financing solutions – B Through Z http://bthroughz.com/ Mon, 18 Apr 2022 06:49:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bthroughz.com/wp-content/uploads/2021/08/icon-23-150x150.png financing solutions – 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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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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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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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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Business Development Manager – Invoice Financing https://bthroughz.com/business-development-manager-invoice-financing/ Wed, 08 Sep 2021 13:42:51 +0000 https://bthroughz.com/business-development-manager-invoice-financing/ {LinkedSharing} Written by Louise clavey Posted: 08 September 2021 Created: 08 September 2021 at £ 70,000 DOE, car allowance and vouchers. Our client is an AIM listed company specializing in providing a variety of financing solutions to UK businesses looking to access the financing they need to achieve their growth plans. We are looking for […]]]>


at £ 70,000 DOE, car allowance and vouchers.

Our client is an AIM listed company specializing in providing a variety of financing solutions to UK businesses looking to access the financing they need to achieve their growth plans.

We are looking for two people. One to cover the North West and one for the Yorkshire region. These business development roles are new staffing opportunities to work with typical facilities up to £ 2million working in a number of industry sectors. Our client is experiencing significant growth within the group of companies and is looking for people with the ambition to be part of the team today and would love the opportunity to further develop their careers in the years to come.

Main responsibilities:

  • Find and negotiate invoice financing facilities up to £ 2million.
  • Attend potential client meetings to understand the business and the adequacy of funding.
  • Generate new sources of business through self-generated leads.
  • Manage your own pipeline of leads to be processed, working closely with the operations team to ensure a smooth transition from lead to client.
  • Prepare new business proposals, including analysis of financial information and investigative information for presentation to the credit committee.
  • Attend networking and sales promotion events to build brand awareness in the designated region.
  • Work within the framework of company data protection policies and procedures.
  • Operate within the framework of the company’s compliance policies based on the role.
  • Operate within the framework of the company’s HR policies and the company’s manual.
  • Deal with all customer questions in an efficient, fair and consistent manner in accordance with cultural values.

To live

We are looking for someone with ideally 5 years of experience in the invoicing industry in a Business Development role or 3 years + in financial services.

Contact: As a first step, please send your resume to Mark Lyons at mark@marklyonsrecruitment.com or call 0161 258 0053 or 07470 476320 for a confidential discussion

If this position is not in the right location but you would like to register, please visit www.marklyonsrecruitment.com to submit your details.


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What is invoice financing and why is it a good financing option? https://bthroughz.com/what-is-invoice-financing-and-why-is-it-a-good-financing-option-2/ Mon, 23 Aug 2021 07:00:00 +0000 https://bthroughz.com/what-is-invoice-financing-and-why-is-it-a-good-financing-option-2/ To learn more about invoice financing and why it can be a good financing option for businesses, the business leader spoke with Josh Levy, CEO of Ultimate Finance. What types of businesses generally benefit from invoice financing and how is this financing structured? The short answer is any business that sells to another business on […]]]>


To learn more about invoice financing and why it can be a good financing option for businesses, the business leader spoke with Josh Levy, CEO of Ultimate Finance.

What types of businesses generally benefit from invoice financing and how is this financing structured?

The short answer is any business that sells to another business on credit. We believe that the post-pandemic recovery phase could allow companies to accept manageable commercial debt in a way that they have never done before. This is where non-bank lenders alongside financial brokers and intermediaries play a vital role. Impartial and professional advice is needed more today than ever before, especially for companies seeking financing for the first time or looking to establish the right structure for long-term debt financing.

Businesses looking for an ongoing need for working capital should consider invoice financing as a financing option, which uses the sales ledger as an asset to borrow money. It is suitable for any business, whether it is a limited company, sole proprietorship or partnership. Waiting to get paid is a universal problem for most businesses, regardless of their size or industry. An invoice finance mechanism offers an easy way to unlock the money owed to you on unpaid bills, and it’s financing that most lenders find with dedicated relationship support and support. personal contact.

The companies that can benefit span many industries including manufacturing, construction, recruitment, agriculture, transportation, retail, telecommunications, technology, engineering, health foods and many more. others.

When you apply for invoice financing, the lender agrees on a financing limit based on several factors: your current revenue, the credit terms you offer to your customers, but also your business needs. They will also agree on a prepayment percentage – up to 95% of the invoice value normally – which will be paid into your account as your invoices are issued. When your customers repay, you get the remaining balance minus the lender fees. It is a simple and flexible solution that helps you move your business forward.

