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 […]
Tag: Invoice Finance
Asset Based Funding to Irish SMEs hits an all-time high
Asset Based Funding to Irish SMEs hits an all-time high Asset based finance is finally gaining a foothold in the Irish market, with the news that asset based finance for UK and Irish businesses has hit a record high of £20 billion. A recent report from the Asset Based Finance Association (ABFA), the body that […]
Happiness is a positive cash flow….
Invoice Finance is positively good news I met a man at a yoga class about 10 years ago. He stood out – not because he was the only male in the class, but because he always wore a bright yellow tee-shirt with the slogan “Happiness is a positive cashflow….” Working as an Invoice Finance specialist, and listening to SME owners talking about their cash flow […]
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- […]
Invoice finance versus bank overdraft – the facts!
More business owners are choosing Invoice Finance over traditional bank overdraft – with good reason. When a company needs working capital finance they usually go to their bank, in search of an overdraft. Why? Well, better the devil you know, goes the thinking. And for many companies, the traditional overdraft is a hard habit to […]