UK Invoice Factoring: stop late payments

UK Invoice Factoring: stop late payments

  • Up to 90% of invoice value
  • Get paid within 24hrs
  • Same day set-up service
  • Guidance from experts

Quotes provided by:

Aldermore Bank

Don't worry about your invoices with UK invoice factoring

Invoice factoring could help if you need business funding quickly, are having problems with late customer payments, or need a way to balance your cash flow.

Factoring is a type of business lending where the money you are advanced is borrowed against the value of your invoices. Simply Business has partnered with Aldermore Bank, to bring you a range of online quotes and a personal service.

Why choose an UK invoice factoring provider?

  • You can regulate your income.
  • Your loan is repaid each time a client settles their invoice.
  • The facility grows with your business so no expensive overdrafts.
  • Hand over sales ledger management to your factoring company.
  • You have more working capital to put back into your business.
  • Factoring is competitively priced

What does invoice factoring cost?

Factoring fees are split into two parts:

  1. A Service Fee covers the day-to-day servicing of your purchase ledger. This can be between 0.5% and 3% of your turnover.
  2. Interest is charged against the amount of each invoice, usually at a fixed percent above the factoring.

Setting up an UK invoice factoring facility

  • Complete our simple form to receive a call-back from one of our experienced factoring specialists to discuss your requirements
  • You will then be referred to one of the Aldermore industry specialists who can either provide you with a email quotation or a face to face appointment
  • If you are happy with the quotation, Aldermore will then discuss with you the next steps to putting a bespoke facility in place for your business

You may also be interested in...

Invoice discounting

Invoice discounting
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  • Funding for growth
  • Your customers need never know
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