Invoice finance
Compare UK invoice factoring providers that advance cash against unpaid B2B invoices and can manage credit control and collections. Review advance rates, turnover requirements, funding speed, fees and bad-debt protection.
Funding against unpaid B2B invoices
Access cash tied up in eligible customer invoices.
Provider-managed collections
Factoring normally includes credit-control and collections support.
Compare eligibility, costs & protection
Review advance rates, fees, turnover requirements and bad-debt protection.
Invoice finance
Factoring and discounting nested under Invoice Finance.
Invoice factoring
Provider normally manages collections.
Invoice discounting
Business normally keeps collections in-house.
| Topic | Invoice factoring | Invoice discounting |
|---|---|---|
| Funding against invoices | Yes — linked to eligible unpaid invoices | Yes — linked to eligible unpaid invoices |
| Who manages collections | Provider normally manages collections | Business normally keeps collections in-house |
| Customer awareness | Customers usually know a factor is involved | Often confidential where supported |
| Credit-control support | Credit-control support often included | More control stays in-house |
| Confidentiality | Traditional factoring is often disclosed | Confidential facilities may be available |
| Internal administration | Lower day-to-day credit-control admin | Typically needs established in-house credit control |
| Typical business fit | Businesses wanting outsourced collections | Businesses with established credit-control processes |
| Whole-ledger / selective structure | Often whole sales ledger — selective options vary | Often whole ledger — selective options vary by provider |
Five questions update the filters below. Approximate funding requirement sits in Advanced filters because many providers publish bespoke or no universal facility limits. We never silently broaden results if nothing matches.
Default order is Provider A–Z. After you answer suitability questions, Best match is a deterministic compatibility score using verified fields only: B2B requirement, turnover bounds, whole-ledger requirement, provider-managed collections, selective-invoice support, bad-debt protection availability, verified facility range if you enter a funding requirement, and provider role if you request direct vs marketplace. Null facts stay unknown and never count as a positive match. Source-conflict values are excluded from hard filtering and ranking. Affiliate economics never affect ranking.
WiT Money may receive a commission if you proceed through some provider links. This does not determine the factual product information shown or which products qualify for inclusion. How WiT Money makes money →
Product information last checked: 14 September 2026
Default order is Provider A–Z. Best match is a deterministic compatibility score using verified fields only. Affiliate economics do not affect ranking. Null facts stay unknown — never a positive match.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Typically above £750,000 annual turnover
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Up to 90% available within 24 hours of sending each invoice
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 85%
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Usually within 24 hours of raising an invoice
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Minimum £750,000 annual turnover
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Up to 90% as invoices are raised; cash typically advanced within 24 hours once live
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Not publicly stated
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Not publicly stated
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Marketplace / broker
Terms depend on selected provider
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Not publicly stated
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Could receive cash within 24 hours of issuing an invoice
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Advance up to 90% against invoices, typically within 24 hours
Facility
Broker/intermediary page states Invoice Finance advances between £100k and £50m
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Marketplace / broker
Terms depend on selected provider
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Current UK Finance profile says turnover in excess of £1m; provider page also considers start-ups projecting £1m first-year turnover
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Up to 90% within 24 hours
Facility
Up to £5m
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Up to 90% of unpaid invoices; current business-finance page promotes instant working-capital access
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 90%
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Up to 90% of unpaid invoices within 24 hours
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Invoice value available upfront
Up to 95%
Minimum turnover
Not publicly stated
Collections
Provider chases customers
Bad-debt protection
Available as optional protection
Funding speed
Funds within 24 hours of receiving invoices once facility is live
Facility
Up to £10m
Invoice factoring facilities are subject to status, invoice eligibility and underwriting. Advance rates, fees and turnover thresholds are taken from official provider disclosures and may change. Blank fields mean not verified. Bad-debt protection is often optional and is never treated as automatic cover or non-recourse. Marketplace and broker routes introduce panel providers — panel terms are not those routes' own factoring product terms. Always confirm current terms with the provider.
Advance rate
The advance rate is the percentage of an eligible invoice that may be made available before the customer pays. It is not an APR and does not mean every invoice is funded at that rate.
Illustrative example only
Illustrative example only. Fees usually reduce the amount retained after settlement. Eligibility and advance rates vary by provider and invoice.
A higher advance rate is not automatically better — service fees and discount / finance charges both affect net cash received.
Fees & charges
Factoring facilities are usually individually priced. Compare total expected cost and service, not one headline fee.
