Giving you fast access to funds – with Invoice Discounting
Invoice discounting gives you fast access to some of the funds your customers owe you, but unlike invoice factoring, you collect payment from your customers. It's a cost-effective way to boost your cashflow and your customers need never know you are using it.
How business invoice discounting works
Based on your business' status and requirements, we'll advance a percentage of your total outstanding sales ledger, usually 90%.
As soon as you send us invoice details (usually electronically), we'll advance the funds. Once your customers have paid, we release the remaining funds. We'll recalculate the funds available to you after every new transaction, so you always know where you are.
Whatever your requirements, we'll work with you to establish the right terms for your business.
- You collect the debts and do the credit control
- Confidentiality - customers needn't know you are using an invoice discounting facility
- Recourse facilities - choose who recoups any unpaid invoices
- Available for businesses with £500,000 turnover or above (others also considered)
Typical businesses we help include:
- Business services providers
- Manufacturers and wholesalers
- Transport firms
- Employment agencies
Is invoice discounting right for you?
Consider invoice discounting if your business:
- Sells products or services on credit to other businesses
- Has an annual turnover of at least £500,000 - although we may consider smaller businesses
- Has a proven profit track record.
If you do not have a credit control function in-house, you may find debt factoring a better fit for your business.
To find out more about how invoice discounting could work for your business, talk to us on 0333 321 4000.
Get in touch
Call us on
0333 321 4000
Contact us today to find out how we can help your business succeedEnquire Now
See how we've helped other businesses just like yours prosper.Case Studies
Business Savings Accounts
Open an account in just 15 minutes. Easy to manage online.Find out more
Ask your questions. Share your answers.
- To sell products or services on credit to other businesses
- To have an annual turnover of circa £100,000 although many providers also take small businesses into consideration
- To have own in house credit collection service
- Businesses and business owner(s) need to have a proven track record
Every provider has its own policies as every case is different. Before deciding on the correct funding alternative for your business, consider all of your options and seek expert advice.
Content posted to this website by users is solely the opinion and responsibility of the author posting the content. Aldermore Bank Plc ('Aldermore') does not accept any liability in respect of any statements made by users on this website, unless formally attributed to Aldermore by authorised personnel. Users are responsible for their own posts.
Aldermore reserves the right to remove or refuse to post any user or customer content or any Aldermore or staff response at any time for any reason. We aim to display your content within 48 hours however please be aware that it could take up to 5 business days for your content to appear on aldermore.co.uk.
To complain about any content posted to this website, please contact firstname.lastname@example.org