Last night, 8 June 2021, in cooperation with our partner Svea Finans we organised a webinar on a form of non-bank financing, namely factoring. During the webinar we discussed trends and developments in the financing sector and the services Svea Finans provides.
Did you know, for example, that 50% of entrepreneurs expect to run into liquidity problems because of the coronavirus crisis? Only 4% of entrepreneurs expect to be able to turn to the banks for this. However, it is very difficult to obtain a loan from the banks. Many entrepreneurs do not know where to turn and get into difficulties. The problems may now be caused by taxes that will eventually have to be paid. Many entrepreneurs also do not know where to go with their financing question.
Recently, non-bank financiers have emerged that do help entrepreneurs with liquidity problems. These non-bank financiers help entrepreneurs outside the banks. Since 2021 there has been a rise of non-bank financing in the Netherlands, and it is expected to play an ever larger role in the world of financing. Some of the reasons why entrepreneurs increasingly turn to non-bank financiers are that banks often apply a long procedure, which moreover gives no guarantees as to whether the financing will ultimately be obtained.
Factoring
Svea Finans is a non-bank financier that last year financed €2 billion for SME and self-employed (ZZP) entrepreneurs. They help entrepreneurs speed up liquidity. Given that the average payment term in the Netherlands is 55 days, Svea Finans can use factoring to make sure you are paid within 24 hours. In addition, they take over the administration and the risk. Once you have submitted an invoice, you no longer need to worry about it. You receive your money within 24 hours and Svea Finans takes care of the rest.
Click here for more information about the partnership between HOGIAF and Svea Finans
If you have any questions and/or would like to get in touch with Svea Finans, let us know via info@hogiaf.nl or 088-166 0600
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The largest cross-cultural and multisectoral business association in the Netherlands.
