Factoring - Bank pressure and lost clients

Posted on 18th Jun 2009 by Alan in Invoice Factoring | Comments Off

I attend at least 2 networking events a week and in the general conversations with business owners I have found a disturbing number of businesses experiencing a very uncompromising attitude with their bank managers when it comes to the annual account and overdraft review.

These funding reviews often have managers implying or even threatening to withdraw the overdraft and pushing the business to factor their debts.

But why? Read the rest of this entry »