OUR FUNDERS
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Factoring or invoice finance is a quick and effective way to release cash from unpaid invoices.
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Access up to 95% of the gross value of each invoice.
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Helps maintain a regular cashflow and enables you to meet start up costs and expenses.
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You can retain the credit control management and also have a confidential facility.
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All facilities are operated online making the account run smoothly.
Few industries face as many variables such as the transport and logistics industry. Regardless of the turnover for a business in this area, the priority is to keep their fleet on the road and moving, making sure that driver’s wages, hire purchase, lease payments and fuel bills are all paid on time.
Volatile fuel costs, combined with the variations in exchange rates and an economy struggling to better its import and export ratios, competition from European transport companies make operating a profitable business increasingly difficult. In such a challenging climate, many hauliers are focussed on maintaining an operation that is successful and profitable. Unexpected repairs and keeping up with regulation can turn a small profit in to a loss and have an adverse effect on the company. In order to help ease this, cash flow is important and this is where haulage Factoring can help.
Make Payments on Time
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Invoice finance can ensure that drivers can be paid, vehicles can be re-fuelled and the movement of goods throughout the UK or beyond can continue
Access 90% of Invoice Early
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Factoring or confidential invoice discounting can help your business, you will sell invoices to a factoring company that will provide up to 90% of the cash that is tied up
Keep the fleet moving​
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The main priority is to keep the fleet and making sure that the drivers wages, lease payments and fuel bills are paid on time, this is possible through invoice finance
Concentrate on your Business​
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A factoring company can chase for payments, allowing you to focus on your business. However, if you choose confidential factoring, you will remain in control
We're Here to Help You
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Alliance Commercial Finance specialises in the transport and logistics industry and understands the challenges you may face, we want to work with you to achieve a steady stream of working capital
faqs
Below you will find answers to common questions relating to Alliance Commercial Finance and the services we provide.
Who are Alliance Commercial Finance Limited and what do they do?
Alliance Commercial Finance Limited are a specialist factoring and invoice finance broker who help to provide bespoke invoice finance and factoring solutions to help businesses fund their cash flow gap.
Why should I choose Alliance Commercial Finance?
We spend the time talking to the directors to establish their requirements and provide them with the best options for their business. This enables a quick and reliable decision, allowing business to progress with as little disruption as possible.
We constantly work with our funding partners to make sure we are up to date with current offers and products; which means you get impartial advice and the right product for your requirements.
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When you work with us, you will benefit from over 20 years' experience in the financial sector. Having worked at director level within the independent, non-bank owned factors, including those owned by merchant banks.
What is cashflow?
Cashflow is summarised as the amount of money being received and paid out by a business. Having good cashflow ensures you're able to pay your suppliers, employees, lenders and owners on time.
What is cashflow finance?
Cash flow finance is a process used by businesses to release funds to support the day to day running of the business and keep up with regular payments such as payroll and utility costs. Essentially this involves obtaining a loan against the expected future income of the business. Alliance Commercial Finance can assist you with this.
What is invoice finance?
Invoice finance is a way of raising funds; giving you an immediate injection of cash, which could release up to 90% of the gross value against your unpaid invoices, by the invoice finance provider agreeing to purchase your book debts.
What is factoring?
The factoring company purchases your book debts and will provide a full credit management service. In this service, they will:
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Talk directly to your customers and send out follow up letters
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Collect payments
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Produce monthly statements
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Could release up to 90% of the gross value of unpaid invoices
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The lender will also provide disclosure in the way of an assignment notice placed upon the invoice.
What is confidential invoice discounting?
The invoice finance company purchase your book debts and you conduct the credit control function. This service is entirely confidential - your customers remain unaware that you are factoring your invoices.
Can I have a confidential factoring facility?
There are now a number of factoring companies that will provide this, they will handle the credit control as if they were you and your customers will not know. They could release up to 90% of the gross value of your unpaid invoices.
What is the difference between factoring and invoice discounting?
With factoring, you will choose the lender who will collect the payment from your customers, this works best for small to medium sized businesses. Your customers know that you're using factoring but the factoring company will handle the credit control directly and will negotiate terms with customers.
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Invoice discounting is more straightforward and is used by large and established businesses. Compared to factoring, you will still have access to credit control but your customer will be unaware that you are borrowing against their invoices. With invoice discounting you can avoid a third party (the invoice financier), allowing you to deal directly with your customers.
Can I fund applications for payment or staged invoicing?
There are now more factoring companies willing to fund applications and staged invoicing, whether the contract is short or long term we will have choice of partners willing to help, and in the majority of cases the facility will be confidential.
What is trade finance?
This is specific to companies wishing to import goods into the country and need to make payment prior to shipping. A funder will open a letter of credit, which allows for payment and shipment to be made.
What is recruitment finance?
We are able to provide a total solution for temporary recruitment companies, offering a full back office service, which includes a complete payroll package. In some cases, permanent placements can also be funded.
Why should I use hire purchase?
Hire purchase allows you to purchase capital equipment, spreading the cost over an agreed period, for example 60 months, once you have paid in full you take completed ownership of the asset. Should you not wish to own the asset at the end of the term, the leasing maybe an option to consider.
What is the difference between asset finance and a bank loan?
Banks will normally fund equipment and machinery, but they will typically provide only short-term or long-term funding. To protect working capital, a lot of companies use asset funding. Cashflow is an important aspect to every business, no matter what industry you are in, so it may be wise to leave headroom for other bank facilities in the future.
What are the advantages of trade finance?
The main benefit is that it allows you to deliver orders that are outside your capacity to fund. The payment is fast, with just a few business days needed to receive the required information, which allows you to take on more business
What is property development finance?
Property development finance is the funding for new building projects or comprehensive renovations, like new housing estates, luxury homes, office blocks conversions.
I offer a service, not a physical product - can I receive purchase order finance?
No. Purchase order finance is only for hard gards.