Aldermore Invoice Finance

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How invoice financing works

The order
Create an invoice for your customer, showing how much is owed to your business and when payment is due.
Cash advance
Send a copy of the invoice to a lender to release up to 100% of its value as a cash sum.
When it is due, the lender receives the payment from the customer. The lender then sends your business any remaining amount on the invoice that wasn't originally financed, after deducting the prearranged fees.

This comparison service is provided by Touch Financial. Touch Financial is a finance broker, not a lender. Not all products offered by Touch Financial are regulated by the Financial Conduct Authority. They compare invoice financing services from a range of different lenders, aiming to find the one that best suits the needs of their business customers. Touch Financial consultants look at the profile of each business, including cash flow, accountancy needs, and any other specific requirements, to match them with the most appropriate invoice finance provider and product. Touch Financial is authorised and regulated by the Financial Conduct Authority (FRN:727220).

Last updated on 12 May 2022.

Aldermore Invoice Finance FAQs

Who is Aldermore?

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.

What is invoice financing?

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.

Why use Aldermore invoice financing?

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.

Can small businesses access invoice financing?

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.

How do I compare Aldermore invoice financing products?

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.

Is invoice financing easier to acquire than a business loan?

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.

What is factoring?

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.

What is asset-based lending?

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.

Is invoice financing going to affect my customer relations?

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.

How long does it take to set up an invoice finance facility?

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.

Services offered by this provider may change over time. Always check Ts&Cs.

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