Invoice Finance is a form of short-term borrowing that allows you to borrow money against sales invoices before they've actually been paid.

The way Invoice Financing works is quite simple. You sell your outstanding invoices to Aldermore, and we pay you up to 90% of the full invoice value, up front. Once we have received full payment for the invoice, we'll then return the remaining 10% to you, minus a small fee.

The cost will be dependent on your requirements from the facility and the size of your business. Once we have understood your business needs, we will put a clear proposal together that will outline the facility we can offer along with the fees. The main charges with Invoice Finance are a service fee, which is a percentage of the invoice value, and a discount fee, which is calculated on the balance we advance to you.

It can depend on the facility and your business requirement; however, our setup time scale ranges from a few days to a few weeks. We aim to work closely with you to understand your business plans and requirements to get you up and running as soon as possible.

We understand that cash flow can be one of the biggest challenges for SMEs and we want to be able to support a range of businesses and industries. If you are a business that provides a service or product on credit and raises invoices, you may be eligible for Invoice Finance. As a general rule we do require businesses applying for invoice finance to have a minimum turnover of £750,000. Contact us directly to discuss your individual business needs.

With Invoice Discounting you maintain all direct communication with your customers and collection of your sales ledger. We can offer a confidential invoice discounting facility so your customers needn’t even know that you use Invoice Finance. With Factoring we would collect payment on your behalf from your customers; our experienced and professional credit control team will manage this so that the direct relationship you have with your customers is not impacted.