Cash flow management can be a challenge for SMEs. Aldermore’s Factoring and Invoice Discounting solutions can help get your cash moving.
Factoring is a great way of introducing cash into your business while relieving the pressure of chasing customers for payment. We’ll buy your invoices from you, giving you a high percentage of their worth almost straight away. We’ll also take charge of your sales ledger and conduct credit checks ourselves. Once your customer makes payment, we’ll release the rest of the invoice value to you, minus our fee.
If you’d rather continue to manage your finances yourself, then you may prefer Invoice Discounting. You’ll continue to work directly with your customers, conducting credit checks and collecting money from them. We’ll take control of the most important part – funding. The value of the unpaid invoices will quickly be sent your way, allowing you to go forward with any plans you have in place.
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