What Securities are needed for an Invoice Factoring Agreement?

One advantage of invoice factoring is the fact that no fixed assets are needed as security. In many cases, the only security required is the invoice itself. One of the biggest advantages of invoice factoring over other finance types is the fact that no fixed assets are required as security. The only security that must …

Why Should I Reassess my Invoice Finance Partner?

In the majority of cases you may have a very good relationship with your invoice finance partner but even then it is worth reassessing your provider on a regular basis and here are a few reasons: New services and products may have appeared that may impact positively on your current arrangement New providers may have …

What is a Debenture and how do Financial Institutions use Them?

A debenture in very simple terms is an agreement between a lender and a borrower which is registered at Companies House and lodged against your company’s assets. The debenture is sometimes called a ‘floating charge debenture’ and includes all company assets. The charge is floating as some of the assets may be changing on a …

What is Working Capital?

Working capital represents the lifeblood of any healthy business. Many promising businesses have, over the years, found themselves insolvent despite significant assets and healthy profitability. The problem here has been a lack of operating capital, without which no business can survive. This article will explain working capital in depth and its crucial place in the …

6 Steps for Choosing and Managing the Invoices You Factor

Invoice factoring is a good answer for businesses in need of short-term funding solutions. It lends a business vastly improved flexibility. Invoice factoring involves taking invoices due over a longer term and turning them into cash flow very quickly. If this flexibility is something a business needs to overcome funding shortfalls or to take advantage …

8 Company Cash-Flow Fixes you can Implement Right Now

Effective cash-flow management is one of the most critical factors in the survival and growth of a business. Knowing where to get cash-flow fixes quickly and free of charge isn’t always easy. As long as you have a saleable product or service, your costs are under control, and the business is profitable, there’s no reason …

Late Payments for UK Businesses Hit Two-Year High

Recent research has revealed that the number of late payments in the UK has hit a two-year high. Trying to get paid has never been easy, and you can learn about chasing invoices on this website by the way.  The level of late payments experienced by British businesses in the final quarter (Q4) of 2015 …

How to Chase Unpaid Invoices

How do you chase unpaid invoices? When you’ve completed work that the client is happy with, they should then pay for your services within a reasonable time frame. That is how the wheels of commerce turn. The problems come when it’s two weeks past your usual 30-day payment term, and you still haven’t received the …

‘Chasing Late Payments’ Debt Recovery Template Letter

Chasing debtor payments is critical to survival for most businesses. The fact of the matter is if you have completed work and incurred overheads along the way you should get paid promptly. If you are fed up waiting to get paid for work completed you are not alone. The FSB estimated that 70% of SMEs …

How to Create a Proper Small Business Budget

When you opened a small business, did you dream of how to create a budget? What about writing up a business plan or balancing the books, reconciling your balance sheets, and pouring over profit and loss statements? Likely not! Most entrepreneurs are impassioned about an idea, or long for the freedom of being their own …

Commercial Finance Application Checklist

No matter what we might think of the banks, there are times when a little external finance can go a long way. There is a wide array of commercial finance types available that can help businesses buy the assets they need to grow. The ability to capitalise on opportunities as and when they come along …

Why You Need a Business Continuity Plan?

Do you have a plan if the worst happens to your business? What is the purpose of a business continuity plan? Massive rains flood the region – and your facility. Your equipment is down for a few days, and so are you. Wild winds knocked power out, and you are left in the dark. From …

Do You Really Need a Business Plan?

A business plan is a mere formality if you want to secure funding. Simply another document that you’ll rush to complete, then forget about as it gathers dust. Right?  Forgot your business plan? This is a trap that many small business owners fall into – and, if you’re one of them, you’re doing yourself, and …

Funding for Lending Scheme

The ‘Funding for Lending’ Scheme is getting an extension. The Banks are lending more to small to medium sized businesses across the UK, but from what starting point? Easy is not a word that entrepreneurs and SME owners expect to have in their vocabulary. Despite all odds, they pursue ideas and turn them into businesses …

Crowdfunding: Should You Let the ‘Crowd’ Fund Your Business?

Perhaps nothing can so clearly demonstrate the popularity – and success – of crowdfunding like the story of Seedrs. The London-based equity crowdfunding company raised £2,583,420 via its own platform. And perhaps there’s no better advert for the site than its own success! This record-breaking sum, which was secured in a little over a month, …

Crowdfunding: Revolutionising Business Finance?

In 2010, BrewDog, Scotland’s largest independent brewery, “tore up convention.” Rather than cede financial control to banks, the beer makers launched a full-scale crowdfunding scheme. Selling shares online to “people who really care about our beer” – indeed a revolutionary act – its founders have raised millions of pounds to grow their business. But is …

Where Can You Get Funding For a Startup?

Money. It’s the one thing that makes the business world go ‘round. No matter how much passion you have, how many resources sit at your fingertips, or how much experience you have, without the financial backing to get started, you have nothing to propel your company forward. If you’re new to the world of business, …

Public Liability Insurance – What You Need to Know

Running a small business isn’t easy these days and insuring your business can make matters more daunting! Not only must you stay on top of changes within your industry just to remain competitive, but there are far more regulations now. One mistake could cost you your entire business. I In this article, we’ll explore why …