Busting five myths of invoice financing

Invoice financing

Amidst the array of challenges that SMEs in the UK face, such as securing investment, outpacing competitors and growing a customer base, the biggest obstacle to growth for 54 per cent of UK SMEs is a shortage of cash.

Spot factoring: Another alternative to bank lending

As small businesses look for new ways to raise money from investment other than through bank loans, invoice financing has been growing rapidly. Advocates include Lord Digby Jones, former president of the CBI and a trade minister under the last government.

What you need to know about invoice factoring

We spoke to Mike Cherry, the Federation of Small Business’ national policy chairman, about invoice factoring and discounting and what SMEs needs to keep in mind if they’re considering these funding methods.