Factorscan talks to the managers of two independent factors, Positive Cash Flow Finance and First Capital Factors – both of which launched at tipping points in the economic environment  Continue Reading

Michael Bickers of BCR Factorscan, organisors of Receivables Finance International conference, delivered a speech on the “new normal” in Rome last week, reproduced below: Continue Reading

Small firms struggling to access finance to start exporting will be able to apply for loans of up to £1 million from April 2011, under a Government-backed lending scheme. Continue Reading

Continue Reading

An invoice finance firm has said it has seen a “surge in demand” for its finance products. Continue Reading

According to a new report by the Asset Based Finance Association, 85% of SMEs say they still feel like they are operating in a recession even though, officially, the UK has been out of the recession for nearly a year.

Continue Reading

Lloyds TSB Commercial Finance (LTSBCF) is one of the leading players in asset based finance in Europe with 22% of the UK market share, according to ABFA.  With many years of successful trading and offices in the UK, Europe and the US, the company occupies an enviable industry position, boasting more than 10,000 factoring, invoice discounting and asset finance clients. Continue Reading

The global factoring industry is arguably one of the business success stories of the last 30 years. Continue Reading

Small businesses are still avoiding the banks as latest figures from the Federation of Small Businesses (FSB) show only 18 per cent of small firms have approached the banks for new credit. Continue Reading

For factors, the crisis has proved to be a bit of a curate’s egg. For some, the reduction in availability of credit insurance cover has meant that non-recourse arrangements, particularly cross-border deals, have been badly affected.  But for others, the spread between the cost of borrowing and discount rates charged to clients has widened considerably – meaning that as long as risk can be kept under control, significantly improved profits can be enjoyed. So, depending on the availability of funding and the predominance of international deals, business for factors has been typically mixed at the two extremes – either very good or very difficult. Continue Reading