• Trades Using Factoring Or Invoice Discounting

    To find out which suitable trades are currently using factoring or invoice discounting I had a look at our most recent survey of existing invoice finance users. The most common trades and industry sectors using these products were as follows:

    • 25% - Manufacturing
    • 7% - Labour hire and recruitment
    • 6% - Freight transport & couriers
    • 4% - Wholesalers
    • 4% - Construction sector
    • 4% - Retailers
    • 3% - Printers
    • 3% - Mechanical engineers

    Now that is not an extensive list, and it does not necessarily represent the overall make up of the whole industry, however it does highlight some interesting sectors. Retail is one of them, several invoice finance companies now offer facilities to retailers. Construction sector is another growing niche served by some providers. Many of the traditional trades that are considered the staples of invoice finance, such as recruitment and transport sector were also present, possibly in lesser concentrations than I might have expected though.

    Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users)

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Examples of just a few of our finance partners:

woodsford tradebridge
metro bank sme finance
leumi abl