Release funding into your business
Convert up to 90% of your unpaid invoices into ready capital, available within 24 hours of sending us each invoice.
Convert up to 90% of your unpaid invoices into ready capital, available within 24 hours of sending us each invoice.
With a dedicated Relationship Manager on hand, you'll receive a bespoke package and ongoing business support.
Our experienced credit control team will take care of every aspect of your debt collection, leaving you free to focus on what you do best. running your business.
Many businesses navigating business finance often wonder what is invoice finance factoring. It is when a business sells its unpaid invoices to another company, called an invoice factoring companies, in exchange for a cash advance. This helps the business get money faster instead of waiting for customers to pay.
At Aldermore, we provide up to 90% of the invoice value quickly and take care of collecting payments from customers. This process improves cash flow, reduces the need to chase payments, and usually provides funds within 24 hours after the invoice is submitted.
Factoring offers fast access to working capital for a wide range of businesses with the support of our expert and effective credit control capability.
Whatever your individual requirements are, we’ll work with you to understand your business needs and design a funding facility to meet them.
At a glance, Aldermore invoice factoring services, include:
With business invoice factoring, you get the finance you need, without the headache of chasing payments. Compared to a bank overdraft or loan, it can typically release more funding, with the added benefit that the facility grows with your sales.
We can help businesses factor invoices across a wide range of sectors, including:
You should consider invoice finance factoring if your business:
If you already have a well-established credit control function in-house, then you may find that invoice discounting is a better fit for your business.
Speak to your Aldermore contact to find out more or visit the dedicated page to learn about the advantages of invoice discounting.
We’ll work with you to design a funding package that perfectly suits your business, agreeing all invoice factoring charges upfront.
Our charges are competitive and totally transparent, and will be outlined in your facility offer letter. You’ll also receive a Client Guide, which will detail any additional fees that would apply for services you may need or use. An arrangement fee will also normally apply.
Factoring or invoice discounting?
Invoice factoring meaning:
Factoring invoices means you get cash upfront by selling your unpaid invoices and the finance company takes care of chasing your customers for payment. It is like having a trusted partner handling the admin so you can focus on growing your business.
Invoice discounting meaning:
Invoice discounting lets you borrow against your unpaid invoices but you keep control of chasing your customers yourself. It is a behind the scenes way to boost your cash flow without anyone else stepping in.
Both, factoring and invoice discounting give you faster access to cash it is about choosing whether you want a helping hand with collections or prefer to keep things in house.
At Aldermore, we understand that it's sometimes difficult to assess the risk of customers not being able to pay. The decision you make could lead you to turn away sales or even end up with a bad debt. Our Bad Debt Protection (BDP) service gives you the confidence of knowing you will receive payment for all your hard earned sales.
Prolog Fulfilment operate in the global supply chain, taking in goods on behalf of their customers to then warehouse, pack and deliver, sending out approximately 30 million items a year. It’s a growing sector as more of us continue to shop online, and it’s expected to continue on an upward trend.
Find out how Aldermore supported Prolog Fulfilment with a flexible Invoice Finance facility.
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Subject to status. Security may be required. Any property or asset used as security may be at risk if you do not repay any debt secured on it.