Aldermore agrees over £200m of new invoice finance facilities

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Aldermore agrees over £200m of new invoice finance facilities

Theo Osborn | 13:15 Tuesday 16th October 2018 | 9

Aldermore has announced that it has delivered over £200m of new invoice finance facilities to UK SMEs in the last 12 months.

The specialist bank has achieved this by hiring a team of senior business development and relationship managers, enabling Aldermore to provide funding into the private equity, acquisitions, back-to-back funding, asset-based lending and specialist finance spaces.

This comes after it completed a RMBS transaction, which will raise £325m of new funding for the bank.

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Chris Meldrum, national business development director at Aldermore (pictured above), said: “Reaching this milestone is testament to the work we are doing in providing alternative finance options to businesses across the UK.

“Getting the right people in place and building trust among our customers and intermediaries has enabled us to also offer increased funding to larger businesses.

“Through our expertise and the quality and consistency of service we can provide, we are making real headway in our core markets.

“It is important that we continue to innovate and ensure that firms of all sizes across the UK are able to access vital funding.”

Aldermore agrees over £200m of new invoice finance facilities

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