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Newsletter: February 2009
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Let us find you the best deal
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Dear Colleague
In tough economic times it's crucial to take care of cash flow. In this month's newsletter we have more examples of how our free quotation search service can help both new and established businesses. We look forward to being of service to you too.
With kind regards,
Julie Blackman
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Government guaranteed loans
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There has been much in the press recently about the government launching schemes whereby they will 'guarantee' a proportion of loans to SMEs (Small and Medium Sized Enterprises) in order to help the financiers make money available to businesses.
The reasoning is that because a large proportion of the loan is guaranteed by the government, the lenders will be more able to extend finance to SMEs.
However, although it hasn't had the same publicity, a similar scheme has existed for some time.
Your business may well qualify to take advantage of such a loan - and if so, we can put you in touch with the relevant providers.
Simply request a free quotation search and find out...
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Avoid unauthorised overdraft charges
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Are you paying high overdraft fees? There could be an alternative.
We were recently approached by a firm who had an overdraft with a major bank, and after a payment was received into their account the bank reduced their overdraft to around 10% of its original value!
Our client asked for 50% of the original overdraft and whilst the bank would not agree to it they 'allowed' it as an unauthorised overdraft.
As a result, over the course of a year the bank has charged the client around the value of the unauthorised overdraft in fees.
We will be able to significantly reduce their costs by introducing them to invoice finance.
This is not the first example of this type of situation that we have come across. If you are in the same position, contact us now for a free quotation search - it could save you a significant amount of money.
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VOLUME OF
START UP FUNDING APPLICATIONS INCREASES
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In the last few weeks we have seen a hike in the volume of funding applications from new start up businesses.
Traditional forms of finance such as overdrafts and loans can be hard for new businesses to access due to their lack of assets and trading history.
But invoice finance is based on the value of sales, which means new businesses can access funding as soon as they start to raise sales invoices. With invoice finance releasing 85% + of those invoices immediately, this helps with cash flow from the start.
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Follow this link for more information...
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