Invoice finance – B Through Z http://bthroughz.com/ Tue, 14 Dec 2021 08:28:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bthroughz.com/wp-content/uploads/2021/08/icon-23-150x150.png Invoice finance – B Through Z http://bthroughz.com/ 32 32 Time Finance: invest in the Invoice Finance team with the appointment of Lauren Maloney https://bthroughz.com/time-finance-invest-in-the-invoice-finance-team-with-the-appointment-of-lauren-maloney/ Tue, 14 Dec 2021 08:28:13 +0000 https://bthroughz.com/time-finance-invest-in-the-invoice-finance-team-with-the-appointment-of-lauren-maloney/ Time Finance is pleased to announce that it has appointed Lauren Maloney as Business Development Manager within its Invoice Finance team. Lauren joins over 14 years of experience in the financial services industry. Early in her career, she held relationship management and portfolio management positions at NatWest and Santander, before moving to business development positions […]]]>

Time Finance is pleased to announce that it has appointed Lauren Maloney as Business Development Manager within its Invoice Finance team.

Lauren joins over 14 years of experience in the financial services industry. Early in her career, she held relationship management and portfolio management positions at NatWest and Santander, before moving to business development positions in invoice financing at Bibby Financial Services and Newable. In her new role at Time Finance, Lauren will be responsible for building and maintaining strong introductory relationships in the Yorkshire, Humberside and Lincolnshire regions, helping their clients receive the funding needed to fuel the investment and the growth.

Speaking of her appointment, Lauren said: “I am absolutely delighted to join Time Finance. There is a definite momentum in the market, with investments topping the list and many business owners looking for a financial boost to help them capitalize on. new business opportunities in the new year. I ‘m really looking forward to introducing Time Finance invoice financing solutions to my introducers and their clients as companies continue to seek out funders who can help progress to their next phase of growth.

The announcement follows a number of recent appointments and promotions within Time Finance, including Jonathan Johnson as Director of Business Development in their invoice finance team, Jake Bebbington as Director of Business Development in their Commercial Loans Team and Dan Hindmarsh as a Broker Manager in their Asset Finance team. . All of this once again demonstrates the company’s commitment to investing in its people and delivering a solid multi-product solution to UK SMEs.

Andy Hume, Sales Manager (North) at Time Finance, said: “Lauren is a great addition to our team, and we are delighted to have her on board as we continue to expand our presence across the UK.

“As a national sales team, we are committed to providing valuable, core financing solutions to companies looking to unlock additional working capital for innovation and growth. We have ambitious growth targets to continue to provide UK SMEs with easy access to our invoice financing. solutions and Lauren’s appointment will help us get there. ”

Invoice Finance can ease the pressure on cash flow and give businesses the freedom to grow. By freeing up to 90% of the value of unpaid invoices, business owners can access additional working capital and use the funds to meet daily cash flow needs or support innovation and growth. Time Finance offers confidential and disclosed facilities ranging from £ 10,000 to £ 2.5million, with the added flexibility that their facilities can grow alongside a business.

Time Finance also specializes in providing or implementing asset finance, loan and vehicle finance solutions. Their RLS accreditation with the British Business Bank offers an additional opportunity to support the growth of SMEs through financing and asset lending facilities.


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Time Finance appoints Invoice Finance BDM https://bthroughz.com/time-finance-appoints-invoice-finance-bdm/ Tue, 14 Dec 2021 06:27:22 +0000 https://bthroughz.com/time-finance-appoints-invoice-finance-bdm/ Time Finance has appointed Lauren Maloney as Business Development Manager within its invoice finance team. Maloney (pictured) joins over 14 years of experience in the financial services industry. Early in her career, she held relationship management and portfolio management positions at NatWest and Santander, before moving to business development positions in invoice finance at Bibby […]]]>

Time Finance has appointed Lauren Maloney as Business Development Manager within its invoice finance team.

Maloney (pictured) joins over 14 years of experience in the financial services industry. Early in her career, she held relationship management and portfolio management positions at NatWest and Santander, before moving to business development positions in invoice finance at Bibby Financial Services and Newable.

