- 27 Jun
ABFA Invoice Finance Client Numbers Grow
At last! the latest figures (March 2012) from the ABFA (Asset Based Finance Association), the invoice finance industry body, show an increase in the number of invoice finance (factoring & invoice discounting) clients by 1.8% (excluding Import Factoring, Stock and ABL) over the course of the previous year. Futhermore, the number of clients (all clients) gained in the quarter was 493 higher than the number that were lost showing positive growth over the last quarter.
Positive news at last - hopefully the message is beginning to spread about how effective invoice finance such as factoring and invoice discounting can be in financing growing businesses and improving cash flow. Lets hope it long continues!