Covid has really given businesses a heightened appreciation for access to working capital, and Invoice Finance can be the perfect growth avenue for businesses in need of cashflow. With our innovative digital systems, the process couldn’t be simpler, saving hours on manual inputting and monthly reconciliations
“While we see many businesses pressing pause on making any big business decisions as uncertainty still remains in the marketplace. We also see that the utilization of our facilities and those of other ABL providers in the market has decreased, in part due to turnover decreasing, but also due to government supports such as the warehousing of revenue liabilities and the wage subsidy scheme.
As as we come out of the Covid experience, and as the economy returns to more normal trading conditions, businesses will need cash, and this is where we will see the demand for asset based lending products. The crisis has really given businesses a heightened appreciation for access to working capital, and we see asset based lending as a perfect growth avenue for businesses in need of cashflow.” John Mackey, Head of Asset Based Lending