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• 01 Apr

  Does Your Invoice Finance Company Still Want You

  Does your invoice finance provider still appreciate your business?

  You may think that sounds like a ridiculous question - surely the purpose of any invoice finance company is to gain clients and hold onto them, so they must appreciate each and every one? That is not always the case.

  Invoice Finance Companies Asking Clients To Leave

  These are previous instances where clients have been told that they are no longer wanted by their providers:

  • Case study - Too Small For Your Factoring Company.
  • One provider issued a letter to some of their smaller clients asking them to seek alternative facilities.

  Going Global Should Be A Positive

  Well, we have just come across this again, with another invoice finance company.

  This case concerned a medium-sized recruitment company that no longer fitted the size and nature of business criteria of their invoice finance company. The provider has looking to target larger deals, and also as the location of their debtors was changing from European to global, so the provider wanted them to seek alternative facilities. You would have thought that the prospect of taking your business global, outside of Europe, would have been seen as a positive. However, it was not something that this provider felt able to support.

  Alternative Providers That Will Appreciate Your Business

  As we have said many times before, different providers have different criteria. In fact, no two are the same. So we have been able to find alternatives. It is just a sad situation that some companies are being told they no longer fit the invoice finance company's criteria, especially within a market where it is tough to attract and win new business.

  We Can Help You

  If you have been told that you no longer meet your invoice finance company's criteria, don't panic. Give us a call and we will introduce you to a range of providers that are very much "open for business" and ready to bring a "can do" attitude to any funding situation. If your business is not appreciated by your current provider, there are others that will appreciate you!

  By Glenn Blackman