- 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.