Aldermore delivers over £200m of new invoice finance facilities to UK SMEs

POSTED: 16th October 2018
IN: Newsroom

Aldermore, the specialist bank, has agreed over £200m of new invoice finance facilities to UK companies over the last 12 months.

As one of the fastest growing providers in the market, this milestone was achieved through Aldermore’s commitment to simplifying its customer journey. To support this, the Bank has hired a dedicated and experienced team of senior business development and relationship managers.

The new team has focused on building strong and long lasting relationships, which are enabling the Bank to provide funding into the private equity, acquisitions, back-to-back funding, asset based lending and specialist finance spaces, resonating with the advisory community.

In 2017 Aldermore supported businesses that required increasingly larger and more complex funding solutions ranging from £50k to £13m.

Aldermore’s Future Attitudes study1 found that over a third (35%) of SMEs now say that their business is financed through alternative forms of finance. Despite this, not all businesses can access the funding they need, with over a fifth (23%) missing out on at least one new opportunity in the last year.

Chris Meldrum, National Business Development Director at Aldermore, said: “Reaching this milestone is testament to the work we are doing in providing alternative finance options to businesses across the UK. Getting the right people in place and building trust amongst our customers and intermediaries has enabled us to also offer increased funding to larger businesses.

“Through our expertise and the quality and consistency of service we can provide, we are making real headway in our core markets. We have a reputation for innovative and bespoke funding solutions. It is important that we continue to innovate and ensure that firms of all sizes across the UK are able to access vital funding.”


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Notes to Editors:

1 Research conducted by Opinium Research between 20 and 26 February 2018 with a nationally representative sample size of 1,004 senior decision makers in UK SMEs.

 For further information about Aldermore, please review our Notes to Editors page.

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