Win an iPad2
Here at Catalyst we have become quite specialised (and quite good) at Single Invoice Factoring. In fact in July we completed our fastest deal for an existing client. The invoice was submitted for funding at 11.30am and cash was in the client’s account at 2.00pm the same day. So that’s our new target –2½ hours from start to finish!
Catalyst survives on introductions and we are happy and proud of the large number of professional firms and other finance providers and advisers who are already recommending us to their clients. We want to say thanks to them and hopefully encourage others to give us leads as well.
So we will be handing out iPads to all our introducers over the next two months.
Like everything we do, the rules are simple. ..If you introduce us to a client between now and the end of October 2011 and we are able to complete a deal which involves factoring a minimum of £50,000 of invoices for at least a month then we will send you an ipad2. It will be sent to you as soon as the invoices have been paid.
The more deals you do, the more iPads you get! So that’s the Christmas present list sorted out – just get referring!.(NB: this offer does not replace any brokerage you may earn on the deals you refer to us.)
A reminder about Single Invoice Factoring:
Key features? It’s just like traditional invoice factoring but….
- It’s non-contractual:
- There are no fixed fees
- It’s quick and easy to set up;
- It’s incredibly flexible and;
- It requires virtually no administration
- Above all it gives businesses unprecedented control over cash flow – it’s like a tap which can be switched on and off according to the actual day to day cash needs of clients.
Recent Case Study
A Company in Exeter with a long history and good client base had run into difficulties. The bank was supportive to a degree but the account had been transferred to “special measures”. The business was struggling to recover and was being starved of cash. The bank could not extend more facilities and frequent returned direct debits and bounced cheques were incurring massive fees and unauthorised overdraft charges.
After a short review we were satisfied that the business was not only fundamentally sound but had a great customer list and strong customer relationships. All our “one-off” agreements were put in place within a few days but there was a delay before we could actually start helping while the bank looked at its position. Clearly we couldn’t do anything without a debenture waiver from them.Once the waiver had been granted we moved very quickly and started buying invoices within a couple of days.
We now hold more than £200k of high quality invoices at any one time and will continue to support the business for the foreseeable future.
The Company’s FD commented: “Catalyst IFG’s Single Invoice Factoring product has proved to be a really helpful and flexible solution giving us the breathing space we needed to tackle the internal issues. Without this it is hard to see how the business could have turned itself round. The fact that the facility is there only for as long as the business needs it means we have the flexibility to cut back and then stop using it as soon as we want to”.
To finish – If you are thinking of making an introduction and are not sure it will work for Catalyst then please just give me a call and let’s talk it through. If I can help I will and if not I will tell you straight away and let you know if I can think of an alternative solution. I like trying to solve problems!
Please get in touch!
Jeremy Lawrence
Catalyst IFG 0845 528 0788
