Business overdrafts are expensive and inflexible – and, just as importantly, the banks are increasingly unwilling to offer them. So what’s the alternative? With Simply Business and Aldermore Bank you can use invoice discounting or factoring to borrow against the value of your sales. It’s a flexible option that grows with your business, and it even means that you’ll get your invoices paid on time.Get started
From factoring and invoice discounting to asset finance, Aldermore Bank provide a huge range of options.
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 cutomers will see no difference.
Asset finance: helping you pay upfront for expensive equipment, vehicles and other assets, Aldermore Bank can help you secure what you need to keep your business competitive.
Arranging your UK invoice discounting solution is quick and easy - just follow these simple steps:
To get a quote now, why not try out Aldermore Bank’s quick calculator?