Helping our clients understand the funding solutions available
5 things to consider when comparing factoring quotes
Invoice finance is a niche, over-complicated product!
It’s a fantastic cash flow solution when deployed correctly, but unless you know exactly what you should be looking for, you can easily get it wrong and end up with a funding facility that isn’t working as well as it should be for your business.
5 balance sheet assets you can leverage
Are you frustrated by a lack of cash?
You may already have a bank overdraft or a loan, but what if it isn’t enough?
Many business owners aren’t aware of asset based lending, and exactly which assets on the company balance sheet can be leveraged to generate working capital.
In this article, I summarise the main considerations of each asset class.
Invoice finance vs bank overdraft: which is better?
Invoice finance is most commonly compared with a bank overdraft.
But invoice finance has a couple of very important advantages.
What is invoice finance?
Invoice finance is a way for businesses selling their goods or services to other businesses to borrow cash using their outstanding sales invoices (or accounts receivable) as security.
Your unpaid sales invoices (debtors) are an asset; provided you are selling to good quality customers and the invoices are going to get paid, they are of value to a lender as security or collateral for a loan.
Invoice discounting vs factoring: which is better?
So, which is better for your business - factoring or invoice discounting?
Some businesses appreciate the additional benefits of invoice factoring; out-sourcing credit control can save time and money and reduce the risk of bad debts.
4 reasons you should be using invoice finance
Invoice Finance is hardly a new concept - it's been around in some form for hundreds of years. Today, it's used by thousands of businesses worldwide - of all shapes and sizes - as a reliable method of generating working capital.
So, why is it still a relatively niche product?
Invoice finance: top 5 objections
Although invoice finance has grown in popularity considerably in recent years, and the product continues to evolve and develop, some age-old myths about it still exist today.
It's niche, and perceived as being far more complicated than conventional lending products, and as such a lot of misinformation and misunderstanding surrounds it.
5 Reasons why invoice finance isn’t growing quickly enough
Earlier this week, I enjoyed a couple of days in Edinburgh attending the Asset Based Finance Association's annual conference. ABFA represents the asset based finance (invoice finance and asset based lending) industry in the UK and the Republic of Ireland, and the conference is attended by most of the senior leaders in the industry.