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Resolve late payments

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Beat late payment with invoice finance

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.

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Find with Simply Business

  • Business finance
  • Factoring
  • Invoice discounting

Specialist solution for

  • Recruitment factoring
  • Recruitment invoice discounting
  • Wholesale invoice factoring

Read more about

  • Management buy-out
  • Improving cashflow
  • Unpaid invoices
  • Outsource debt collection
  • Business overdrafts

See also

  • Business insurance
  • Public liability insurance
  • Landlord insurance

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How can invoice finance help you?

  • Solve the problem of late payments by customers
  • Release cash tied up in your unpaid invoices
  • Balance your cashflow by regulating your income
  • Grow your business with a cash injection
  • No need for expensive overdrafts or loans

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How do I beat late payment?

From factoring to invoice discounting, Aldermore Bank provide a range of options to make sure your unpaid invoices are settled quickly.

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.

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Why invoice discounting?

  • Immediate cash injection, with up to 85% of your invoice values paid
  • An ongoing source of cashflow funding, that grows with your business
  • Your customers need never know the difference, with your service staying exactly the same

Find out more

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The benefits of factoring

  • Up to 90% of your invoice value, paid immediately
  • Debt collection managed on your behalf
  • More funds available than with a typical overdraft

Find out more

Rated 4.7/5 by customers

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Our score is based on the reviews we’ve collected on Feefo, the independent customer research specialist.

Read our reviews

It is a very good and easy to use service. I've been a customer for several years and the renewal system is very straight forward. I've always found the quotes competitive too. I'd definitely recommend Simply Business.

R Matthews, Handyman

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Business finance solutions
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Resolve late payments

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Address

6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ

© Copyright 2020 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.