Monthly Archives: December 2011

Latest client – low minimum fees – ice cream company

We were recently approached by a company that sells ice creams and jams to independent shops. They were looking to offer credit terms to their customers with a view to increasing sales and gaining competitive advantage. However, as a small … Continue reading

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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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Good luck in 2012

As 2011 draws to an end we wanted to wish everyone all the best for the New Year. 2011 proved to be another challenging year in difficult economic times. A lot of SME’s still feel let down by our banks and … Continue reading

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Latest Client – Flooring Contractor – Factoring

We are delighted to welcome our latest client who is a flooring contractor. They specialise in laminate flooring and service large retail outlets. They were operating as subcontractors and while margins within their business is good the time it took … 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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Spot Invoice Discounting…..

Spot Invoice Discounting is promoted by Smart Factoring Quotes and so is Spot Factoring. What is the difference? In fairness there is no difference. The Spot Invoice Discounting is a disclosed facility and the debtor is required to pay the … 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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Factoring Special Offers

Factoring Special Offers are now included on the home page of Smart Factoring Quotes. If you are a lender with a special offer please let us know. If you are a business looking for the best invoice finance facility for your … Continue reading

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Why use a factoring broker?

Invoice finance facilities can be fairly complex when you look at how they calculate the cash generated and also the costs involved. In short the headline rates do not give the full picture. Invoice finance can be costly and typically … Continue reading

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