There are many factors which you should take into consideration when choosing an invoice financing company. probably the most important two are the geographical location of the finance company and does that company have experience in your particular industry.
XL Business Finance advises many clients as to the best choice of finance company and we are continually amazed that the lengths some funders go to to try and win business hundreds and hundreds of miles from their head office. We believe that there is a good finance company no more than one hours drive from any location within most major cities in the UK. What is the point of choosing a finance company whose head office is based in London if you operate out of Manchester or Liverpool. Surely if you have any issues you want to jump in a car and be having a face to face chat to someone within the hour.
Secondly it is important that your particular finance company has the expertise in your particular industry or sector. You will tend to find areas of specialism in recruitment, haulage, printing, engineering, construction and export factoring and trade finance. It is worth asking for a few references.
