IGF unveils financial glossary for SMEs
IGF Invoice Finance has published a glossary of terms designed to cut through the jargon of the invoice finance industry. The glossary is a practical guide for small and medium sized business owners to help them make sense of the industry specific and widely varied terminology used by commercial finance providers.
IGF, an independent commercial finance company, is working with a range of SMEs across various industries, from manufacturing to construction to printing, to help them achieve reliable long term cashflow solutions based on agreements that all parties understand. The glossary has been developed from IGF’s years of experience as an antidote to the, sometimes jargon heavy, corporate financing sector.
Tracy Ewen, managing director at IGF, said: “Even within the invoice finance industry, the terminology can vary widely from each provider for what is essentially the same product or service. For finance to drive growth within SMEs, it needs to be based on an open dialogue between the business and the financial provider and a clear understanding of the agreement reached. When it comes to financing a business, eliminating ambiguity is a must, and in this case, it’s not difficult to achieve.”
To obtain a free copy of the glossary, please email: callmeback@igfgroup.com
