- 23 Nov
56% of SMEs Prefer An Independent Invoice Finance Company
We asked 100 SMEs whether they would prefer a bank owned invoice finance company or an independent invoice finance company.
The results were as follows:
- 56% preferred an independent invoice financier
- 33% preferred a bank owned invoice financier
- 11% said either
This is an interesting result when you consider that bank owned invoice finance companies have a much larger share of the invoice finance market than the independents despite the fact the suggestion from these results that they would actually prefer to use an independent company.I will be looking at the reasons why over the next few days.