Credit control, sorted – with Factoring

Factoring finance gives you fast access to the funds your customers owe you - with the added benefit of a full credit control service.

You get the funds you need, without the headache of chasing payments. And because we'll tailor our service around your particular requirements, you get the funding that's right for your business.

 

Debt factoring explained

We'll advance up to 90% of the value of approved invoices - and advance against new invoices by the next working day. You get more funds than you would from a traditional overdraft, with no delays.

 

Full credit control

No more chasing payments. Our experienced credit control team will take care of every aspect of your debt collection, leaving you free to focus on running your business.

Quick guide to Factoring

Key highlights:

  • Access up to 90% of the value of approved invoices
  • View sales ledger status and electronic payment requests online
  • More available funding than traditional overdrafts
  • Less admin - we'll run credit checks, issue statements and provide collection services
  • Debt recovery litigation services
  • Credit protection if you need it

 

Typical businesses we help include:

  • Distributors
  • Printers
  • Business services providers
  • Manufacturers and wholesalers
  • Transport firms
  • Employment agencies
  • Engineering

 

Is factoring right for you?

Invoice factoring isn't the best option for every business. Consider it if your business:

  • Forecasts credit sales of at least £100,000 a year
  • Has a spread of debtors, including some overseas customers
  • Sells goods or services on normal credit terms, with no stage payments.

 

To find out how factoring could work for your business, talk to us on 0333 321 4000.


Get in touch

Call us on

0333 321 4000

Contact us today to find out how we can help your business succeed

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Factoring 4.8 5 4 4
Perfect for the current business requirements The business is young and growing and the factoring facility along with the helpful staff both in terms of service and advice has meant the business has been able to cope with finance issues. It has been a useful fiancial Partnership which should continue through 2013 14 December 2012
Tremendous facility for my company to have at present. Since the relationship began the Aldermore staff have always went out of their way to help me understand the facility. On hand when required Justin Forbes in particular has helped me grow my business. The relationship can only develop as look into benefits like fuel cards, asset finance etc, I would have no hesitation in recommending Aldermore to other businesses. 11 December 2012
Suited all our factoring requirements Aldermore has a competitive rate of charges the staff are very friendly and professional and the level of service has been excellent. 10 December 2012
An exceptional service. The quality of the service that is provided is of an exceptional standard. The knowledge of the staff is excellent - they are friendly and always there to advise. 07 December 2012
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Answer: 
Generally, a business would need:

- A forecast of credit sales of at least £100,000 a year

- To sell goods or services on normal credit terms, with no staged payments

- A good spread of debtors (customers), including some overseas customers

Every provider has its own policies as every case is different. Before deciding on the correct funding alternative for your business, consider all of your options and seek expert advice.
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