• 08 Jul

    Factoring Clients Use Two Different Factors On Average

    Our survey of 46 existing factoring clients from across a spectrum of different factoring companies, revealed that on average a factoring client will use 2.2 different providers during its life as an invoice finance user. In total we found that clients used factoring for 4.8 years on average and they had spent 2.2 years, on average, with their current factoring company. These findings suggest that businesses see factoring as a medium term solution rather than a quick fix. They also suggest that the volume of churn in clients moving between different providers, may not be as high as it is perceived to be by some within the industry. Source: Factoring Clients Survey March 2014

    By Glenn Blackman

Share with:

Examples of funders we work with:

kriya
apollo business finance
metro bank sme finance
bibby
berkeley
ultimate finance group