Factoring

Flexible funding that's tailored to deliver your goals

Let’s get started

Let’s get started

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Factoring gives you fast access to up to 90% of 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 compared to a bank overdraft or loan it can typically release more funding, with the added benefit that the facility grows with your sales, reducing the need for those regular and time consuming re-negotiations.

Whatever your ambitions, we can help turn them into reality. From expansion plans to new acquisitions, relieving cash flow pressures to reducing finance costs, we'll tailor our service around your particular requirements, so you get the funding that's right for you.

At a glance

  • 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
  • Built for you - individually designed packages with all costs agreed with you up front
  • Free up your resources - 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
  • Convenience - you’ll have online access to manage your facility, upload invoices, and review and check funding availability at any time
  • Personal service - a dedicated Relationship Manager will be on hand to provide ongoing business support
  • Peace of mind - optional Bad Debt Protection is available to manage your exposure to potential customer losses

Bad Debt Protection

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.

Helping businesses like yours

Founded in 2009, Aldermore is a modern, legacy-free bank which challenges the established view of what banking should be. We deliver award-winning finance solutions to Britain’s small and medium-sized enterprises (SMEs), homeowners.

Find out how Aldermore supported Insulated Tools Ltd with a flexible Invoice Finance facility.

 

  • 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.
  • We will then chase the customer for payment on your behalf, with the funds being paid directly to Aldermore.
  • When your customers have made payment, we’ll release the remaining funds, minus our 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 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 Factoring if your business:

  • Sells products or services on credit to other businesses, generating invoices for payment
  • Has an annual turnover typically above £250,000  
  • Would like support to manage your credit control activities


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. Ask for our Invoice Discouting Factsheet or speak to your Aldermore contact to find out more.

We’ll work with you to design a funding package that perfectly suits your business, agreeing all costs 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. Arrangement fee will also normally apply.

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  • Business
  • Invoice Finance
  • SME
  • Factoring