Good news: BMKB credit now also available from alternative financiers
The SME Credit Guarantee Scheme (BMKB) is no longer only available through traditional major banks. Alternative financiers can also provide this credit, which also provides for a special coronary arrangement. In this blog, we tell you why this is good news.
Paul van Uden: 'Does the second lockdown still dent the Dutch economy?'
We survived the first corona wave miraculously well. According to Paul van Uden, managing director of Xolv, the second lockdown could still give our economy a mercilessly hard hit. However, government support for credit insurers could play a crucial role in preventing that blow, Paul argues in his opinion piece.
Extension of reinsurance supplier credits keeps limits in place
The Dutch state wants to continue guaranteeing credit insurers for six more months. In his parliamentary letter of 12 November 2020, State Secretary of Finance Hans Vijlbrief writes that he wants to extend the so-called supplier credit reinsurance until 30 June 2021. This is good news for insured suppliers, as it allows them to continue supplying their customers under cover.
Why factoring is the financing form for the temporary employment industry
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.
Two for twelve in staffing industry: take out credit insurance now
We already saw the first signs of a slowdown in the global, and therefore the Dutch economy, last year. Usually, the staffing industry felt this immediately, as the number of staffing hours fell. Nevertheless, 2019 was a fine year for most staffing agencies. Until the coronavirus struck in early 2020. The labour market completely flipped. The first blows are visible in the staffing industry, which is considered the thermometer of the economy. It is therefore clear that the hardest blows are yet to come.
Brexit: a never-ending story... But for you?
It was a while ago, but we cannot escape it: an update on the Brexit. We seem to be heading for a no-deal Brexit. And that is mostly unfavourable for Dutch companies, as you can read in this blog.
Financial guarantees through insurers: these are the opportunities
You may need to issue a guarantee or surety to customers, both in 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. This mainly involves insurers. And that offers opportunities.
Enjoying avocados for years to come, thanks in part to Xolv
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.
America chooses: dollar loses?
On 3 November 2020, Americans will choose their president for the next four years. However, that does not mean we will know on 4 November who won the election. If uncertainty persists for long, the dollar is likely to go down even further.
Paul van Uden: 'How hot is the corona soup actually eaten?'
Paul van Uden is a realist, but above all an optimist. Even in these corona times, when doomsday scenarios are flying around our ears. In his opinion piece, the chief executive strongly wonders whether the corona soup is being eaten as hot as it is often served up in the media.