Onderwerp: factoring

Factoring has been around for many decades, but has boomed in recent years. This is because since 2017, due to new Basel standards, general banks have been more cautious about providing short-term loans to businesses. However, there are still a number of misconceptions about this modern form of financing. In this article, we cover the 4 most common arguments against factoring.

Spring has sprung and it seems that after more than two years, the corona crisis is largely behind us. While we are facing the negative consequences of Russia's invasion of Ukraine, there are plenty of companies that are not affected. However, we do see many uncertainties in the market affecting current financings. In this article, we discuss the alternatives and elaborate on the benefits of stacked financing.

Over the past 20 years, we see that sales via the internet have become increasingly important. In the last five years, we have seen a new development: sales via online marketplaces. In this article, we explain how this business model works and how financing works.

At the beginning of April, the government will discontinue the corona-aid package. This means entrepreneurs will have to start repaying their tax debt and face a huge financial challenge. A well-founded business plan offers a solution!

Business automation is probably not the first thing you think of when the subject of working capital finance comes up. Yet the two are indeed related. In this article, Fred Soers, managing partner of Xolv, gives his views on the developments in the market around automating working capital processes. Whereas before, way back when, communication with the banker was by letter, nowadays everything goes electronically. Not only the daily communication, which goes by e-mail or even by WhatsApp, but even the entire contract formation, increasingly goes electronically. For example, through online portals in which financiers 'share' contract documents. This form of communication with the funder does not require sophisticated tools. E-mail and an internet browser usually suffice. As long as a company finances itself with loans and a standard bank credit, the banker does not place high demands on the borrower's automation.

Since the outbreak of the corona pandemic in March 2020, the world has been upside down. In the first few months, panic broke out in a big way. The general thought was that the economy would grind to a halt, there would be mass layoffs and bankruptcies would rise to record levels. This turned out to be far better than expected. However, congestion arose in the global chains as demand first fell away, but picked up again not much later. In this article, you will read our view on these developments and how you can have sufficient working capital to maximise your company's growth.

The Netherlands has traditionally been a country of traders. Nowadays, a large proportion of SMEs are involved in trading. This means that in many cases they do not produce themselves, or at least have a significant part of their product produced elsewhere. These companies buy in products after they have received orders, but sometimes even before that, so they deliberately take some inventory risk. Credit insurance can play an important role in preventing business from grinding to a halt. In this article, we explain how credit insurance speeds up trade and makes financing easier.

Previously, when applying for a loan, the entrepreneur went to the house bank with his latest annual report, and often accompanied by his accountant. After a few weeks, the entrepreneur received a contract for signature or, in the most negative case, a rejection. There were not many alternatives. However, the Dutch financing landscape is becoming increasingly diverse. From four major banks and a lost leasing company at the beginning of this century, to more than 100 providers -large and small- today. And new providers are still entering the market almost every week. What a (re)financing process looks like at Xolv Finance is explained by Fred Soers in this article.

Most of the cororama support measures have recently ended or will end in early October. In this article, we take a look to the future. What should you look out for when repaying support measures and what can you do to keep a grip on your liquidity?

When we talk about working capital financing, the term factoring often comes up. Factoring is at its core debtor financing, but what you may not realise is that there are many forms of factoring. In this article, we give an overview of the different variants.