Factoring, Invoice Factoring and Business Factoring

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.

Kick start your cash flow

Practical, flexible invoice finance solutions designed to meet your needs. Nothing should stand in the way of getting you back up and running.
- No contract tie in for the first six months
- No set-up fee
- Fast and simple onboarding with Adobe Sign

Your business. Your funds. Your Future.

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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.

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, 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.

Kick start your cash flow terms and conditions

[We] Aldermore [Bank PLC] are offering new clients a no minimum contract period for the first six months, of which is subject to 28 days’ notice of termination of their facility. In addition there will be no arrangement fee to be paid.
This promotion is available on a discretionary basis by us to new clients subject to our normal checks and formal credit approval to enter into a qualifying invoice finance agreement which is subject to the terms of this promotion. Following the initial six months, the contract notice of termination period will revert to three months or other period as we may agree.
This offer applies to an invoice discounting or factoring facility, with a facility size of between £100,000 and £1,000,000.
This offer has been extended until 30 June 2021.
This offer excludes asset based lending, construction, contract or a trade finance facility.
The promotion is subject to the applicable terms and conditions of the invoice finance agreement (of which the general conditions can be found here - Aldermore invoice finance general conditions.)
Any dispute relating to this promotion shall be governed by and construed in accordance with English law, and subject to the exclusive jurisdiction of the courts of England.

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Invoice Finance

At Aldermore, we provide practical, flexible finance solutions designed to meet...

Invoice Finance - FAQs

Customer Stories

Helping businesses like yours.

Can We Help With Anything Else? Call Us: 0161 238 5015

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.

Published:11/02/21