We are seeing more and more lenders moving towards a 28 day rolling contract. Historically, lenders would sign clients up to a 12 month contract with a 3 month notice period. This was done on the basis that lenders costs were front loaded so they would recover these costs in an orderly manner over a […]
We can offer a genuine 100% prepayment against the gross value of invoices. In recent years we have seen the prepayment levels rise from 80% up to 90% as a norm while lenders strive to offer clients more and win market share. However, we now have the ability to offer a genuine 100% prepayment level. […]
Typically large businesses that are sensitive about their supply chain will implement a ban on assignment within their contracts. This means that suppliers cannot assign part of their contract to another business. This is typically so the the likes of the MoD or pharmaceutical companies ensure that after checking the manufacturing standards of a supplier […]
Are They Reducing? When I look back at the rates charged for invoice discounting over the years I think they probably bottomed out in 2007 just ahead of the banking crisis. The financial sector was booming and competition to win business was strong. The rates jumped back up as invoice finance was one of the […]
You may be asking how much factoring will cost your business? Factoring certainly has a cost attached to it and that cost is not insignificant. Many businesses ask if factoring is expensive relative to an overdraft and the simple answer, despite many articles to the contrary, is yes it is more expensive than an overdraft […]
When you have gone through the process of arranging an invoice finance facility, the temptation can sometimes be to just leave it as it is. There are, however, many good reasons, for keeping the facility and your provider under constant review. Here are our top 5.