Factoring, Invoice Factoring and Business Factoring

Factoring

Factoring can help your business grow by giving you fast access to the working capital locked up in your unpaid invoices, with the added benefit of a credit control service to free up your valuable resources.

4.6/5 (30 reviews)

Proud winners of the ‘Invoice Finance Provider of the Year’ at the Credit Today Awards 2015 and the ‘Factor and Invoice Discounter of the Year’ at the 2014 NACFB awards.

Flexible funding that’s tailored to deliver your goals.

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

> Download our factsheet

How does it work?
Who can we help?
Is it for me?
How much will it cost?

We’ll advance an agreed percentage of your outstanding invoices, 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 will work with you to design a funding package that’s designed around your business, with competitive and transparent charges agreed with you up front. All costs will be outlined in your facility offer letter, together with a Client Guide that will detail any additional fees that would apply for services you may need or use. An arrangement fee will also normally apply.