In his new role at Time Finance, Maloney will be responsible for building and maintaining strong introductory relationships in the Yorkshire, Humberside and Lincolnshire regions, helping their clients receive the funding needed to fuel the investment and the growth.

Maloney said, “I am absolutely delighted to join Time Finance. There is definite momentum in the market, with investments at the top of the list and many business owners looking for a financial boost to help them capitalize on new business opportunities in the new year. .

“I really can’t wait to introduce Time Finance’s invoice financing solutions to my introducers and their clients as companies continue to look for funders who can help them move forward into their next phase of growth. “

The announcement follows a number of recent appointments and promotions within Time Finance, including Jonathan Johnson as Business Development Manager in their invoice finance team, Jake Bebbington as Business Development Manager in his Commercial Loans Team and Dan Hindmarsh as Broker Manager in the Asset Finance Team. .

Andy Hume, Sales Manager (North) at Time Finance, said: “Lauren is a great addition to our team, and we are delighted to have her with us as we continue to expand our presence across the UK. .

“As a national sales team, we are committed to providing valuable, core financing solutions to companies looking to unlock additional working capital for innovation and growth. We have ambitious growth targets to continue to provide UK SMEs with easy access to our invoice finance solutions and Lauren’s appointment will help us achieve this.


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When to choose invoice financing over a business loan https://bthroughz.com/when-to-choose-invoice-financing-over-a-business-loan/ Thu, 09 Dec 2021 13:00:00 +0000 https://bthroughz.com/when-to-choose-invoice-financing-over-a-business-loan/ For new and established businesses, managing cash flow can be a challenge. And if customers get into the habit of delaying payment, you may find yourself stuck as a business if you don’t run into other issues later. Invoice financing works around this problem by allowing you to borrow against the value of unpaid invoices. […]]]>

For new and established businesses, managing cash flow can be a challenge. And if customers get into the habit of delaying payment, you may find yourself stuck as a business if you don’t run into other issues later.

Invoice financing works around this problem by allowing you to borrow against the value of unpaid invoices. The amount of funding available increases as the number of invoices increases and decreases (with associated costs) during quieter times.

Octet supply chain manager Joe Donnachie says invoice financing may be suitable for businesses in a variety of industries – including transportation, labor leasing, and manufacturing – but many remain in the business. ignorance of what he has to offer.

“It is not uncommon for fast growing businesses to ignore that invoice financing is a viable option for them, as it can often get lost in the myriad of other financing solutions on the market,” he said. he declares.

So how do you know if invoice financing is better for your business than a traditional loan? Here are a few things to keep in mind.

Is flexibility a priority?

Founder and CEO of Timelio, Charlotte Petris believes that companies don’t have to choose one over the other, but there are times when invoice financing may be the most appropriate option.

“A business loan is sometimes used in conjunction with invoice financing, but unlike invoice financing, a loan is capped and the loan amount does not fluctuate with cash flow requirements,” she said.

This can sometimes hold back businesses, especially those experiencing seasonal demand and those that are (or could be) in a high growth phase and need additional cash flow.

“For these businesses, it can be difficult to accurately forecast cash flow requirements and having a funding facility that is flexible and evolves with the demands of the business,” said Petris.

What about security?

When you take out a loan from a traditional lender, you will be offered either a secured loan (which requires you to put property, vehicles, or inventory as collateral) or an unsecured loan (which tends to be matched). higher interest rate). .

Donnachie says warranty requirements can be an issue for businesses without physical assets, such as service businesses or those that are just starting out.

“Depending on where your business is at, you may not have the assets available to do this. Even if you do, taking out a loan may not be the best decision for your balance sheet, ”he said.

“Invoice financing is an attractive and flexible alternative. By using your receivables as collateral, you can quickly access valuable cash without having to offer collateral and keep your balance sheet.

The bottom line

Invoice financing is a way for businesses to reduce the long delays between selling a product or service and receiving payment. According to Donnachie, invoice financing may be suitable for businesses that have:

  • Long customer payment terms.
  • Seasonal sales cycles, in which cash flow fluctuates but costs remain constant.
  • Strong demand but limited cash flow.
  • A lack of physical assets to provide as collateral.
  • A desire to keep a healthy balance sheet.
  • A desire for a discount for early payment.

