Let Factoring free up your cash flow and your management time
How can Factoring help me grow my business?
Factoring is a flexible form of finance that is helping more and more business owners achieve their ambitions. This flexible solution treats unpaid invoices as an asset with an immediate realisable cash value. As such, it closes the time lag between making your sale and receiving payment.
Factoring, arranged with our chosen funding partner Aldermore Bank, speeds up the rate at which cash flows into your business. This dynamic form of funding provides an immediate injection of up to 90% of the value of your sales invoices and delivers a constant stream of ongoing finance to fund your business growth.
In addition, Factoring frees up valuable management and administrative time, removing the substantial costs and resources associated with running your sales ledger and credit management functions. This allows you the freedom to focus on core, income generative business activities, rather than spending your time bogged down in administration.
By unlocking the cash tied up in your sales ledger you can take advantage of strategic opportunities such as acquisitions, funding future growth, securing prompt payment discounts, investment in stock or new product development. Aldermore will even credit check your potential customers for you, increasing the certainty of trading with customers that pay on time.
How easy is it to set up a Factoring service through Simply Business?
If your business provides credit facilities, you could potentially unlock cash from your invoices right now. Types of businesses that use Factoring include: recruitment agencies, construction firms, media agencies, printing companies, wholesalers, hauliers, manufacturers and many more.
Arranging a Factoring facility through Simply Business is simple and highly convenient:
1. Complete our quote request form today to receive a call back from one of our experienced consultants to discuss your requirements.
2. You will then be referred to an Aldermore Factoring specialist who will either provide you with an immediate email quotation or arrange an exploratory meeting.
3. If you are happy with the quotation, a member of the Aldermore team will be pleased to take you through the details of your Factoring facility, which will enable your business to thrive.