8 Things to Know About Factoring

 

www.ifgnetwork.com Factoring is the ideal way to survive a distressed and or recovering economy. Here are eight things you may not know about factoring for business.
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Marketinvoice gave the keynote talk at “Business Bootcamp Extra — Alternative Source of Funding”, an event hosted by Capital Enterprise at UCL, on 29 July, 2011. Our Co-founder and Director, Anil Stocker, represented Marketinvoice and spoke at the event along with John Spindler from Capital Enterprise. John gave a summary of the other sources of funding and support available to small businesses. After that, Anil provided an in-depth insight and comparison between different alternative methods of financing SMEs, and answered a few short questions around the issue. The presentations were then followed by a panel discussion on the topic “This is now the best time to borrow money” with representatives from the Marketinvoice, Natwest, Leancamp, and Capital Enterprise. The panellists debated about the pros and cons of starting a growing a business through borrowings, and gave some invaluable tips on how a start-up or a growing business could maximise their credit. The audience were intrigued by the model that Marketinvoice proposed, and many were surprised to hear that invoice financing could be priced so much more competitively when invoices were put onto the Marketinvoice auction platform. Some even exclaimed that this “marketplace for invoices” was “too good to be true”. Part 2: www.youtube.com
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