Onderwerp: factoring

Do you love avocados too? We recently realised a successful international purchase financing for an importer of this popular fruit, after the existing financier withdrew from the market without prior notice. In this article, you can read how we did it.

After more than two years of preparation, Sander Dekker, our minister for legal protection, sent a bill to the House of Representatives in early June to end the pledge ban. Finally, is our opinion. In this piece, we explain to you why it is so important - especially for small and medium-sized enterprises - that this pawn ban be ended.

Smaller entrepreneurs often have to wait (too) long for their money. Sometimes so long that they go bankrupt before they receive their money - to which they are really entitled. Fortunately, smaller entrepreneurs are getting the much-desired (and much-needed) support from the government.

The role of banks, credit insurers and government is often highlighted in times of crisis. So too in the current corona crisis. Calls for government support measures are rising by the day. But what is often overlooked in this discussion is the role of SMEs. Because that role is perhaps (much) more important than many people think.

How long will the current situation last? It is a question no one has an answer to. What we do know for sure is that the consequences of the corona crisis will be profound. The Dutch economy will soon end up in recession, that much is clear. But how long it will last and how intense it will be, we do not know. Uncertainty is the new normal. And so is financing. In this article, we tell you more about financing in times of (and after) corona.

Of all SMEs, 20 per cent needed new external financing in the year from July 2018 to July 2019. This is according to the Central Bureau of Statistics (CBS) Financing Monitor 2019. In this regard, more and more companies are opting for a modern form of financing: factoring.

Not so long ago, arranging a business loan was surprisingly simple. You stepped into a bank with an empty wallet and out again with a full one. Those times are over. Fortunately, today there are more ways to get business finance. However, the majority of entrepreneurs still do not look beyond their home banker, while alternative forms of financing also offer advantages. Like the combination between financing and single risk credit insurance.

Sometimes business suddenly goes so well that you risk becoming a victim of your own success. It happened to an importer of luxury sporty winter jackets and ski and bicycle helmets, who started having problems with the purchase of his goods. With Xolv Finance, part of Xolv, we cleared the hurdles for this entrepreneur so that he would be well off in the coming festive month - and the period after that. Read how we did it in this article.

You want to do business quickly. Seize opportunities immediately as they arise. For that, you need cash. Working capital. But where do you find that? Not at the bank. Since the economic crisis, they have been busy with everything from compliance rules to Basel agreements, but not with you: the SME entrepreneur. If they pay attention to their customers at all, it's the big, gilt-edged companies. So what next? Can your ambitions and revenue growth go into the refrigerator, or worse: the dustbin?

In mergers and acquisitions, the impact on cash flow is regularly not sufficiently considered, causing companies to run into problems. It is important not only to look at the financing of the acquisition, but especially to look closely at the financing of a company's cash flow. Is there sufficient liquidity, and if not: what solutions are available?