Tandem Invoice Finance has witnessed a two-fold increase during the last 12-months, in the take-up of its Selective Invoice Finance products from businesses with a turnover up to £1,500,000, illustrating the appetite that SMEs have towards accessing flexible finance options. This mirrors recent reports from the Asset Based Finance Association (ABFA) confirming that in 2012, just under 43,000 firms used asset-based finance to support their organisations’ financial requirements, of which 83% are classed as SMEs wishing to unlock the value of their invoices.
Invoice finance products such as Tandem’s Selective Invoice Finance offer higher levels of finance with lower overall risk. The flexibility to finance one-off invoices on an ‘as needed’ basis is an advantage and helps SMEs better manage cash flow without surrendering whole debtor books and removing the requirement to ‘credit manage’ clients.
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