5 biggest invoice factoring myths dispelled
TRANSCRIPT
![Page 2: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/2.jpg)
Asset based finance now supports 15% of all UK
company turnoverAccording to ABFA
![Page 3: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/3.jpg)
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
![Page 4: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/4.jpg)
So, here we dispel 5 of those myths and show how factoring could be a viable funding option
for your business
![Page 5: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/5.jpg)
It’s a sign of trouble1MYTH
![Page 6: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/6.jpg)
Historically, factoring was commonly associated with struggling firms or
those in financial distress
![Page 7: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/7.jpg)
BUT THE STIGMA
Historically, factoring was commonly associated with struggling firms or
those in financial distress
HAS GONE
![Page 8: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/8.jpg)
*According to ABFA
NOW more than17,000 businesses* use
invoice factoring to:
![Page 9: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/9.jpg)
*According to ABFA
NOW more than17,000 businesses* use
invoice factoring to:
BOOSTWORKINGCAPITAL
![Page 10: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/10.jpg)
*According to ABFA
NOW more than17,000 businesses* use
invoice factoring to:
GROW THEIR
COMPANY
BOOSTWORKINGCAPITAL
![Page 11: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/11.jpg)
*According to ABFA
NOW more than17,000 businesses* use
invoice factoring to:
GROW THEIR
COMPANY
REPLACE BUSINESS
OVERDRAFTS
BOOSTWORKINGCAPITAL
![Page 12: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/12.jpg)
*According to ABFA
NOW more than17,000 businesses* use
invoice factoring to:
GROW THEIR
COMPANY
REPLACE BUSINESS
OVERDRAFTS
NEGOTIATE SUPPLIER DISCOUNTS
BOOSTWORKINGCAPITAL
![Page 13: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/13.jpg)
Customers don’t like it2MYTH
![Page 14: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/14.jpg)
In reality, most companies have no issue with
suppliers using factoring
![Page 15: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/15.jpg)
In reality, most companies have no issue with
suppliers using factoringThose that do often have the
worst payment practices
![Page 16: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/16.jpg)
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
![Page 17: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/17.jpg)
It locks you in3MYTH
![Page 18: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/18.jpg)
Flexible options are available so you can use
the facility as needed
![Page 19: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/19.jpg)
Spot factoring gives your business the power to:
![Page 20: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/20.jpg)
Spot factoring gives your business the power to:
FINANCE INDIVIDUAL INVOICES
![Page 21: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/21.jpg)
Spot factoring gives your business the power to:
KEEP CONTROL OF YOUR
DEBTOR BOOK
FINANCE INDIVIDUAL INVOICES
![Page 22: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/22.jpg)
Spot factoring gives your business the power to:
KEEP CONTROL OF YOUR
DEBTOR BOOK
AVOID LENGTHY
CONTRACTS
FINANCE INDIVIDUAL INVOICES
![Page 23: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/23.jpg)
It’s expensive4MYTH
![Page 24: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/24.jpg)
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.
![Page 25: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/25.jpg)
With invoice factoring you can get more than just funding
![Page 26: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/26.jpg)
CREDIT CONTROL EXPERTISE
With invoice factoring you can get more than just funding
![Page 27: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/27.jpg)
FLEXIBILITYCREDIT CONTROL EXPERTISE
With invoice factoring you can get more than just funding
![Page 28: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/28.jpg)
FLEXIBILITY BAD DEBT PROTECTION
CREDIT CONTROL EXPERTISE
With invoice factoring you can get more than just funding
![Page 29: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/29.jpg)
It’s confusing5MYTH
![Page 30: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/30.jpg)
Invoice factoring can seem complex
![Page 31: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/31.jpg)
Invoice factoring can seem complex
BUT IT DOESN’T HAVE TO BE
![Page 32: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/32.jpg)
As a specialist invoice factoring broker Hilton-Baird Financial Solutions could help you find the best
facility for your needs
![Page 33: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/33.jpg)
We will:
![Page 34: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/34.jpg)
GET TO KNOW YOUR BUSINESS,
GOALS AND NEEDS
We will:
![Page 35: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/35.jpg)
FIND A FACILITY TAILORED TO
YOUR SPECIFIC REQUIREMENTS
GET TO KNOW YOUR BUSINESS,
GOALS AND NEEDS
We will:
![Page 36: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/36.jpg)
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:
![Page 37: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/37.jpg)
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
![Page 38: 5 biggest invoice factoring myths dispelled](https://reader035.vdocuments.site/reader035/viewer/2022062302/5879448d1a28ab23468b6ee3/html5/thumbnails/38.jpg)
www.hiltonbairdfinancial.co.uk
For more business news, tips and guides please visit