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Welcome to the Smart Factoring Quotes Blog
Welcome to the Smart Factoring Quotes Blog. We aim to provide up to date topical information to business owners who are looking for an invoice finance facility. The Smart Factoring Quotes website and in fact our whole company ethos is … Continue reading
Perception of Factoring
When dealing with clients we are often told that the facility “must be confidential” because they fear their customers response to them factoring. I can accept that historically factoring was the finance of last resort but this is no longer … Continue reading
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Tagged banking, factoring, invoice discounting, invoice finance, perception, Prepayment, reduce costs, smart factoring quotes
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What does the current low Bank of England base rate mean to invoice finance users?
Well you may think that everyone is benefiting from the current low rates. Unfortunately this is simply not the case. If you have had a facility in place for some time it will be worth checking the small print and … 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
Spot factoring and invoice discounting
Perry Burns of Working Capital Partners talk us through the market for spot factoring A typical factoring or ID facility will be assessed on the creditworthiness of the supplier who will be expected to offer most, if not all, of … Continue reading
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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Tagged banking, factoring, invoice finance, smart factoring quotes
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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
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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Tagged Costs, factoring, invoice finance, reduce costs, smart factoring quotes
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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
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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