- 13 Jul
ABFA Reports 2.4% Increase In ABL/Invoice Finance Client Numbers
ABFA (Asset Based Financing Association), the #invoicefinance industry body, have published the statistics for their members for the year to the end of March 2013.
These show UK ABL/invoice finance client numbers increasing from 41,498 to 42,497, an increase of 999 or 2.4% over the year. Positive growth but the number of businesses finding their way to these cash flow funding products is still way below what it should be.
Time and time again our market research surveys have found that a lack of awareness and understanding of invoice finance, amongst UK businesses, is the main reason for this. Invoice finance could help many more businesses raise working capital finance.