Intriguing new business funding statistics highlight the confidence that business owners have in accounts receivable factoring in the UK.
A new study shows that invoice factoring is growing by leaps and bounds:
- Accounts receivable financing grew by 460 % between 1995 and 2005,
- Total funds advanced to accounts receivable factoring clients increased by nine billion pounds (17.5 billion US dollars)– or a growth rate of 422 % – and
- The number of companies using accounts receivable financing skyrocketed from 13,000 to 43,000.
Wow!
MP Star Financial predicts that the accounts receivable factoring industry will continue to grow as increasing numbers of business owners recognize the flexibility of this business financial help.
To quote the FDA study, “ Businesses are no longer restrained by the inflexibility of traditional funding means. They can utilize the working capital tied up in unpaid invoices to finance their growth, whilst also taking advantage of the credit protection offered by invoice financiers as a way to safeguard future profits.”
Choose MP Star Financial whenever you need business financial help here in the USA.
Join the long of list of successful businesses that use invoice factoring. Here’s just a sampling of our invoice factoring success stories. Consider applying online for business funding today.