For more information, browse our guide to financing small business invoices.


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Transport company steps up growth plans with £ 600,000 invoice finance package https://bthroughz.com/transport-company-steps-up-growth-plans-with-600000-invoice-finance-package/ Tue, 07 Dec 2021 10:30:42 +0000 https://bthroughz.com/transport-company-steps-up-growth-plans-with-600000-invoice-finance-package/ X Sign up for free to receive the latest news straight to your inbox Register Time Finance has supported Lancaster-based Kidds Transport with £ 600,000 in funding implementing its ambitious growth plans. The family business was incorporated over 65 years ago from its base in Lancashire, where it first offered its services to local farmers […]]]>

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Time Finance has supported Lancaster-based Kidds Transport with £ 600,000 in funding implementing its ambitious growth plans.

The family business was incorporated over 65 years ago from its base in Lancashire, where it first offered its services to local farmers wishing to transport livestock and bales of hay.

Over time, the business grew and began to work with a larger and more diverse customer base, including food manufacturers and pharmaceutical companies.

With a large fleet of vehicles and a highly skilled workforce behind the wheel, Kidds Transport now averages 42,000 miles per week and delivers 1,400 pallets per day.

At the height of the pandemic, Kidds Transport found itself busier than ever. To meet the growing demand for delivery services from its growing customer base, the company turned to funder Time Finance for help.

Invoice finance was the solution, providing additional funding of £ 400,000 to meet daily cash flow needs and an additional overpayment of £ 200,000 XTRA Time to provide additional growth room and to fuel necessary investments, such as as new staff and fleet expansion.

Simon Park, Director of Kidds Transport, said: “We are delighted to be working with Time Finance. The financial support we have received has been fantastic. Not only did this provide an immediate injection of cash, but it also allowed us to focus our efforts on expanding our customer base and bringing more top talent into our business, thereby accelerating our growth.

“With the support of a funder like Time Finance behind us, it is an exciting time for our team and we look forward to the future and the direction we take for the business. “

Invoice financing frees up funds otherwise tied up in unpaid invoices, meaning businesses are no longer held back by a lack of cash flow. With facilities ranging from £ 10,000 to £ 2.5million, invoice financing can help businesses of all sizes.

Rob Walters, Director of Business Development at Time Finance, said: “It was essential to create a facility flexible enough to grow alongside the business and provide the necessary leeway for the investment.

“Kidds Transport is a brilliant company and one that we are delighted to work with. We look forward to continuing to support them in the years to come and help them bring their plans to fruition. “


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Aldermore Provides £ 900,000 Invoice Finance Facility | News from the North-West offers https://bthroughz.com/aldermore-provides-900000-invoice-finance-facility-news-from-the-north-west-offers/ Fri, 19 Nov 2021 12:30:31 +0000 https://bthroughz.com/aldermore-provides-900000-invoice-finance-facility-news-from-the-north-west-offers/ An Ashton-under-Lyne-based company has gone through the difficult circumstances of the Covid-19 pandemic to receive a financial boost and to grow and develop. Aldermore Bank provided an invoice finance facility of £ 900,000 to support the purchase of Bar Code Data Ltd in 2020. Then a CBILS facility was provided during the pandemic and the […]]]>



An Ashton-under-Lyne-based company has gone through the difficult circumstances of the Covid-19 pandemic to receive a financial boost and to grow and develop.

Aldermore Bank provided an invoice finance facility of £ 900,000 to support the purchase of Bar Code Data Ltd in 2020. Then a CBILS facility was provided during the pandemic and the business grew and developed since.

Bar Code Data Ltd is a barcode solutions provider and its expertise includes barcode scanners, mobile terminals, label printers and labels and tapes.

The company was established in 1990 and was acquired by Mike Jackson in January 2020.

Aldermore provided an invoice finance facility as part of the financing to support the agreement, and a Coronavirus Business Interruption Loan Program (CBILS) facility supporting the company’s cash flow during the pandemic.

Chris Meldrum, National Director of Business Development at Aldermore, said: “We are delighted to be working with Mike and his team at Bar Code Data.

“The company has used invoice financing wisely because it has helped it buy the business and weather the pandemic knowing cash flow will not be an issue.