What are the trends you see in the invoice finance space?

After a difficult year 2020 for the bill financing market, with significant distortion and substitution of government loan programs, there is a demand and a return need for working capital financing solutions. Bill financing is very clearly expected to have a key role to play in helping SMEs restructure COVID debt and liabilities, and in providing the necessary liquidity to support pathways for recovery and growth.

Market conditions have forced some lenders to reassess their bill financing strategies, resulting in portfolio sales, market withdrawals and strategic shifts from leading banks and independent lenders.

Product innovation has been mixed in recent years, with a growing number of single / selective invoice finance players emerging as an alternative to traditional global revenue facilities, but this trend has recently slowed down with a a number of these lenders are gradually moving towards a more traditional product offering.

Digital adoption has accelerated over the past 18 months, with a focus on improving the customer experience and ease of use of facilities through automated payments and stream extraction data from banking and accounting systems. By providing easier and faster access to cash, we believe invoice financing can play an important role in supporting businesses on the path to recovery and growth.


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Manchester Fintech Hydr Launches New Invoice Finance Platform To Help SMEs Manage Cash Flow https://bthroughz.com/manchester-fintech-hydr-launches-new-invoice-finance-platform-to-help-smes-manage-cash-flow/ Mon, 24 May 2021 07:00:00 +0000 https://bthroughz.com/manchester-fintech-hydr-launches-new-invoice-finance-platform-to-help-smes-manage-cash-flow/ Manchester based fintech Hydraulic (pronounced Hi-der) revealed on Monday, May 24, 2021 that it launched its proprietary invoice financing platform to help small businesses streamline their cash management. Co-founded by experienced Fintech industry professionals with in-depth knowledge of the challenges that long payment terms and late payments can bring, Nicola Weedall and Hector Macandrew focus […]]]>


Manchester based fintech Hydraulic (pronounced Hi-der) revealed on Monday, May 24, 2021 that it launched its proprietary invoice financing platform to help small businesses streamline their cash management.

Co-founded by experienced Fintech industry professionals with in-depth knowledge of the challenges that long payment terms and late payments can bring, Nicola Weedall and Hector Macandrew focus on tackling bad payment practices across the UK.

The negative impact of long payment terms and late payments has been a major issue, with over 60% of UK SMEs reporting an increase in late payments or frozen payments due to challenges related to the COVID.

Hydr management explains that it aims to help small businesses manage their cash flow effectively through more efficient digital integration, better real-time financing decisions, and more transparent fixed terms and fees. The company would pay 100% of the value of an invoice within one business day, minus an affordable plan.

Hydr’s team of professionals integrates with its clients’ financial team and also develops good relationships with their clients. Hydr has partnered with the global SME platform Xero for rapid integration with their platform.

Nicola Weedall, co-founder at Hydr said:

“The success of a business should not be determined by its ability to wait for payment. I have seen first-hand the transformative impact of cash flow management. We therefore remove the obstacle of waiting for payment by paying invoices in full within 24 hours. Our technology securely simplifies the entire process, end-to-end, with transparency and simplicity at the heart of our proposition.

Hector Macandrew, co-founder at Hydr noted:

“We created Hydr to change the way we think about two things; the almost cultural acceptance that late payments occur in this economy and that bill financing is only considered a last resort. With Hydr as a partner, you never have to worry about long or late payments again. Well-done invoice financing is a powerful tool for optimizing cash flow, allowing business leaders to plan for their future with confidence.

Hydr’s digital integration process only takes a few minutes. After being put in touch with Xero, financing decisions are offered in real time; businesses are able to issue their invoices in one step, and a flat rate is added to the invoice. Meanwhile, Hydr takes care of the rest. There are no hidden charges or additional charges, the company claims.

Leyton jeffs, partner in financing solutions at Sedulo declared:

“Technology in finance started out as something that allowed lenders to grow without the need for staff, but with Hydr, I was incredibly impressed with how they used technology and innovation to improve the customer journey, instead of saving money! I encourage business owners and the financial community to explore what a valuable partner Hydr could be for their businesses or those of their clients.

