoice Discounting

Why Choose Factoring?

Sarah Bean - Thursday 10.02.17, 14:16pm

Factoring is a means of borrowing money against the security of your sales ledger. The factoring company advances you about 85% of the value of your invoices, which you will usually receive within 24 hours.  The factor will then collect the debt and pay you the balance, less their fee and interest charges.  Factoring is [...]

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Tags: Factoring

Call for More Flexible Bank Lending Criteria

Sarah Bean - Tuesday 12.16.16, 11:31am

Banks should exercise more flexibility over the criteria they use in granting funding to small companies, it has been claimed.
The Forum of Private Business (FPB) has called for bank managers to be authorised to exercise their knowledge of local businesses and to accept strong order books and letters of credit as proof of the financial [...]

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Tags: FPB · Factoring · Invoice Discounting · Overdraft · SME · Small Business · recession · sme invoice finance

ABFA Q1 statistics show positive trends

Sarah Bean - Thursday 03.06.16, 10:45am

The latest quarterly figures released today by the Asset Based Finance Association (ABFA) show total sales from firms financed by asset based finance have increased, with client sales at £49,371 million, a rise of eight per cent from March 2014.
Whilst there has been an eight percent increase in turnover compared to the Q1 2014 figures [...]

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Tags: Factoring · Invoice Discounting · SME · Small Business · Uncategorized · abfa · sme invoice finance

Late payment impacts upon struggling SMEs

Sarah Bean - Thursday 13.05.16, 13:03pm

While the recession may officially be over, trading conditions for Britain’s SMEs remain extremely challenging, with 80% of businesses reporting increased late payment over the past six month according to new research commissioned by Hilton-Baird Financial Solutions, in conjunction with Credit Today.
Almost one in three businesses (32%) questioned in the report currently classified 30% or [...]

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Tags: Factoring · Invoice Discounting · SME · Small Business · sme invoice finance

IOD Seeks Action on Budget Deficit

Sarah Bean - Friday 02.04.16, 08:23am

The Institute of Directors thought that the Budget contained many positive initiatives to help small and medium-sized businesses but regretted that it did not reverse the increases in the top rate of income tax and national insurance contributions.
The organisation also expressed concern that the proposed reductions in the budget deficit do not go far enough, [...]

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Tags: Factoring · Invoice Discounting · IoD · SME · Small Business · UK Economy · sme invoice finance

Invoice Finance Made Easy

Sarah Bean - Thursday 18.03.16, 08:37am

The Asset Based Finance Association (ABFA) has launched an invoice finance presentation which provides an insight into the workings of the different types of funding available to businesses from the Asset Based Finance industry. The presentation guide takes an individual through how Invoice Finance works in practice; how the client communicates with the financier, how [...]

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Tags: Factoring · Invoice Discounting · SME · Small Business · sme invoice finance

Growth Slower Than Predicted

Sarah Bean - Friday 12.03.16, 08:20am

British Chamber of Commerce (BCC) has expressed concerns that recession was not a closed chapter, as the UK’s economy faces a slow recovery and a high risk of relapse.
The BCC’s latest fiscal forecast predicted a “highly uncertain” outlook for the UK economy, saying that it was likely to remain so “for a considerable time.”
The group [...]

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Tags: Factoring · SME · Small Business · UK Economy · Uncategorized · chambers of commerce · sme invoice finance

Banks still reluctant to lend

Sarah Bean - Wednesday 17.02.16, 08:52am

Banks that have received bail-out support from the government are still unwilling to lend money to businesses, a House of Commons committee has claimed.
According to the Public Accounts Committee, government ownership of some banks has still not resulted in improved rates of lending to small firms.
Despite commitments made under the terms of the Asset Protection [...]

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Tags: Banking · Factoring · Invoice Discounting · SME · Small Business · Uncategorized · sme invoice finance