56% of SMEs Prefer An Independent Invoice Finance Company
We asked 100 SMEs if they would prefer to use a bank owned invoice finance company or an independent invoice finance company
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1 - Invoice Finance
2 - Factoring
3 - Invoice Discounting
Cashflow Acceleration
Research
ShareThis82% Of Suitable Invoice Finance Prospects Not Contacted By Invoice Finance Companies
82% of suitable invoice finance prospects have not been contacted by any invoice finance companies in the last year.
Average Business Loan Represents Just 4.7% Of Sales Ledger
SME survey – average business loan value represented just 4.7% of debtor outstandings. Recent ABFA figures show comparative figures for invoice finance as 42%
No Minimum Base Rate For Invoice Finance & 28 Days Notice Of Termination
Exclusive offer from Cashflow Acceleration Ltd. No minimum base rate or LIBOR rate & short notice of termination periods – just 28 days
HMRC Time To Pay Arrangements Value Halves & Refusals Double
Recent research and news reports suggest that HMRC Time To Pay Arrangements have halved in value and refusals have doubled
7% Of SME Businesses Have Business Loans
Only 7% of SME businesses we surveyed said that they had a Business Loan. 88% said they had an overdraft.