Ross McFarlane, Commercial Director for Invoice Finance from Aldermore Bank says it’s time to change the conversation on Invoice Finance.
Cash is the lifeblood of any business. But if your cash remains tied up in unpaid invoices then ultimately your business may not survive.
The sad truth, which we highlighted in our recent Future Attitudes report, is that nearly a quarter of SMEs miss out on business opportunities due to lack of funding.
At Aldermore we recognise these funding challenges and want to change the conversation and focus on how Invoice Finance can play a crucial role in enabling businesses to grow.
A fast track to finance
Invoice Finance is a practical way of enabling businesses to embrace new opportunities as they happen.
The facility can be tailored to meet the particular requirements of a business, allowing it to unlock the cash tied up in unpaid invoices to release funding for progression or growth. Typically, we can provide access of up to 90% of unpaid invoices straight away.
Not only that, it can give you the confidence to take on those bigger contracts and more importantly focus on growing your business.
How we can help
At Aldermore we can provide a bespoke facility which allows businesses to spread these major costs over a number of weeks. From finding the right solution to helping understand the opportunities and hurdles ahead, we provide tailored advice and expert insight every step of the way, along with a facility that can evolve as your business does.
Invoice Finance is increasingly seen as an important part of that funding mix for many SME and a flexible solution to secure growth.
We are seeing this sea change every day from clients who no longer view Invoice Finance as a taboo topic, or as a negative sign that a business has cashflow troubles, but instead they are waking up to its possibilities as a flexible solution to secure growth.
Perhaps you have seen it too?
Find out more about Invoice Finance and our complete business finance solutions that could help take your business to the next level.