Henri murison, director of the Northern Powerhouse Partnership, noted:

“The launch of Hydr is expected to help boost the growing fintech cluster in the Pennines by adding their innovative approach to a market in need of disruption. They offer a service where the traditional models already available cannot offer all the products that businesses need because the cost of service would be too high without a digital solution. These tools will play a vital role in helping businesses recover from last year’s economic turmoil, especially for businesses based in the Northern Powerhouse. “


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Bill Financing Experts Call for Greater Collaboration to Help SMBs Access Critical Cash Flow https://bthroughz.com/bill-financing-experts-call-for-greater-collaboration-to-help-smbs-access-critical-cash-flow/ Mon, 10 May 2021 07:00:00 +0000 https://bthroughz.com/bill-financing-experts-call-for-greater-collaboration-to-help-smbs-access-critical-cash-flow/ X Sign up for free to receive the latest news straight to your inbox Register now Some of the key invoice finance voices have called for greater collaboration and transparency to help pave the way for SMEs to access finance. At a recent online panel, hosted and hosted by Optimum Finance, a selection of business […]]]>


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Some of the key invoice finance voices have called for greater collaboration and transparency to help pave the way for SMEs to access finance.

At a recent online panel, hosted and hosted by Optimum Finance, a selection of business owners and executives came together to explore how invoice finance can get businesses back on track in 2021.

Joining the debate were; Ant Persse, CEO of Optimum Finance, Philip King, Small Business Commissioner, Warren Ralls of British Business Bank (BBB), Josh Levy, CEO of Ultimate Finance, Evette Orams, CEO of Hilton-Baird, Steve Noble , Managing Director at Reward Capital, Martine Catton, CCO of Just Cashflow and James Hawksworth of RSM.

It was chaired by Glenn Blackman, Managing Partner of FundInvoice.

While government support measures, including the Coronavirus Business Interruption Loan Program (CBILS) and the Recovery Loan Program, have played a critical role in helping businesses get through the survival phase of the crisis. pandemic, some companies may need to consider alternative financing solutions.

Is the time right for non-traditional lenders to play a key role in providing vital financing to SMEs through asset-backed loans?

Ant Persse, CEO, Optimum Finance

“It can play a huge role,” said Ant Persse, CEO of Optimum Finance.

“The bottom line is that businesses don’t fail because they are in deficit, they fail because they lack cash.

“It is absolutely imperative that we support businesses with access to liquidity. The government, and with the support of BBB, has helped inject a significant amount of liquidity into the SME community over the past 12 months, and it has inevitably avoided several corporate bankruptcies, but the loans that have been taken out, they must be repaid.

“Businesses need to get back on their feet. They need to have access to cash. We know there are hundreds of billions of pounds currently trapped in unpaid bills at any given time. “

Persse pointed out that invoice financing increases with business growth.

“As we see businesses come out and recover, invoice financing can certainly help as we would be moving against increases as well,” he said.

James Hawksworth, SMR

James Hawksworth of RSM agreed.

“The nature of the finances of invoices means that they increase with income,” he said.

“There are a lot of viable businesses that will see huge opportunities for growth. Rishi Sunak said we’re going to have the strongest growth since WWII, so something will need to help manage that working capital and bill funding would be in a great position to do that.

Evette Orams, Managing Director of Hilton-Baird, recalled how invoice financing has helped UK SMEs in previous recessions, not only during but also after.

“It’s a brilliant tool to support businesses in expanding and receding economies,” she said.

Martine Catton, CCO of Just Cashflow, suggested that one of the main advantages of invoice financing over traditional banks was the ability to access flexible liquidity faster.

“It is difficult for a lender to judge the direction of a business, whereas with invoice financing, it is very clear because it is based on data, it is based on the value of the invoice.

“So if the business grows, the money is available, it goes up and down with the business.”

She continued, “This is probably the biggest time of any kind of recession where invoice financing is really going to make sense, because it’s based now on what companies are going to do in their trading, on their new forecast. , on their new orders and on their new contracts. This alone is the best product that can align with that. “

Josh Levy, CEO of Ultimate Finance, said it was time for invoice finance companies to start ‘making noise’ around the different products on offer, adding: ‘Now is the time for the industry to shine. The reality is that the benefits that were described at the beginning have been the benefits for as long as we can remember, and nothing has changed.

The Office for Budget Responsibility also predicted that up to 40% of government guaranteed loans could default.

