• Why 56% Of SMEs Prefer An Independent Invoice Finance Company

    When we spoke to a sample of SMEs we were told that 56% of them would prefer to use an independent invoice finance company rather than a bank owned company for their factoring or invoice discounting facilities. These are the reasons they gave for that choice:


    • 41% Personal service

    • 13% Wouldn't trust banks after what's happenened in last few years

    • 9% Customer focused

    • 9% Flexibility

    • 9% Reliable

    • 7% Not having "all eggs in one basket"

    • 5% No foreign call centres

    • 5% Not being just a number

    • 2% Less risk


    Clearly, there are a number of actions that banked owned factoring companies could take, to address some of these points, in order to increase their appeal to SMEs.

    Share with:
Share with:

 

I have read and accept your:
Customer Terms and Conditions.

 

Examples of just a few of our finance partners:

marketinvoice
inksmoor
acg
nucleus
positivecashflow
ifg