Interesting announcement on factoring from FPB

It was recently announced that The Forum of Private Business (FPB) had concluded an agreement to introduce their members to Cattles Invoice Finance as they claim to have negotiated special discounted rates with them.

One of the claims being made is that “the discounts we have negotiated with Cattles will save our members an average of £3,000 in the first year.” It would be interesting to know on what basis this claim has been made as the figure seems quite fanciful to ourselves.

Any member of the FPB who is interested in obtaining a quote for factoring or invoice discounting could well be advised to take them up on their offer and then contact ourselves to see if we can obtain a cheaper rate as we deal with all of the major factoring companies and aren’t just tied to one.

What do you think?