The panel agreed that products from non-bank lenders can help reduce this number.

Ant Persse said that while the BBB and the government have stepped in to help businesses when they need it most, some businesses will inevitably fail, but there will also be “big businesses” that will simply need access to it. cash.

“As we emerge from this crisis, we will be in a strong position to support them,” he said.

Martine Catton said invoice financing should no longer be seen as an “alternative” option, but as a viable option for SMEs.

She said the industry should work more collaboratively with other lenders and traditional banks to understand business needs.

“We need to look at how we can make deals in different ways,” she explained.

“We have to start looking at what the future looks like. By looking at how we can finance businesses and what the requirements are, we can work together as a group to serve UK SMEs and I think we can do a very good job.

Evette Orams, Hilton Baird

Evette Orams observed that the terminology used in invoice financing made it difficult to understand the offer for SMEs and that financing should not be classified as “plan B”, but should be considered as a first option.

“It’s up to us, as a community, as an industry, to communicate our offer. We need to look inward, innovate, and paint a new picture that we can share with potential users on how we can help them shape their business and move forward.


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Financing Prepayment Invoice Review | Compare rates and fees https://bthroughz.com/financing-prepayment-invoice-review-compare-rates-and-fees/ Thu, 22 Apr 2021 07:00:00 +0000 https://bthroughz.com/financing-prepayment-invoice-review-compare-rates-and-fees/ How does advance invoice financing work? Earlypay bill financing services offer businesses up to 80% (sometimes 90%) of the value of their unpaid bills before the customer is paid. This allows business owners to access the cash flow they need, without having to wait for bills to be paid. Earlypay offers a flexible and tailor-made […]]]>


How does advance invoice financing work?

Earlypay bill financing services offer businesses up to 80% (sometimes 90%) of the value of their unpaid bills before the customer is paid. This allows business owners to access the cash flow they need, without having to wait for bills to be paid.

Earlypay offers a flexible and tailor-made service to businesses of all shapes, sizes and industries. Whether your business is just starting out or you’ve been around for a while, Earlypay may be able to help.

Earlypay’s advanced platform integrates seamlessly with your accounting software vendor. So whether you are using MYOB, Quickbooks, or Xero, you can effortlessly simplify your bookkeeping. If you are not using an accounting provider, Earlypay may still be able to help.

How an Earlypay invoice financing service works will depend on your choice of an invoice discount or invoice factoring service, as well as a number of factors relating to your business. The main difference between the two is:

Discount on invoice. Your business retains control of the payment collection process.

Factoring invoices. Earlypay’s professional team takes care of the process of collecting payments from your customers.

Read on to find out if an Earlypay invoice finance facility is right for your business.

Features of Earlypay Invoice Finance

Some of the main features of the Earlypay bill finance facility include:

  • Amount of the loan. Access of $ 50,000 to $ 15 million or more in financing. The exact amounts will depend on your financing agreement and the value of your unpaid invoices.
  • Fast online application. Apply online in a few easy steps.
  • Fast approval. Prepayment typically takes less than 24 hours to let you know whether or not your business is eligible for funding.
  • Quick financing. If Earlypay approves your request, you should see funds in your account within 24 hours.
  • Up to 80% of unpaid invoices in advance. Once approved, you can release up to 80% of your bill funds. The remainder will be paid to you upon payment of the customer, net of interest charges.
  • Credit line. Access a revolving line of credit that grows with your accounts receivable.
  • No real estate security. Earlypay does not require any assets or real estate as collateral for the loan.
  • Secured by your invoices. The loans are secured against your unpaid bills.
  • No payment until your invoice is paid. Your charges will be deducted from the remaining value of your invoice, so there is no need for refunds.
  • No long lock-in contracts. You can fund as many invoices as you want.
  • Integrates with your accounting system. Integrates seamlessly with most cloud accounting systems.
  • Factoring and discount options. Earlypay allows you to maintain control of your collection process or to outsource it to Earlypay.
  • Options disclosed and not disclosed. Your customers don’t necessarily need to know that you are using an invoice financing mechanism. Most invoice factoring agreements are disclosed, while most invoice discount agreements are not disclosed.

How much does the loan cost?

  • The interest. You will be charged an interest rate of 7% per annum. The rate you will be awarded will depend on the financial situation of your business, the length of your business activity and your annual turnover.

Additional fees and charges may also apply.