“The funding we have provided will continue to help Mike and his team manage the growth of the business. We look forward to continuing to support the business in the years to come.

Mike Jackson, Managing Director of Bar Code Data Ltd, added, “The funding from Aldermore has helped us grow, allowing us to hire additional staff and purchase new equipment. It also means that we are never late in paying our suppliers. relationship with Aldermore.

“The team always had a very good personal touch and were available to help and lead us, for example with the structuring of the deal. What sets Aldermore apart for me is the flexibility of the approach.

“We had an invoice finance facility with a large bank in sister company PMSS, but we’ve actually brought it to Aldermore now. Aldermore has really been a great partner for us. “

Cheshire-based Efinity Finance Ltd recommended Aldermore for funding.


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Close Brothers Invoice Finance, Leeds | Factoring and discounting of invoices | Company Directory Profile https://bthroughz.com/close-brothers-invoice-finance-leeds-factoring-and-discounting-of-invoices-company-directory-profile/ Wed, 17 Nov 2021 10:08:45 +0000 https://bthroughz.com/close-brothers-invoice-finance-leeds-factoring-and-discounting-of-invoices-company-directory-profile/ Company presentation Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting and asset lending services, providing innovative tailor-made solutions to inject money into small and medium-sized businesses. Our facilities help clients achieve strategic goals such as business growth, acquisitions or mergers and support their cash flow needs. Services Loans on assets Factoring […]]]>

Company presentation

Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting and asset lending services, providing innovative tailor-made solutions to inject money into small and medium-sized businesses. Our facilities help clients achieve strategic goals such as business growth, acquisitions or mergers and support their cash flow needs.

Services

  • Loans on assets
  • Factoring
  • Discount on invoice

Company declaration

Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting and asset-based loans (ABL). As innovators in the industry, our bespoke solutions inject money into businesses of all sizes.

We help thousands of clients achieve strategic goals such as acquisitions or divestitures, buyouts or buyouts, acquisitions or mergers or simply to support their cash flow needs. Our unique invoice discount product, IDealTM, is the only product of its kind on the market today, providing businesses with same-day access to funds from new invoices, 24/7 and no more. anywhere in the world

Our Asset Loan Facilities (ABL) work alongside our invoice finance solutions, freeing up additional capital tied up in plant and machinery, inventory or property.

As one of the largest independent invoice finance providers, we provide widely recognized, high quality professional services. We pride ourselves on being able to offer tailor-made treasury solutions tailored to the needs of each individual client and as a result we have proudly won numerous industry awards.


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Close Brothers Invoice Finance, Birmingham | Factoring and discounting of invoices | Company Directory Profile https://bthroughz.com/close-brothers-invoice-finance-birmingham-factoring-and-discounting-of-invoices-company-directory-profile/ Wed, 17 Nov 2021 10:08:44 +0000 https://bthroughz.com/close-brothers-invoice-finance-birmingham-factoring-and-discounting-of-invoices-company-directory-profile/ Sectors: Factoring and invoice discounting Address: The Lewis Building, Bull St, Birmingham, B4 6EQ E-mail: . (JavaScript must be enabled to display this email address) Social media Twitter LinkedIn Youtube Email request Send a request to Close Brothers Invoice Finance close Company presentation Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting […]]]>
Sectors:
  • Factoring and invoice discounting
Address:


The Lewis Building, Bull St, Birmingham,

B4 6EQ

E-mail:

. (JavaScript must be enabled to display this email address)

Social media

Twitter

LinkedIn

Youtube

Email request

Send a request to Close Brothers Invoice Finance

close

Company presentation

Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting and asset lending services, providing innovative tailor-made solutions to inject money into small and medium-sized businesses. Our facilities help clients achieve their strategic goals such as business growth, acquisitions or mergers and support their cash flow needs.

Services

  • Loans on assets
  • Factoring
  • Discount on invoice

Company declaration

Close Brothers Invoice Finance is an independent provider of factoring, invoice discounting and asset-based loans (ABL). As innovators in the industry, our bespoke solutions inject money into businesses of all sizes.

