Transform your cash flow with Invoice Finance
What are the Invoice Finance alternatives?
To help businesses like yours fulfil their potential, Simply Business has partnered with Aldermore Bank to offer the full range of Invoice Finance solutions, including Factoring and Invoice Discounting.
Both of these services are designed to boost your working capital by converting your trade debtors – sales invoices – into cash. In fact, with Invoice Finance you can call on up to 90% of the value of your outstanding invoices within 24 hours, enabling your business to expand with confidence.
Factoring and Invoice Discounting are performance-linked sources of funding, that will automatically grow with your sales ledger. As a result, they will always reflect your company's current position, not its history. There are no fixed limits or ceilings, such as those typically associated with traditional bank overdrafts and loans, which means there’s no need to renegotiate every time you need more working capital.
Factoring provides immediate finance against your sales invoices, together with a professional credit management and collections service, freeing up your management time to focus on running your business.
With Invoice Discounting, whilst cash is also advanced against your outstanding sales invoices, you retain complete control over running your sales ledger. Invoice Discounting is also confidential, so that your customers will be completely unaware of the arrangement you have in place.
How easy is it to set up Invoice Finance through Simply Business?
Whether you run a young, cash-hungry enterprise or a mature expanding organisation, there is an Invoice Finance solution that’s ideally suited to your needs. The application process has been designed to be streamlined and straightforward, enabling your business to gain the benefits of Invoice Finance as quickly as possible:
1. Simply complete the brief quote form to receive a call back from one of our experienced team.
2. We will be pleased to discuss your requirements with you, after which we will refer you to an Aldermore Invoice Finance specialist. They will then provide you with an email quotation or arrange a face-to-face appointment.
3. If you are happy with the quotation, Aldermore will then discuss the next steps towards advancing you the working capital you need to take your business to the next level.