• We’ll advance an agreed percentage of your outstanding invoices, typically up to 90% of the value.
• When you send us your invoice (usually electronically), we’ll release the funds.
• You then chase the customer payment as normal, and funds are paid directly to Aldermore.
• When your customers have made payment, we’ll release the remaining funds, minus our agreed invoice discounting fee.
• We’ll then recalculate the funds available to you after every new transaction, so you always know where you are.

We can help businesses discount invoices across a wide range of sectors, including:

• Business services providers.
• Distributors.
• Employment and recruitment agencies.
• Engineering companies.
• Haulage and transport firms.
• Importers.
• Printers.
• Manufacturers.
• Wholesalers.

You should consider invoice discount finance if your business:

• Sells products or services on credit to other businesses, generating invoices for payment.
• Has an annual turnover typically above £750,000.
• Has an established credit control department

If you don’t have a credit control function in-house, then you may find that invoice finance factoring is a better fit for your business.

Ask for our Factoring Factsheet, speak to your Aldermore contact, or visit the dedicated page to find out more about our invoice factoring services.

We’ll work with you to design a funding package that perfectly suits your business, agreeing all invoice discounting 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.

Upon receiving your full invoice, we will convert up to 90% of this into ready capital that will be available within 24 hours of submission.

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.

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.

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.