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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. 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 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: Talk directly to your customers and send out follow up letters Collect payments Produce monthly statements Could release up to 90% of the gross value of unpaid invoices 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.




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.





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