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Newsletter: April 2009
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Don't settle for high charges
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Dear Colleague
As bank charges rise and the recession bites, there's no need to put up with high charges. This month we've news of some excellent deals we've managed to find for clients, as well as our tips for applying to a factor for funding.
Start the ball rolling by requesting a free quotation search. We look forward to being of service to you.
With kind regards,
Julie Blackman
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Is this the time to be looking for a good price?
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We had a discussion with a prospect the other day who said "Well, it's not really a great time to be shopping around for a cheaper invoice finance deal during a recession, is it?"
But actually, that's not the case. We have found some superb deals recently, despite the economic situation.
Examples have been a minimum service charge of just £1,800, a discount charge of 1.5% over base rate and a service charge of just 0.3% of annual turnover.
Why not request a free quotation search and discover what's out there ...
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Are your bank's charges about to double?
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We have recently been approached by a number of clients who use bank backed factoring companies and have been advised that their charges are to be increased by anything from 30% to 100%!
For example, one firm had been told that their charges were going up by 52%. We searched the market for them and were able to find them a deal with another factoring company.
As a result, their new charges are now 10.4% less than what they had originally been paying.
It could happen to you - contact us now for a free quotation search and let us help you make significant savings.
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TOP 10 TIPS TO MAXIMISE YOUR CHANCES OF GETTING FACTORING
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Before you approach a factoring company for funding, it helps to know what will increase your chances of being approved.
We've compiled our Top Ten Tips on the subject.
For example, did you know that factoring companies favour businesses with simple trading practices, rather than (for example) taking deposits in advance or invoicing single transactions in a number of stages?
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This is important as it affects how easy it's going to be for the factoring company to collect in your invoices.
Find out more - read all Ten Top Tips here ...
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