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• 15 Dec

  86 Percent Business Funding Success Rate

  

  Every year we like to check our key statistics to see how we are performing. One of the key things that we track is our success rate at finding prospects the funding that they are looking for. We define that as finding the funding that they wanted, it does not necessarily mean that they went ahead, but it's a good indicator to other clients that we are likely to be able to find them a facility.

  86% Business Funding Success Rate

  When we reviewed our numbers over the last year, we found that we have been able to find 86% of prospects the funding that they wanted. That is a pretty good 86% buasiness funding success rate*.

  We cannot always guarantee that we have been able to find the exact facility, or the rates that a prospect wants, but that success rate does demonstrate that you are likely to be approved for a facility if you apply through FundInvoice.

  Business Finance Despite Prior Adverse Credit History

  Our recent focus has been on identifying new partners that are able to help fund companies, regardless of their financial circumstances. This means that even where the Directors are not homeowners, or they have prior adverse credit history - they can still get business finance through facilities such as invoice finance and factoring.

  Even in situations where there have been personal or company county court judgements, we have funding partners on our panel that will look past that and take a supportive approach. 

  We are very aware of that the pandemic is causing many businesses to struggle, so we are trying to assist as many of them as possible. We have produced a company turnaround guide to help. It is highly likely that some businesses will be forced to close, despite the Government support that is available. We are committed to trying to help as many of those with cash flow problems avoid insolvency.

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  *NOTE: Prospects identified as potential fraudulent applications have been removed from the calculation.

  By Glenn Blackman