Which industries are at risk?
After years of growth, there was talk of a downturn before corona broke out. When COVID-19 broke out, everyone expected the worst, but the economy remained intact due to government support measures. In fact, the number of bankruptcies was at its lowest level ever. Even now, the number of bankruptcies is still low, although the figures have been increasing since the end of 2022 and there seems to be an acceleration in 2023.
No scheming
A good partnership is all about trust. And about good services and service at the right prices, of course. But above all it is about trust. If you engage a broker, you want to be sure that no deals are being done behind your back. To put it bluntly. And we understand that like no other. As entrepreneurs, we too are always looking for parties we can trust. Who are transparent, who let us do business freely. That is precisely why we want to be very transparent about our working methods. And we cannot emphasise that enough.
What to look out for with Direct Lending?
Borrow money quickly without the intervention of a bank. A direct loan from a lender to a business, that is Direct Lending. With banks becoming increasingly reluctant to lend money, the bank less interested in certain segments and procedures becoming more bureaucratic, Direct Lending can be a serious alternative.
Increase your credit limit in 4 steps
More and more frequently and intensively, we mediate to get higher coverage for our clients. As the economy is recovering and prices are rising, we see an increasing need for this. In this blog, you will read about the steps required to apply for an increase and a so-called Top-Up limit, an additional credit limit.
No solution? Impossible!
What's in a name? In the case of Xolv, everything! Thinking in solutions is not only in our name, but above all in our DNA. It is a sport to get to the heart of the problem, only then can we devise and present suitable solutions to our clients. What that delivers? A reduction in our customers' financial risks and, at the same time, an increase in available working capital.
Repaying corona debts: does your existing financing still fit?
As a good entrepreneur, you regularly ask yourself whether the existing financing still suits your company's current and short-term expected situation. This is always true, but certainly in the challenging period we have had and still have ahead of us. Just think of all the coronasteun, whose repayment obligation started in October last year.
It's not about achieved, but paid sales
itsme is a family business and we still exude that. We are big, but still flexible, open-minded and friendly. We say what we do and do what we say. Our customers are central to us; if things are going well for them, they are automatically good for us too. We are convinced that that sense of partnership contributes to the goals we have together. And left or right, we always look for solutions that benefit everyone. That requires trust and creativity. itsme gives that space.
Turnover policy credit insurance: no longer a must!
Exporters increasingly demand support in collecting payments and hedging risks. The main partners are still banks, export associations and credit insurers. Besides the traditional credit insurance policy (the so-called turnover policy), many new products have been developed in recent years. Both existing and newly joined insurers are looking for opportunities to engage the still large group of uninsured companies. Or, on the contrary, for opportunities to serve existing policyholders even better. This development in the credit insurance market is leading to more and more innovative tailor-made products.
Financial guarantees through insurers: these are the opportunities
You may need to issue a guarantee or surety to customers, this can be requested in both the public and private sectors. The market for these financial guarantees has changed considerably in recent years. Whereas in the past - with one exception - bank guarantees were almost immediately discussed, nowadays more and more other parties are entering the market. These mainly include insurers. And that offers opportunities.
Issues to consider when taking over a business
Taking over a business is not something you do often, or you must be a professional investor. A business acquisition is a delicate process. This applies to both the seller and the buyer. While the seller looks forward to an attractive purchase price, which often secures his pension, on the other hand, he is also saying goodbye to his life's work. He therefore wonders whether the company, which he has built with blood, sweat and tears, is in good hands with the intended buyer. And does the buyer have the necessary resources or financing? For the buyer, the process is no less exciting. It is often the first time he is taking over a business. Is he not paying too much? Are the figures he received from the selling party correct? Will he manage to continue the success and is he able to get the financing of the purchase price and then also pay it back in the agreed instalments? In short, an exciting process for both parties.