Onderwerp: factoring

When it comes to financing your business, we mentioned earlier that it is often better not to place all financing with one provider. As long as business is going well, there is usually nothing to worry about, but if things are a little less successful, you are entirely dependent on that one financier. This can jeopardise the continuity of your business. Most factoring companies often also offer credit insurance in their contracts. In this article, we explain why it is better to place your credit insurance with your credit insurer separately from the factoring contract.

Until pretty much the beginning of this century, it was common for a company to turn to the bank where it had its payment transactions for its credit needs. Today, this has changed and there are many other ways to obtain financing. In this article, we give an overview of the four best-known forms of alternative financing.

Traditionally, companies are used to placing their financing with one financial party. Hence the term 'house bank'. This has clear advantages: everything under one roof, a single point of contact and no hassle with different contract parties. In the simplest form, a company brings its entire financing needs under one bank overdraft. In this article, we look at alternatives and discuss the advantages of spreading financing across multiple parties, known as 'stacking'.

After a period when part of the economy has been stagnant, your business needs to prepare for the new normal. Mapping the liquidity position will help you know the viability of your business. Xolv helps you draw up a post-corona financing plan that takes stock of expected costs and revenues. This creates insight into your company's financial status.

Factoring is an alternative financing for entrepreneurs and has grown in popularity over the past 10 years. More and more companies are using it and, as a logical consequence, the number of providers has also increased. In this blog, we provide insight into what to look out for when choosing a factoring provider and how factoring costs are structured.

Every healthy organisation is in possession of working capital. But if your company has (too) much cash on hand, this is not necessarily a good thing. By calculating working capital, you will discover how much financial leeway you have to make investments without having to tap additional capital. In this article, we will tell you more about working capital and how to calculate it to keep your business financially sound.

In this day and age, many entrepreneurs in need of financing face a closed bank counter. No matter how hard you knock, there is no opening. Some three-quarters of loan applications are currently rejected. But don't panic: Xolv knows a workaround and will gladly show you the way.

Many people will be happy that the 'corona year' 2020 is behind us. Although we are still in the midst of a lockdown, which may also continue for some time, 2021 offers more perspective. With the vaccination campaign underway, we can hope that much will be back to normal later this year. For many entrepreneurs, financing needs in 2021 will be different from those in 2020. However, it is important to pay close attention to a number of issues. In this article, we therefore give you three tips.

The importance of a good balance sheet is a well-known phenomenon. Especially towards the end of the year, it is good to take a look at it. After all, when closing your financial year, it pays to reduce your balance sheet total. We briefly explain here how you can do this.

The temporary employment industry is not having an easy time of it, as you can also read in this article from our October 2020 newsletter. Due to the nature of the sector, by no means all banks are willing to provide working capital. Fortunately for the staffing industry, there are plenty of alternative financing options, the best of which is factoring.