How to register

If you would like to request an invoice finance facility with Earlypay, please contact the lender directly through their registration form on the Earlypay website, or call 1300 760 205 to speak to the team directly. You will need to provide:

  • Your name
  • Phone number
  • Details about your business, such as your ABN, trading time, and annual turnover.

Although this is a competitive loan product, it is always a good idea to compare your options before submitting an application. For more invoice financing solutions, please see our guide.


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Pulse Cashflow on Post-Pandemic Bill Funding https://bthroughz.com/pulse-cashflow-on-post-pandemic-bill-funding/ Thu, 12 Nov 2020 08:00:00 +0000 https://bthroughz.com/pulse-cashflow-on-post-pandemic-bill-funding/ The small business finance market occupies a unique position: despite market volatility and an economic downturn, the availability of finance remains strong for SMEs thanks to government funding initiatives. In the UK, one of the biggest aid programs is the Bounce Back Loan Scheme (BBLS), which has facilitated more than $ 53 billion in financing […]]]>


The small business finance market occupies a unique position: despite market volatility and an economic downturn, the availability of finance remains strong for SMEs thanks to government funding initiatives.

In the UK, one of the biggest aid programs is the Bounce Back Loan Scheme (BBLS), which has facilitated more than $ 53 billion in financing to SMEs, according to the most recent statistics from HM Treasury.

“For the first time in my life, UK businesses are spoiled for choice in terms of the financing available to them,” said Toni Dare, founder and CEO of finance technology company Pulse Cashflow Finance Ltd. invoices

Speaking to PYMNTS, Dare explored how this increase in the availability of finance has affected the alternative finance market, and what lies ahead for FinTechs as government funding programs eventually run out.

The ebb and flow of funding

In the aftermath of the 2008 global financial crisis, new FinTechs emerged to facilitate various forms of financing for small businesses as traditional banks withdrew from the market. As the world is in dire economic straits again, this time around bank lending has remained strong thanks to government programs.

For a bill funder like Pulse Cashflow, the impact of these programs has been clear. Dare pointed to statistics from UK Finance which revealed a drop in the number of companies seeking invoice financing “for the first time in many, many years,” she said. Indeed, a UK Finance analysis released in July found that a combination of government-guaranteed loan programs and declining B2B trading volumes each contributed to a drop in demand for invoice financing.

But this trend is just part of the ebb and flow of the market, according to Dare.

“BBLS funds are used by directors, owners and managers to support their businesses to ensure they survive the crisis. Making sure their business is still there when we go out to the other side is the most important thing on their minds, ”she said. “However, these funds are and will continue to be depleted over time, and we will begin to see a resurgence in demand for cash flow financing to help businesses take advantage of opportunities as they arise.”

Signs of public funding drying up are already appearing: Earlier this week, reports revealed that UK challenger bank Tide was running out of funding for small businesses after pulling out of BBLS.

An industry-specific approach

In anticipation of a return in demand for alternative financing solutions like invoice financing, companies like Pulse Cashflow have the opportunity to propel the recovery and resilience of small and medium businesses.

Dare noted that one way to do this effectively is to take an industry-specific approach to funding.

“Many industries have a higher propensity to use invoice financing,” she explained. “Sectors where credit terms are long or where there are inherent late payment problems” are particularly well placed to benefit from invoice financing.

Entities in the distribution and logistics sector operate at low margins thanks to high up-front costs such as drivers, fuel and vehicle maintenance. However, these companies do not invoice until the end of the month, which adds an additional delay to their capital inflows. Dare offered another example from the construction industry, where cash flow can be a headache due to the use of contractual arrangements and installment payments.

Bill financing is just one of the growing types of alternative financing that will play an important role in keeping small and medium-sized businesses in business even after the economic recovery begins. While government funded SME finance programs provide much needed relief, they are only temporary solutions.

However, the SME finance arena will not look like it was in a post-pandemic market. While an ecosystem made up of both traditional and alternative financing methods will persist, Dare predicted some changes in the composition of the market as well as in the integration process that will evolve due to increased digitization.

“By the end of this crisis, you may see a reduction in the number of funders in the market, as some consolidation will inevitably occur,” she said. “I don’t see any change in traditional or alternative forms of financing to support businesses in the future. What will change is the process of signing new transactions. We have become accustomed to increased use of technology, which will not go back. “

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