Late payment consistently ranks as small businesses’ top bugbear, but with an invoice finance solution from Simply Business and Aldermore Bank you can make sure that your invoices are settled on time. Using factoring or invoice finance you can get up to 90% of the face value of your unpaid invoices in your bank account within as little as 24 hours. It’s a quick, cost-effective way of beating late payment and boosting cashflow.Get started
To make sense of what’s available, here’s a quick break down:
Factoring: gives you fast access to funds owed by customers, while also providing a full credit control service. You get the funds you need, without having to chase the payments.
Invoice discounting: also gives you fast access to owed funds, but unlike with factoring, you’ll still be collecting. It’s a cost-effective way of boosting cashflow, and your customers will see no difference.