Aldermore launches a new invoice financing product
Aldermore has launched Receivables Finance, a new invoice finance product designed to support the growth ambitions of small and medium-sized enterprises (SMEs) in the UK.
Receivables Finance aims to provide quick access to working capital by advancing on contractually full deferred payments, thereby improving business cash flow by freeing up unpaid amount.
Receivables Finance has been developed to help a wide range of businesses across many industries, from entertainment and land sales to the sale of licensed content. Aldermore says the product is ideal for businesses that typically sell goods or services to high-quality debtors, but whose payment is deferred over a period of one to three years.
Andrew Dixon, Commercial Director of Specialty Finance at Aldermore, said: “At Aldermore, we understand that many industries face their own challenges and that cash flow issues can arise due to the long payment period to be made. Receivables Finance offers business leaders looking to grow a facility designed specifically for their industry that meets the needs of their business, all supported by a dedicated manager backed by a team of experts.
“Aldermore has a long history of contract debt financing, and we look forward to helping more companies achieve their growth ambitions through Receivables Finance. “