working capital financing

The importance of a good balance sheet is a well-known phenomenon. Especially towards the end of the year, it is good to take a look at it. After all, when closing your financial year, it pays to reduce your balance sheet total. We briefly explain here how you can do this.

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.

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.

After more than two years of preparation, Sander Dekker, our minister for legal protection, sent a bill to the House of Representatives in early June to end the pledge ban. Finally, is our opinion. In this piece, we explain to you why it is so important - especially for small and medium-sized enterprises - that this pledge ban be ended.

Smaller entrepreneurs often have to wait (too) long for their money. Sometimes so long that they go bankrupt before they receive their money - to which they are really entitled. Fortunately, smaller entrepreneurs are getting the much-desired (and much-needed) support from the government.

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.

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.

Of all SMEs, 20 per cent needed new external financing in the year from July 2018 to July 2019. This is according to the Central Bureau of Statistics (CBS) Financing Monitor 2019. In this regard, more and more companies are opting for a modern form of financing: factoring.

Years ago, we saw it a lot in the financial market, and it still happens: forced shopping. In other words: in order to get a request - in this case obtaining financing - granted, purchase of another product is required. It is allowed in the Netherlands, but often it does not benefit an entrepreneur. Why not? We explain that in this article using a concrete example. We also tell you why a spread across several suppliers is preferable.

Not so long ago, arranging a business loan was surprisingly simple. You stepped into a bank with an empty wallet and out again with a full one. Those times are over. Fortunately, today there are more ways to get business finance. However, the majority of entrepreneurs still do not look beyond their home banker, while alternative forms of financing also offer advantages. Like the combination between financing and single risk credit insurance.