Invoice finance and asset-based lending in the UK stood at £22.2 billion at the end of 2017, up five per cent on the funds advanced at the end of 2016, figures published by UK Finance reveal.
Invoice finance and asset-based lending to small businesses increased by 19 per cent in December 2017 compared to the previous year, with advances worth a total of £833 million.
Annual sales of clients supported by invoice finance and asset-based lending stood at a record £311 billion in 2017, up four per cent on 2016.
Annual sales from clients through export invoice discounting facilities stood at £27 billion in 2017, up 21 per cent on 2016.
Read more at: https://www.globalbankingandfinance.com/invoice-finance-and-asset-based-lending-rises-5-per-cent-to-23-4bn-at-end-of-2017/