Monthly Archives: June 2011

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

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Why do lenders have a minimum contract period?

Well to be honest not all lenders do. The standard however does seem to be a 12 month contract with either a 3 or 6 month notice period. However, some lenders offer a 28 rolling contract and I have seen … Continue reading

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Minimum Base Rates – Do you know what you are paying?

Minimum base rates can mean you are paying more than you expect and more than you need to… When speaking to new clients and reviewing their existing facilities it is quite common for them not to be aware of the … Continue reading

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Supermarket Payment Terms

Whenever I see a client who is supplying supermarkets I always whince at the time it takes them to get paid and also the terms and conditions suppliers have to agree to. In April 2008 the competitions board confirmed that … Continue reading

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Latest client – A security company – 25% reduction in fees

Our latest client is a security company operating on the south coast of England. They supply staff to hotels, restaurants, bars and clubs. We have managed to reduce their costs by 25%. At the same time we have increased their … Continue reading

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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

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Beware indicative terms

We often speak to clients who say they have an “offer” from another lender. Typically this is nothing more than indicative terms and really should not be relied upon. Most lenders will follow the following process: Initial meeting Follow up … Continue reading

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Overdraft or Invoice Finance

I am often asked whether an invoice finance facility is cheaper than an overdraft facility. In short the answer is ‘no’. An invoice finance facility is typically more expensive than an overdraft facility. This is because of the workload involved … Continue reading

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