We help thousands of clients achieve strategic goals such as acquisitions or divestitures, buyouts or buyouts, acquisitions or mergers or simply to support their cash flow needs. Our unique invoice discount product, IDealTM, is the only product of its kind on the market today, providing businesses with same-day access to funds from new invoices, 24/7 and no more. anywhere in the world

Our asset-based loan facilities (ABL) work alongside our invoice financing solutions, freeing up additional capital tied up in plant and machinery, inventory or property.

As one of the largest independent invoice finance providers, we provide widely recognized, high quality professional services. We pride ourselves on being able to offer tailor-made treasury solutions tailored to the needs of each individual client and as a result we have proudly won numerous industry awards.



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Wales manufacturing SMEs could unlock £ 1.1bn through invoice financing https://bthroughz.com/wales-manufacturing-smes-could-unlock-1-1bn-through-invoice-financing/ Thu, 11 Nov 2021 22:18:25 +0000 https://bthroughz.com/wales-manufacturing-smes-could-unlock-1-1bn-through-invoice-financing/ A new study from Siemens Financial Services (SFS) estimates that £ 1.1bn could be freed up for manufacturing SMEs in Wales through the use of invoice financing.[1] The report, titled ‘Money Trapped in Manufacturing – Wales’, recognizes late payments as a particular problem for SMEs in the region. Businesses in Wales have an average of […]]]>

A new study from Siemens Financial Services (SFS) estimates that £ 1.1bn could be freed up for manufacturing SMEs in Wales through the use of invoice financing.[1]

The report, titled ‘Money Trapped in Manufacturing – Wales’, recognizes late payments as a particular problem for SMEs in the region. Businesses in Wales have an average of 27 days past maturity (DBT) before they receive their money.[2]

The manufacturing sector is an important part of the Welsh economy, producing around 18.7% of the region’s non-financial commercial output, the largest of all other regions.[3] The manufacturing sector is largely made up of SMEs that operate within a complex supply chain involving companies from the UK and around the world, but who are more prone to cash flow problems than their larger counterparts.

Using invoice financing, when a business invoices its customer, up to 90% of the approved invoice total is immediately advanced by the financing provider, with the remaining 10% paid after the customer has paid the balance. . This provides the business with essential working capital so that it can then invest in expanding its business without having to wait for bills to be paid.

The financing of invoices allows SMEs in the manufacturing sector to tackle the problem of slowness and / or late payment themselves; unpaid invoices can be used as an opportunity rather than a burden.

Samantha Fray, Business Development Manager – Wales, Siemens Financial Services, says: “Manufacturing is an extremely important contributor to the Welsh economy, and tackling late payments for SMEs is critical to the integrity of industry.

“More and more SMEs are looking for alternative solutions to fill the gaps in late payment. Compared to traditional lines of credit, invoice financing is a flexible way for SMEs to take control of their cash flow and focus on significant growth potential for the future.

To download the report, click here:

https://assets.new.siemens.com/siemens/assets/api/uuid:b1eb7226-265a-4de0-8b9f-7df92346ea51/version:1578660443/sfs-uk-trapped-cash-wales-v2.pdf

[1] By taking the average manufacturing DSO and applying it to the sales of manufacturers in the region, we can estimate the value of outstanding payments. The proportion of companies not eligible for invoice financing was then eliminated. This figure is then multiplied by 90% for the amount advanced via invoice financing, and halved to eliminate any exaggeration due to, for example, ineligible invoices and the current penetration of invoice financing marketing.

[2] Small Business, How to Handle Late Payments, 2018, https://smallbusiness.co.uk/how-to-deal-with-late-payment-2100323/

[3] Make UK, ‘Regional Manufacturing Outlook 2018’, https://www.makeuk.org/insights/reports/2019/02/13/regional-manufacturing-outlook-2018


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Bill Funding Gains In Popularity Due To Demand For Credit Returns https://bthroughz.com/bill-funding-gains-in-popularity-due-to-demand-for-credit-returns/ Mon, 25 Oct 2021 01:30:00 +0000 https://bthroughz.com/bill-funding-gains-in-popularity-due-to-demand-for-credit-returns/ Irish businesses are increasingly turning to bill financing to finance their growth, with nearly € 1 billion advanced mid-year by non-bank lenders extending credit based on customer orders . irms used 971 million euros of financing in the second quarter, up from 856 million euros at the end of the fourth quarter of 2020, an […]]]>

Irish businesses are increasingly turning to bill financing to finance their growth, with nearly € 1 billion advanced mid-year by non-bank lenders extending credit based on customer orders .

irms used 971 million euros of financing in the second quarter, up from 856 million euros at the end of the fourth quarter of 2020, an increase of 13%, according to the latest figures from the Irish Asset and Invoice Finance Association (IAIFA ).

