ArchivesTag : Invoice Finance
How To Grow Your Business Without Strings Attached
Don’t get tempted to give up your equity just yet…
Since the GFC, banks have hit the reset button on lending to small business, especially to start-ups. So, unless you have assets, like real estate, you’re going to find it tough to get funding from a traditional lender.
More to the point, after you’ve exhausted traditional loan [...]
Will Glenn Stevens Follow Ben’s Lead & Stand Up For SMEs?
Put your hands up for Detroit…
Last Thursday in Detroit, Ben Bernanke spoke frankly about the plight of small business in the US. “Encouraging lending to small businesses that are well positioned to pay is a positive, not a negative, for the safety and soundness of our banking system,” he said.
Mmmm…this sounds like it might have [...]
SME’s seek alternative funding despite interest rate drop
The bottom line is that funding is becoming more expensive for SME business bank customers despite a backdrop of central interest rates and federal government rhetoric.’ PKM Group, a small container transport company located in Sydney’s south west had aspirations for growth. An organic increase in the demand for its service…read on
Discounts For Early Invoice Payments, Do They Work?
I often get complaints from new clients that they offer discounts for early payments on invoices, however their customers either send a cheque on the due date (which obviously gives them up to seven extra days!) or simply pay late and deposit the discounted amount making it not worth your while to chase them for the rest.
Why is invoice finance and the bank like oil and water?
To answer this question we may as well take a short trip back through time.
Invoice financing dates back some 4,000 years (that’s right it is almost time immemorial) to King Hammurabi ([1795-1750 BC]) who ruled ancient Mesopotamia. You might know him as he established the greatness of a little town known as Babylon i.e. the [...]
Solving tax issues with invoice factoring business finance
Recently I have had a number of enquiries from small businesses which have had some large tax bills or owe a lot of money to suppliers. The most common problem I notice is the business has no real estate or other traditional assets to borrow money from the bank, not that the bank would look [...]
Credit reporting and checking the credit of your new customers
I had a call from a new client yesterday who was concerned that his invoices were taking longer and longer to get paid. Some of his invoices were taking up to 90 days to be paid and he explained to me that he just wanted to stop thinking about whether or not his customers were [...]
