IT and Technology

It's not easy to secure payment when you're working on several industry contracts with unconventional terms. It's a particular challenge for the IT sector, so how can you overcome it and maintain a healthy cash flow?

The continuous development of technology and need for computers in both home and working environments means that there is a constant demand for IT solutions and support from those in-the-know.

With Aldermore you can spend less time focusing on finance, and more on growing your business. We will take the time to understand your business and tailor a cost-effective funding package. Take a look at our Business solutions today.

Featured products for the IT industry

Easy Access Business Saving Account

1.00% AER*

Unsure about locking your money away? With our Easy Access Account, you get a great interest rate and total flexibility. Withdraw cash or add to your savings whenever you like. Let's get your cash working.

Cash for your invoices

Our Factoring and Invoice Discounting services can help you to get access to the funds you're owed fast and simply. Spend more time chasing new business and our credit control solutions will help you to spend less time chasing payment.

If you’d like to free up time as well as money, Factoring can help. We’ll buy your unpaid invoices from you and will give you up to 90 per cent of the value upfront. We’ll take charge of the credit control function too and once we’ve collected payment from your customers, the remainder of the money will be released to you.

If you’d like to manage your finances yourself, Invoice Discounting may be better suited to you. We’ll still buy your invoices from you but we won’t manage your credit control or ledger.

Equipment funding

Asset based lending is another source of finance that can benefit those within the IT industry. Asset Finance can help you purchase equipment while protecting your cash flow. And we'll recommend the most tax-efficient way to do it. We’ll give you funding against the cost of your expensive assets, so whether you need extra cash to fund an investment, development or expansion, you can receive the cash you need. 

Simplified Business Savings

We've a choice of savings accounts giving you the financial flexibility your business needs. Set up an account online and grow your business savings with great interest rates - help us give UK businesses and homeowners a boost while you do it. You don't even need to switch your main business bank account to us to benefit. Read what our customers said about their Aldermore Business Savings account here.