ABFA News

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Finance available through 'asset based lending' jumps to GBP4.3 billion - helping UK businesses combat shortage of funding

13 December 2016
The amount of finance available through ‘asset based lending’ to UK businesses reached a record high of £4.3 billion, up 22% in the last year*. The ABFA explains that asset based lending allows businesses to borrow against a range of assets they already own, including inventory, property, machinery and intellectual property.
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SME food manufactures forced to wait nearly 8 weeks for payment

25 November 2016
SME food manufacturers now face waits of 55 days (or nearly 8 weeks) for their invoices to be paid, two-thirds longer than the 33 days (or nearly 5 weeks) their larger competitors wait.
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The Business Show - Olympia London

3 November 2016
Were Exhibiting at The Business Show at Olympia 17-18 November along with Member's RBS Invoice Finance, Working Capital Partners and Skipton Business Finance. Last few tickets still available.
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He wrote the book on factoring - Sad news about Freddie Salinger

2 November 2016
It is with great sadness that we learn of the death of one of our Industry’s foremost pioneers and statesmen of whom it could literally be said "wrote the book on factoring”.
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UK leads Europe in use of asset based finance

1 November 2016
The UK represents 26% of the European market as total value of funding reaches an all-time high. Asset based finance on the rise as banks withdraw from lending to SMEs
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SME manufacturing companies forced to hold onto nearly GBP5bn in unsold stock

31 October 2016
The value of the unsold stock held by SME manufacturing companies has risen to £4.94 billion, putting cash flow under greater strain.
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Factors Chain International adopts new name, logo, vision and mission

28 October 2016
Factors Chain International adopts new name, logo, vision and mission at the Annual Meeting of Factors Chain International.
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EU Federation for Factoring and Commercial Finance publishes its Yearbook

12 October 2016
The EU Federation for the Factoring and Commercial Finance Industry (EUF) is delighted to announce that it has published its first annual Yearbook.
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