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Why SMEs should be taking advantage of Invoice Finance

by David Andrews on May 10, 2011

Although it is an increasingly popular resource, it is estimated that only 2% of small and medium enterprises (SME's) are currently using invoice finance in the UK. With the financial climate increasingly unfavourable towards smaller businesses, Invoice finance could be a lifeline to many SMEs.

One of the most common reasons given by SME's when asked why they haven't used Invoice finance is that they don't understand what it is. It's important that factoring companies can get their message across clearly, providing user-friendly information about the differences between terms such as factoring and invoice discounting, and helping companies to understand the benefits over other cash flow solutions such as traditional bank loans or asset finance.

If you're running a small or medium sized business and aren't sure whether Invoice finance could help your company, here's a few of the benefits explained.

* Flexibility – You only pay interest on the...Read More >>



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