Category: Invoice Discounting

Invoice Discounting for start-up business after bank says “no”

“When our bank couldn’t offer us Invoice Discounting, we didn’t realise there were other lenders willing to support us”. When the owners of a start-up confectionery business went to their bank for Invoice Discounting, it never occurred to them that they wouldn’t meet the banks’ lending criteria.   Although they were only trading six months, they had secured a contract to supply to a major buying group and there was […]

Invoice Finance for SME declined by a bank

SME declined for invoice finance by bank….alternative funder steps in. This newly established company was formed in March 2015 when two lads  spotted an opportunity to import energy drinks  into Ireland.    Their products eventually got listed with a major supermarket chain in January, however this key customer  demanded 90 days credit.  They quickly realised they would need working capital to fund  the gap […]

Invoice Finance – funding for a fresh start

Invoice Finance – fast funding in 7 working days This newly established company was incorporated in December 2015, after a long-established food wholesale business ceased to trade due to lack of management and legacy debt. Two savvy businessmen saw an opportunity and took over the client base, the lease on the building and – importantly- […]

Working capital options for SMEs

Your guide to Invoice Finance There’s a growing trend towards alternative working capital products such as Invoice Finance, as SME’s continue to face challenges trying to access capital for growth  One of the great benefits of these flexible funding products is they are a lot more accessible for SME’s than traditional bank funding, and they […]

Late payments giving you sleepless nights? Invoice Finance can help you rest easy

Late payments giving you sleepless nights? Invoice Finance can help you rest easy Late payments are having a huge impact on Irish businesses, affecting cashflow, credit ratings and even threatening employment. A recent survey by Sage Ireland found that nearly two-thirds of Irish SMEs were affected by late payments. Late payments can have a very detrimental effect […]

“I didn’t know Invoice Discounting even existed!”

This may surprise you, but many Irish business owners have little or no idea of the alternative sources of working capital finance available in Ireland. They are unaware of such products as Invoice Discounting and Factoring. It certainly surprises me, especially in today’s economic environment where, for the past few years, businesses have found it […]

Thinking about Invoice Discounting? Key areas to consider…..

Choosing an Invoice Finance provider – what to consider: For some business owners, using Invoice Finance can be one of the best decisions they make. However choosing the right funder partner can be difficult. Many of the funders seem to offer similar products and they all promise the best rates.  But like any industry, the players […]

Invoice Discounting and Factoring – what’s the difference?

I’ve talked to lots of people who are confused about Invoice Discounting and Factoring, and many think they are the same product. Well, they’re not. Let me explain. Invoice Finance is an umbrella term to describe a number of products including Invoice Discounting and Factoring. It’s also often referred to as debtor finance or receivables […]