5 biggest invoice factoring myths dispelled

Invoice factoring myths dispelled5

Asset based finance now supports 15% of all UK

company turnoverAccording to ABFA

Asset based finance now supports 15% of all UK

company turnoverBut age-old misconceptions around invoice

factoring still exist, scaring businesses away from utilising the facility

According to ABFA

So, here we dispel 5 of those myths and show how factoring could be a viable funding option

for your business

It’s a sign of trouble1MYTH

Historically, factoring was commonly associated with struggling firms or

those in financial distress

BUT THE STIGMA

Historically, factoring was commonly associated with struggling firms or

those in financial distress

HAS GONE

*According to ABFA

NOW more than17,000 businesses* use

invoice factoring to:

*According to ABFA

NOW more than17,000 businesses* use

invoice factoring to:

BOOSTWORKINGCAPITAL

*According to ABFA

NOW more than17,000 businesses* use

invoice factoring to:

GROW THEIR

COMPANY

BOOSTWORKINGCAPITAL

*According to ABFA

NOW more than17,000 businesses* use

invoice factoring to:

GROW THEIR

COMPANY

REPLACE BUSINESS

OVERDRAFTS

BOOSTWORKINGCAPITAL

*According to ABFA

NOW more than17,000 businesses* use

invoice factoring to:

GROW THEIR

COMPANY

REPLACE BUSINESS

OVERDRAFTS

NEGOTIATE SUPPLIER DISCOUNTS

BOOSTWORKINGCAPITAL

Customers don’t like it2MYTH

In reality, most companies have no issue with

suppliers using factoring

In reality, most companies have no issue with

suppliers using factoringThose that do often have the

worst payment practices

PLUS factoring can be provided confidentially so your customers don’t need to know

In reality, most companies have no issue with

suppliers using factoring

It locks you in3MYTH

Flexible options are available so you can use

the facility as needed

Spot factoring gives your business the power to:

Spot factoring gives your business the power to:

FINANCE INDIVIDUAL INVOICES

Spot factoring gives your business the power to:

KEEP CONTROL OF YOUR

DEBTOR BOOK

FINANCE INDIVIDUAL INVOICES

Spot factoring gives your business the power to:

KEEP CONTROL OF YOUR

DEBTOR BOOK

AVOID LENGTHY

CONTRACTS

FINANCE INDIVIDUAL INVOICES

It’s expensive4MYTH

Value is often more important than cost

Whilst factoring will most likely cost more than a loan or an overdraft it can have better benefits.

With invoice factoring you can get more than just funding

CREDIT CONTROL EXPERTISE

With invoice factoring you can get more than just funding

FLEXIBILITYCREDIT CONTROL EXPERTISE

With invoice factoring you can get more than just funding

FLEXIBILITY BAD DEBT PROTECTION

CREDIT CONTROL EXPERTISE

With invoice factoring you can get more than just funding

It’s confusing5MYTH

Invoice factoring can seem complex

Invoice factoring can seem complex

BUT IT DOESN’T HAVE TO BE

As a specialist invoice factoring broker Hilton-Baird Financial Solutions could help you find the best

facility for your needs

We will:

GET TO KNOW YOUR BUSINESS,

GOALS AND NEEDS

We will:

FIND A FACILITY TAILORED TO

YOUR SPECIFIC REQUIREMENTS

GET TO KNOW YOUR BUSINESS,

GOALS AND NEEDS

We will:

FIND A FACILITY TAILORED TO

YOUR SPECIFIC REQUIREMENTS

CONTINUE TO SUPPORT YOUR BUSINESS AS IT

EVOLVES

GET TO KNOW YOUR BUSINESS,

GOALS AND NEEDS

We will:

Click here to request a call back

FIND A FACILITY TAILORED TO

YOUR SPECIFIC REQUIREMENTS

CONTINUE TO SUPPORT YOUR BUSINESS AS IT

EVOLVES

GET TO KNOW YOUR BUSINESS,

GOALS AND NEEDS

www.hiltonbairdfinancial.co.uk

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