• 06 Jan

    Why 56 Percent Of SMEs Prefer An Independent Invoice Finance Company

    When we spoke to a sample of SMEs we were told that 56% of them would prefer to use an independent invoice finance company rather than a bank-owned company for their factoring or invoice discounting facilities. These are the reasons they gave for that choice:

      • 41% Personal service
      • 13% Wouldn't trust banks after what's happened in the last few years
      • 9% Customer Focused
      • 9% Flexibility
      • 9% Reliable
      • 7% Not having "all eggs in one basket"
      • 5% No foreign call centres
      • 5% Not being just a number
      • 2% Less risk

    Clearly, there are a number of actions that banked-owned factoring companies could take, to address some of these points, in order to increase their appeal to SMEs.

    Learn more about SME Invoice Finance.

    By Glenn Blackman

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Examples of funders we work with:

pennyfreedom
skipton
bibby
closebrothersinvoicefinance
berkeley
funding invoice