expects volumes in Welcome Finance to be down by some 75 per cent on 2008, which itself saw a reduction from 2007.
Catties Invoice Finance, which is believed to be up for sale, has offices in Liverpool and Manchester and offers short-term loans to businesses across the region.
The Catties group, which operates the consumer lending business, Welcome Finance, is currently is talks with its lenders about refinancing facilities which are due for repayment in July
While there has been a significant rise in loan defaults in the US sub prime mortgage market, Catties said it had maintained its focus on providing relatively small loan advances to carefully selected customers.
Chief executive Sean Mahon, said that even if interest rates rise, it wouldn't be a huge worry for Catties, because of the smaller amount the group tends to lend to customers - typically around pounds 4,000.
maintained its arrears levels have flattened at 7.4% for the six months to June 30 and were "slightly below" its long-term target of 8% to 10%.
So she has tapped into an invoice facility put in place by Manchester-based Catties
Invoice Finance to free up cash flow in her business.