Resolve late payments

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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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

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

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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

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