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Alternatives to a Business Overdraft

Alternatives to a Business Overdraft

Over the last two decades we have seen banks move away from business overdrafts. There are a couple of reasons for this that we can look at later, but more importantly let’s discuss what the alternatives to an overdraft are. There are several alternatives but the most suitable alternative will depend upon what you actually […]

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Business Finance – What Solution is Best?

Business Finance – What Solution is Best?

Many businesses know they need money but don’t know what type of funding they need. Most businesses will ask for either a loan or an overdraft. When they start applying for loans and overdraft they may find that they are not available or they rely mainly on personal security. Understanding the type of funding you […]

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Invoice Finance – Factoring with DePoel

Invoice Finance – Factoring with DePoel

We have recently spoken to several  businesses who are supplying staff via DePoel. Historically this was a real issue for invoice finance providers due to the ‘pay when paid’ clause within the DePoel contracts. In fairness, you can see why DePoel place this clause within the agreement and they are not the only managed service […]

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Invoice Finance – Personal Guarantee or Indemnity (Fraud Warranty)

Invoice Finance – Personal Guarantee or Indemnity (Fraud Warranty)

Invoice Finance providers typically require some form of personal security from the directors of a business. This can take the form of a personal guarantee or an indemnity that some people refer to as a fraud warranty. It is important to remember that for either to be called upon there would have to be a […]

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