Aldermore Invoice Finance

Aldermore is an alternative banking firm that launched in 2009. Now part of the South African financial services institution FirstRand Group, Aldermore provides various finance products to British consumers as well as a range of business solutions to UK SMEs.

Invoice finance is a means for businesses to convert unpaid invoices into liquidity which can be used as fully-functioning working capital. Businesses often request invoice finance from Aldermore or other lenders, to finance impending growth phases for their businesses.

Invoice financing from companies like Aldermore offers a flexible way of boosting cash flow when your business needs it. Whether you’re concerned about how to finance growth, or you’re looking for a cash flow management solution, invoice financing can be a quick way of unlocking capital.

It is possible for small businesses to access invoice financing from Aldermore or a variety of other lenders. One of the big issues that might limit them in doing so is the lower level of turnover they might have, as opposed to what you’d expect to see from a larger or more established business. This matters, because invoice financing is secured against the value of your company’s own invoices.

If you’re a business considering taking out invoice financing, it pays to compare the different lenders out there. Touch Financial allows you to contact a trained consultant. This consultant will take your requirements into consideration and compare invoice financing from Aldermore and other providers in order to find you the lender who suits your business best.

If time is a major consideration when seeking a cash injection, Aldermore invoice financing can be much quicker than some business loans. This is because it depends on sale of invoices, rather than going through a lengthy loan application process. However, every scenario is different, so compare your options and do your research before you commit to a finance product.

Factoring is a form of invoice financing that Aldermore provides. Factoring allows you to convert almost the entire value of your unpaid invoices into a sum of money within a short period of time. It is often used by businesses with customers who might be slow at paying invoices.

Asset based lending is another form of invoice financing that Aldermore and other lenders can offer. Another way of freeing up cash flow quickly, you simply request funding against the value of multiple assets you hold, including stock, machinery or property.

Invoice finance providers such as Aldermore can offer discreet invoice financing services in the form of invoice discounting, so you can ensure customers remain unaware of you leveraging invoices. This ensures that business can continue as usual, without any impact on your relations with valued customers.

This can depend entirely on the business and its requirements. In some cases, it might only take a few days, but in some cases, it could take a few weeks.