Invoice Finance Company’s Record Lending Demonstrates How Businesses are Looking Beyond the Banks for Finance

Milton Keynes, England (PRWEB UK) 29 July 2011

Against a back-drop of the banks being criticised for failing to meet small business lending targets and recent Business Finance Taskforce research revealing that certain types of small firms are less likely to be offered what they want, a company providing a different type of business finance has announced record advances and record profits.

Calverton Factors, based in Milton Keynes, is an independent company providing Invoice Finance facilities to SMEs. This is where a business is offered up to 90% of the value of its invoices when they are raised, rather than waiting to get paid, so they can have immediate funds in the bank.

Over the year to April 2011, Calverton increased its advances to clients by 21% and has announced record pre tax profits of £656,000, up 51% on the previous year.

Comments Calverton Factors director, Mark Byrne: “With credit being harder to find for SMEs, these numbers demonstrate that we still have the appetite to assist young and growing UK businesses. I believe that this is a period of opportunity for the invoice finance industry and for Calverton Factors, and that 2011-12 will be another year of growth for the company.

“These excellent results are down to the hard work and commitment of our staff. Calverton Factors provides a very personal service to our clients; this means that our client retention is one of the best in the industry. Good personal service depends on good people and our commitment to provide our clients with the best service is infused into our culture.”

Antony Meade, the Finance Director of Family Matters Fostering Ltd, and a client of Calverton, comments: “I have been working with Calverton Factors since April 2001 and feel that I get genuine value for money from invoice factoring. When I recently started another company which, by its nature, benefitted from factoring (as local authorities with whom it deals, are regrettably slow in paying) the new account was set up and running within a few days. Cash flow has not been a problem.

“Over the last thirty years I have worked with a fair number of large and small banks and factoring companies in a variety of business arenas. Not all banks are the same – and not all invoice finance companies are the same either. Calverton have provided the same level of commitment and service to us for over ten years now – and I can’t say that I have experienced that level of consistency with any other financial institution that I have ever dealt with. I have always found them to be prompt, courteous, efficient and most importantly – flexible!”

The success of Calverton Factors coincides with an increase in lending secured against assets, such as a company’s invoices. According to the latest figures from the Asset Based Finance Association, while traditional bank lending to small businesses is still declining, Invoice Finance and other asset-backed lending rose by 9% in the first quarter of 2011.

Calverton Factors’ subsidiary, Calverton Business Support, which provides back office support, including managing payrolls and issuing invoices, also saw record business levels with income up by 55% and pre tax profits up 53% on the previous year to £120,000.

The company specialises in back office support for the recruitment sector, and has just launched a ground-breaking on-line system to ease the work-load for owner-managed recruitment companies.

Comments Suzanne King of Calverton Business Support: “This has been another year of growth for Calverton Business Support. Our new PROM (Payment and Recruitment Online Management) system, an online system designed to make payments and payroll processing even faster, has been a great success and we are continuing to see strong growth in our recruitment clients.”

For more information on invoice finance or back office support go to http://www.Calvertonfactors.co.uk or call 01908 268888.

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Clopton Capital Expands Business Lending Division

Chicago, IL (PRWEB) August 14, 2011

Clopton Capital is a Chicago based commercial financing company offering commercial real estate loans and business loans to borrowers nationwide. The company is a leader in providing commercial capital for a wide range of ventures and a diverse selection of borrowing types. Clopton is approached daily with numerous requests for business financing that does not include real estate, because of this it has opted to increase efforts to led capital for strictly business purposes.

Clopton Capital previously was focused primarily on commercial real estate loans, this is where the majority of financing request were coming from for the company. However because of increased awareness of Clopton to the borrowing community, they are receiving commercial loans requests for business purposes that include anything from working capital to inventory stocking funds.

The variety of business loans that Clopton is offering will cover business owners for a wide range of uses. Purchase orders, accounts receivables, working capital advances, and contract financings are all options available directly from the company now. Knowing that no two businesses are alike, Clopton is taking a case by case basis approach to this type of lending. This will open up credit lines for companies that are not currently able to be served by traditional lending institutions.

Clopton Capital sees business lending as a necessary and important arena to participate in for the ongoing future. “Businesses are just not getting the financing that they need from their banks anymore. It’s up to private companies to provide that blood that these companies are going to need. Whether you’re a liquor store or a huge manufacturer, there is going to come a point where you are running short on capital and we hope to be able to fill the gap to provide that to you,” Says Jake Clopton.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.