The industry group said the rise showed more Irish businesses, especially SMEs, were using invoice financing to fund higher turnover and growth following the easing of restrictions. of Covid.

“Our latest figures highlight a significant increase in the sales level of Irish SMEs, across several industries, which have benefited from innovative asset-based invoicing and lending solutions over the past few months,” said David Avery, chairman of the ‘IAIFA.

“Not surprisingly, given the times we’ve just been through, many business owners don’t want to take on more debt in order to fund cash flow or growth plans. As a result, many now choose to use invoice financing solutions, which are a debt-free financing option. “

Invoice Funding helps businesses free up unpaid working capital from unpaid sales invoices, allowing them to earn revenue before they receive it from their customers. Many companies use the facility to invest in infrastructure or equipment, as well as to fund M&A, management buy-out and buy-in activities.

Revenue from Irish businesses using invoice financing was € 7.5 billion in the second quarter, up 18% from the same period in 2020 and up 15% from in the first trimester, according to the IAIFA.

The IAIFA said that € 2.7 billion in funding is currently available through its members, which include the commercial finance branches of traditional banks as well as non-bank lenders.

Alternative financing options for businesses are now becoming more common, with more turning to asset-backed or peer-to-peer lending in recent years.

Traditional bank lending to businesses has been on the decline for a decade as clients of SMEs have paid off debt and banks have tried to shrink their balance sheets to become less risky and more capital efficient.


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Discounting and factoring of invoice financing explained https://bthroughz.com/discounting-and-factoring-of-invoice-financing-explained/ Thu, 21 Oct 2021 00:46:08 +0000 https://bthroughz.com/discounting-and-factoring-of-invoice-financing-explained/ eBook: 101 Guide to Financing Small Businesses This exclusive excerpt from the soon-to-be-released Propell eBook – 101 Guide to Financing Small Businesses – explores discount and factoring options for invoice financing for SMEs. Delivery Invoice Funding Discount is useful for accessing cash from your unpaid invoices without having to wait weeks or months for your […]]]>

eBook: 101 Guide to Financing Small Businesses

This exclusive excerpt from the soon-to-be-released Propell eBook – 101 Guide to Financing Small Businesses – explores discount and factoring options for invoice financing for SMEs.

Delivery

Invoice Funding Discount is useful for accessing cash from your unpaid invoices without having to wait weeks or months for your customers to pay. This allows you to preserve your working capital and continue your business without relying on prompt payment from customers.

What is that?

  • A type of business financing that is offered against the value of your accounts receivable ledger (invoices that you expect your customers to pay).
  • Secured by the value of your receivables, no other asset therefore needs to be offered as collateral.
  • Bill Funding helps manage cash flow by giving you access to cash before your unpaid bills are paid.

Example:

  • You have $ 30,000 in unpaid invoices awaiting payment by your customers;
  • You have to spend $ 10,000 on supplies for your next job, but you don’t have enough money available to cover this expense;
  • You choose to bridge this gap in your cash flow by purchasing invoice financing on your accounts receivable;
  • You benefit from a credit of $ 24,000, or 80% of the value of your unpaid invoices; so
  • When your customers pay your bills, the amount goes into a collection account that pays off the outstanding balance. Surplus funds are transferred to you, net of fees or interest.

Advantages:

  • You don’t have to worry about your credit score, as financing is granted based on the creditworthiness of your customers. If your customers are likely to pay their unpaid invoices, you are likely to be approved for invoice financing.
  • Funding is secured against your unpaid bills, so you don’t need to offer other assets – like your family home – as collateral.
  • You can turn your invoices into cash without waiting for your customers to pay.
  • There are no refunds to manage. Funding is repaid as your customers pay their bills.


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