This robust growth has taken place in a general environment of low economic growth (only 1.8% across the EU 27) and demonstrates the importance of the factoring and commercial finance industry in funding and supporting the development of business, both domestic and international.
Admittedly this growth is against the back drop of Banks have less appetite for their traditional bank lending facilities such as overdrafts. However, this reluctance to lend is requiring Business Owners to look at the alternatives and furthermore Directors are seeing that invoice finance is a very credible alternative.
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An Invoice Factoring facility could be an ideal funding solution for any business that sells products or services to another trading business.
Fund Sales Invoices up to 90%. Track Sales – your funding grows inline with your sales growth. Flexible Facility – draw down as and when you need the additional working capital.Similar Interest Rate Costs to an overdraft. Available to New Start Businesses. Flexible Terms – No extended tie in contracts.If you are interested in a Risk Free invoice finance quote click here.
The above Research: Five countries made up 80% of the total EU market share: United Kingdom, France, Italy, Germany and Spain. The level of factoring penetration in terms of GDP increased from 6.5% to 8.0%
Filed under invoice factoring by Enable Finance
If a organization is under capitalised and aspects, the invoice discounting organization is not providing a loan as the manufacturer organization OWNS the accounts when examining the small and not the organization that increases the accounts.
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Businesses who use invoice factoring find that up to 90 percent of the value of their invoices is available to them straight away. The money left over is paid back to the business as soon as the customer meets the cost of the invoice.
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