• 23 Feb

    Invoice Finance Is A Well Kept Secret

    In our survey, we asked the SMEs that we interviewed why they thought that so few UK businesses used invoice finance. The Asset Based Finance Association's figure for the total number of businesses currently using factoring and invoice discounting, via their membership (*see below for a list of contributors to these ABFA figures), in the UK as of September 2009, was just 42,983.

    31% of respondents thought that businesses just hadn't heard of invoice finance. Some respondents also thought that the factors were not promoting the products sufficiently.

    By Glenn Blackman

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