The X factor?

Magazine Article, Source : The Manufacturer
Zone : Leadership and strategy
Published : August 2007
Get involved: The Manufacturer of the Year Awards 2009

Factoring and invoice discounting are increasingly favoured by SMEs, reports Colin Chinery. But, as with a good suit, look for a good tailor and make sure your product is bespoked

Once tainted by stigma – slated as expensive and the last loan saloon – factoring is eclipsing the traditional bank overdraft as a funding facility for SMEs. Funds borrowed last year increased 22 per cent to £13.65 billion according to the Factors...

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12 November 2009, London
We know the economic environment is tough but we also know UK manufacturing is strong and resilient - if there were ever a year when the successes of UK Manufacturing need to be recognised then surely 2009 is it!
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