VeendHQ (Techstars '23)’s Post

"Banks said no? That doesn't mean it's the end of the road!" I recently spoke with a business owner struggling with cashflow issues caused by lengthy payment terms with their debtors. They told me they had explored invoice finance through their bank, but when the bank said, "We can't help," they simply gave up, assuming no one else could either. This is a story I hear far too often. Here’s the truth: banks aren’t the only providers of invoice finance or alternative lending. There’s a whole world of alternative lenders offering tailored, flexible solutions designed to support businesses of all sizes and industries. These providers often have more accommodating criteria and a faster, simpler process than traditional banks. If cashflow concerns are holding your business back, don’t let one "no" stop you. There are other options. 👉 Reach out to me for a no-obligation enquiry #BusinessFinance #CashflowSolutions #InvoiceFinance #AlternativeFinance #BusinessGrowth #WorkingCapital #FlexibleFunding

Headlines from the latest research from Aldermore Bank show we have a lot more work to do to tackle late payments to small businesses: - On average, the total value of outstanding late payments to small businesses is £96,772 – a 41% increase from the end of 2023. - 43% of SMEs say the time they spend chasing late payments has increased – spending an average of 13 hours before settling their bill. Read the full report here along with comments from Ross McFarlane, Commercial Director of Invoice Financing at Aldermore Bank. https://lnkd.in/ef6P2HFN

The issue of late payment is not going away. Ask yourself are you getting paid SOME TIME or ON TIME? Are you taking your payment terms seriously , because if you don't how can you expect your customers. #latepayment #cashflow #businessowners #creditcontrol #bookkeepers

Every second you delay is a missed opportunity to meet that financial goal. Our loans are designed to get you the money you need quickly and easily. Click below to seize the moment: https://rb.gy/k5e6n5 #QuickLoan #AutochekFinancing #LogbookLoans #CashLoan

Late payments. The bane of our lives for businesses who don’t pay on time. My blog looks at this secret ingredient you can use to look at yours: #cashflow #latepayment #talktoron

At Firth Finance, we understand that navigating the loan landscape can be challenging. As experts in financial solutions, we are dedicated to simplifying the borrowing process for our clients. Why Choose Firth Finance? 1. Tailored Solutions: We offer a range of home credit loans designed to meet your unique financial needs, whether you are looking for personal loans, emergency loans, or quick cash loans. 2. Expert Guidance: Our team of loan specialists is here to guide you every step of the way. We take the time to understand your situation and provide personalized advice to help you make informed decisions. 3. Quick Approvals: Time is of the essence when you need financial assistance. Our streamlined application process ensures that you receive a decision quickly, allowing you to access funds when you need them most. 4. Transparent Terms: At Firth Finance, we believe in transparency. We provide clear information about interest rates, repayment terms, and any associated fees, so you can borrow with confidence. 5. Customer-Centric Approach: Your satisfaction is our priority. We are committed to keeping you informed throughout the process and ensuring that your experience with us is seamless and stress-free. If you are considering a loan, do not hesitate to reach out to us at Firth Finance. Let us help you find the right financing solution that fits your needs and empowers your financial future. Together, we can turn your aspirations into reality! firthfinance.co.uk #FirthFinance #LoanExperts #FinancialSolutions #CustomerFirst #EmpowerYourFuture

Just finished "Personal Finance Concepts Everyone Should Know" by Hailey Margetta! Check it out: https://lnkd.in/e2bbW9hP #personalfinance , #banking , #finance , #personallending , #debtrestructuring .

This is a great article by Alex McLeod, MBA of #parlayfinance and Lindsay Torrico of the #ABABankingJournal - highlighiting the importance of fintech partnerships done right. I was fortunate enough to have a conversation with Alex recently, and her insights and vision for small business financing were spot on. #Smallbusinesses keep our communities buzzing—whether it’s the coffee shop that knows your order, the local boutique (you swear just needed that new sweater, right?), or the auto repair shop that always finds time to squeeze you in. But access to capital isn’t always easy for them, especially for women and minority entrepreneurs, which comprises much of the underserved markets mentioned in the article. Enter banks and #FinTech: the dynamic duo we didn’t know we needed. When tech and human touch align, lending becomes smoother, friendlier, and much more accessible. Let’s be honest, #SBA7a is not always smooth, but its a pretty big tool in the chest. Supporting these small businesses doesn’t just build local economies—it also helps banks grow and keep relationships brewing. It’s a win-win, like finding out your weekend plans got cancelled when you’re an introvert. So #lenders, get out there and find GOOD tech partners that understand the balance of efficiency and service.

Tired of the Banksters leveraging your hard earned cash and giving you crumbs? Would you like to learn how to leverage it for yourself like the banks and corporations do? 🌟 Unlock financial freedom with the Infinite Banking Concept (IBC) by Nelson Nash! 💰 Here's how to create your own personal banking system: 1) Assess your finances and goals. 2) Qualify for and purchase a dividend-paying whole life policy and let the cash value grow tax-deferred 💰 3) Use paid up additions to maximize cash value. 4) Instead of borrowing from banks, take out loans against your policy's cash value at a low fixed rate 🏡🚗💼 5) Repay the loan, keeping your policy intact, allowing you to recapture and compound the principal and interest 🔄 6) Use dividends from the mutual insurer to supercharge your cash value growth 🚀 7) Repeat this cycle to finance your dreams while securing your future! 🔄 It's a way to create your own personal banking system where YOU are the banker.  No more throwing away interest and principal to others - you recycle and compound it for yourself! With discipline and proper policy design, Infinite Banking can help you achieve true financial freedom and independence from third-party lenders. Who's ready to take control of their finances and become infinitely wealthy? 💸 Remember, financial planning is personal. Consult a professional to tailor this strategy to your needs. #InfiniteBanking #NelsonNash #FinancialFreedom #WealthBuilding #AlternativeBanking

Banking snapshot shot day 9 🏦 #Banking #termloan #overdraft #Loanawareness Understanding the differences between a term loan and an overdraft facility is crucial for effective financial management: 🔵 **Term Loan**: - 💡 Definition: A lump sum borrowed for a specific period with fixed repayment terms. - 💰 Repayment: Monthly payments of principal and interest until maturity. - 🎯 Purpose: Ideal for major investments like equipment or property. - 📈 Interest Rate: Typically fixed or variable, often lower than overdraft rates. 🔵 **Overdraft Facility**: - 💡 Definition: Flexible borrowing allowing withdrawals exceeding account balance. - 💰 Repayment: Interest on overdrawn amount, no fixed schedule. - 🎯 Purpose: Great for short-term cash flow or unexpected expenses. - 📈 Interest Rate: Generally higher compared to term loans. In essence, a term loan suits long-term needs with structured repayments, while an overdraft offers short-term liquidity with flexible repayment terms. #BankingInsights #FinancialEducation #Banking101