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New figures from the Institute of Chartered Accountants in England and Wales (ICAEW) has found that bank fees and costs for SMEs have increased.�
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According to a new study by Investec Specialist Private Bank, the continuing difficulties in accessing finance are forcing many companies to seek out asset-based loans and mezzanine finance.�
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In a move that will be welcomed by small and medium sized businesses nationwide, the Chancellor Alistair Darling says the Treasury will pay 80 per cent of invoices from small businesses within five days.�
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A presentation explaining invoice finance has been put together by ABFA, the Asset Based Finance Association, clarifying the various types of funding available to businesses through the asset based finance industry.�
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Cashflow is a major problem for start-ups, according to GoldOne accountancy, which claims that 120,000 new businesses will be launched in the first quarter of the year.�
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The Christmas and New Year period is one of the toughest times of year for small businesses in terms of cash flow. However, help in the form of invoice factoring can generate much-needed cash while small businesses wait for their New Year invoices to be paid.�
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