Over the last couple of years, several invoice finance partners have pulled out of handling small businesses (under £250,000 turnover per annum) which has left a gap in the market serviced by very few invoice finance companies.
We are pleased to say that the gap is now being filled again by one industry-leading factor that has just launched a cheap recourse factoring facility for small businesses, turning over from zero to £1m pa. The facility has a minimum service charge of as little as £3,000 pa which includes a comprehensive credit control service, which is not just limited to larger balances as others of similar cost can be.