Can cover administration, facility management and credit-control services.
The cost associated with the money advanced against invoices.
Can include bad-debt protection or other facility charges depending on the provider.
Invoice factoring example
Enter an invoice value, advance percentage and illustrative fees. This is not a provider quote.
Illustrative only — not a provider quote.
Formula: advance = invoice value × advance %; retained balance = invoice value − advance; illustrative total cost = service fee + funding charge.
Illustrative outputs
Illustrative only — not a provider quote. Actual factoring costs depend on provider pricing, invoice eligibility, debtor risk, funding period, turnover and facility structure. This calculator does not provide a quote or guarantee of funding.
Credit control
In traditional invoice factoring, the provider will usually manage credit control and collect payment from customers — unlike typical invoice discounting.
Provider may chase outstanding invoices.
Customer may pay the factor directly.
Customers usually know factoring is being used.
If keeping collections confidential is important, compare Invoice Discounting — the products are related but not interchangeable.
Compare Invoice DiscountingCredit risk
Recourse and bad-debt protection are separate questions. Protection is not automatic and does not cover every non-payment scenario.
If a customer fails to pay, the business generally remains responsible for the funded amount, subject to the agreement.
Some facilities may protect against certain approved debtor non-payment risks, subject to exclusions, limits and conditions.
Check exactly which debts and events are covered.
Debtor book
Providers assess the businesses that owe you money. High concentration can limit advances even when individual customers look strong.
Whether customers appear able to pay their invoices.
Whether too much of the debtor book depends on one customer.
Whether invoices are valid, undisputed and eligible.
How customers have historically paid.
Suitability
Best suited to B2B businesses with unpaid invoices that want funding plus credit-control support — not every cash-flow need.
Alternatives
Factoring is not a conventional fixed-repayment loan. Compare structure, customer involvement and cost.
| Aspect | Factoring | Loan |
|---|---|---|
| Funding basis | Linked to eligible unpaid invoices | Usually a fixed lump-sum based on credit assessment |
| How funds are accessed | Advance against submitted eligible invoices | Lump sum drawn once approved |
| Customer involvement | Factor may contact customers about payment | Customers usually unaffected |
| Collections | Provider typically manages credit control | No direct involvement with customer collections |
| Cost structure | Service fee and discount / finance charges | Interest / APR and arrangement fees |
| Facility size | Can scale with eligible receivables | Fixed borrowing amount for the term |
| Repayment structure | Settled as customers pay invoices (less fees) | Usually scheduled instalments |
| Typical use | Working capital tied up in receivables | Broader planned expenditure or working capital |
| Aspect | Factoring | Overdraft |
|---|---|---|
| Funding basis | Funding tied to eligible invoices | Linked to a business current account |
| Access to cash | Advance against submitted eligible invoices | Draw when needed up to an agreed limit |
| Growth with sales | Can grow with the invoice book | Limited to the arranged overdraft facility |
| Collections | Provider may manage collections | No direct involvement with customer collections |
| Pricing | Service + finance charges | Interest generally charged on the amount used |
| Best suited | Cash tied up in B2B receivables | Short-term fluctuating account cash-flow gaps |
Before you apply
Prioritise advance rate, total fees, collections, recourse and concentration — not funding speed alone. Security can include assignment of receivables, a company charge or a personal guarantee.
Regulation
Invoice factoring is business finance. Regulatory treatment can depend on the provider, customer type and specific activity.
Where relevant, check the firm and applicable permissions on the FCA Register. Do not assume every commercial factoring facility is regulated like consumer credit. FCA Register.
FAQs
Quick answers before comparing providers or applying.
Default order is Provider A–Z. After you answer suitability questions, Best match is a deterministic compatibility score using verified fields only: B2B requirement, turnover bounds, whole-ledger requirement, provider-managed collections, selective-invoice support, bad-debt protection availability, verified facility range if you enter a funding requirement, and provider role if you request direct vs marketplace. Null facts stay unknown and never count as a positive match. Source-conflict values are excluded from hard filtering and ranking. Affiliate economics never affect ranking.
Commercial relationships do not determine ranking by themselves. A higher advance rate is not automatically a better facility.
Reference links only — these organisations do not endorse WIT Money.
Found an outdated advance rate, fee, factoring term or eligibility requirement?
Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.
Review advance rates, total fees, collections and recourse carefully — then explore related invoice finance options.