Concern as SMEs turn away from alternative finance
When the economic crisis was at its lowest point, there was great emphasis on the need for alternatives to traditional banking supports. Factoring, also known as invoice finance, was seen as one of the principle alternative financial intermediaries, offering a funding source for cash-strapped businesses by agreeing to pay the company up front the value of their sales invoice less a discount for commission and fees.
Mon, 19 Sep, 2016