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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