Bank closed? With American Factoring you still have fast credit
The corona crisis is an uncertain time for many companies. Turnovers fell and many companies came to a partial or even complete standstill. Fortunately, the government came up with some support measures almost immediately, with banks and insurers also playing a role. But not everyone can claim these. Fortunately, there are alternative ways of financing for these entrepreneurs. For instance, factoring, where the 'American variant' can now come in handy.
Good news: 1893 bankruptcy law finally amended
Good news for companies struggling (partly) because of the corona crisis. The House of Representatives on Tuesday 19 May approved a legislative amendment allowing companies to reorganise and restart more quickly. This suddenly puts an end to decades of wrangling over amendments to the Bankruptcy Act, which dates back to 1893. In this piece, we explain why amending this law is a good thing.
Debt collection during the corona crisis: useful tips & tricks
Never before has the Dutch economy been hit so hard as during the current corona crisis. It is therefore logical that we are often approached by our clients recently asking what action(s) they can take to collect outstanding debts as effectively as possible. In this article, we provide answers to frequently asked questions as well as some useful tips & tricks on debt collection in times of corona.
Agreement on state guarantee for credit insurance imminent
For weeks now, the media have been reporting on talks between the Dutch state and credit insurers about a state guarantee to keep the economy going. We would have liked to have told you more about the exact content of these measures and what they mean for you and your business at this point. However, there is not yet a final agreement on an arrangement whereby the state guarantees part of the risks.
Buying on credit: society's lubricant
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.
Why it matters just now who you do business with
The world has gone down quite a few gears in recent weeks. The coronavirus COVID-19 has huge implications on our daily lives and the economy. Many companies are (of necessity) looking for new sales channels. Companies that can no longer do business on account with their existing suppliers will also start looking for new suppliers. Because of all these changes, it is extra important to know who you are doing business with. Xolv makes this a little easier for you, thanks to a great offer in cooperation with CreditDevice.
Financing in corona time: uncertainty is the new normal
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.
Opinion on FD article: Credit insurers squeeze lifeline retailers
Yesterday, the Financieel Dagblad posted an article titled 'Credit insurers squeeze lifeline retailers'. Read the reaction of Paul van Uden, managing director Xolv, below:
Funding Circle quits with immediate effect. The end of fintechs?
Completely unexpectedly, it was announced in mid-March that Funding Circle was withdrawing from the Dutch and German markets with immediate effect. Most employees will be laid off, the current loans will still be dealt with and then the adventure will be over. Funding Circle was - by its own admission - the largest provider of alternative finance in the Dutch market, with a total amount lent of EUR 220 million.
Insured or uninsured: 8 things you need to know about coronavirus and credit insurance
The coronavirus holds us all in its grip. How the virus develops in the coming period, we cannot predict. But that the pandemic will have a huge impact on the global economy is clear. That means you need to keep a sharp eye on (the terms of) your credit insurance - with our help. In this blog, we list eight things you need to know and what we can do for you. This also applies to uninsured companies. Credit insurers may still have options now, so it is not too late to act.