Aldermore has launched a fixed fee factoring package.

Aldermore Business Confidence (ABC) enables small businesses with a turnover of up to £500,000 to access and utilise cash tied-up in unpaid invoices. There are no set-up or administration charges and both the servicing and discounting fees are fixed for two years from inception.

CHAPS payments and online access to Aldermore’s factoring system are included in the monthly fee and ABC customers also qualify for a free copy of Sage’s Instant Access Account software.

Ian Wilkins, group managing director of commercial finance at Aldermore, said: “The objective behind the launch of ABC is to provide small businesses with a completely transparent