Thursday, 3 April 2014

Early payments platform launches

A new early payments platform has been launched backed by the Department of Business Innovation & Skills and international insurer RSA.

A recent survey of 350 small UK businesses found three in four wanted early payment of invoices, and would take a small discount to get it. But half of them would never ask their customers.

The survey also found:

75 per cent expect to grow by more than 5 per cent in the coming year

66 per cent don't think their bank would support a loan application

82 per cent have suffered extended payment in the past three years

49 per cent said they wouldn't need to borrow if their largest customer paid early

URICA has now been launched in a bid to get businesses to pay earlier.

Read More >>>>>

Ardean ¦ Funding

No comments:

Post a comment