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WiTMoney is a free financial comparison and information service, part of WiT Finance Group. We do not provide financial, investment or credit advice. WiT Money may receive a commission or referral fee from some providers when you follow a link or take out a product. See how we make money.

Product information is provided for comparison and general information purposes only and does not constitute a personal recommendation. Rates, fees, eligibility criteria and other terms can change. Always check the latest information and full terms directly with the provider before making a decision.

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  1. Home
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  3. Invoice Finance

Business Finance

Invoice Finance

Compare UK invoice finance providers for factoring, invoice discounting and selective invoice finance. Review advance rates, facility size, turnover requirements, collections, confidentiality and fees before applying.

Unlock cash from unpaid invoices

Advances are typically linked to eligible B2B receivables already raised.

Compare facility structure

Review factoring, discounting, selective options, collections and confidentiality.

Fees are usually tailored

Service fees and discount charges vary — we do not invent representative pricing.

Check suitability first

Four questions update the filters below. We never silently broaden results if nothing matches.

1. Do you invoice other businesses?
2. Annual turnover
3. Do you want to fund all invoices or choose individual invoices?

Whole-ledger facilities fund most eligible invoices; selective finance lets you choose individual invoices.

4. Who should chase customers for payment?

Some invoice finance providers collect payment from customers; others let you keep control.

Filters

Provider type
Product type
Invoice value available upfront

Invoice value available upfront — % of invoice value released as an advance. Only verified numeric rates are compared; unpublished rates are not excluded.

Facility size

Requested facility overlap uses verified limits. Unpublished bounds are unknown, not zero, and are not excluded.

Annual turnover

Turnover bands use verified ranges only. Unpublished thresholds are not excluded. Conflicting published thresholds are flagged for confirmation rather than hard-excluded.

Confidentiality

Confidential means your customers may not be told about the facility. Availability is not a guarantee.

Customer non-payment risk

Recourse means your business may remain responsible if a customer does not pay. Do not treat bad-debt protection as non-recourse unless the provider says so.

International
Advanced filters
Collections

Some invoice finance providers chase customers for payment; others let you keep control.

B2B invoices
Accounting software
Credit control
Facility structure

How we compare invoice finance

WiT Money lists live invoice finance providers in Provider A–Z order until you answer suitability questions. Best match is then a deterministic compatibility score from verified fields such as turnover, product type, collections and confidentiality. It is not a product-quality ranking and is not determined by affiliate commission.

How we rank →Editorial policy →How WiT Money makes money →

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 →

13 matching providers

11 direct providers · 2 marketplace / brokers. Product information last checked: 14 September 2026

How we match →

Default order is Provider A–Z. Best match reflects how closely verified provider criteria align with your selected preferences. It is not a product-quality ranking.

Aldermore

Invoice Finance

Direct providerFactoring · Invoice discountingProvider criteria need confirmation

You or the provider can manage collections

Enquire with Aldermore

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

General customer page says typically £750,000+; intermediary page says some SMEs at £500k–£750k can be considered

Product type

Factoring · Invoice discounting

Collections

You or the provider can manage collections

Confidentiality

Confidential option available

Funding speed

Up to 90% available within 24 hours of invoice submission

  • Confidential available
  • Bad-debt protection available

Provider criteria need confirmation. Current customer page says general minimum turnover £750k, while current intermediary page says Aldermore can fund some SMEs with £500k–£750k turnover.

Bibby Financial Services

Invoice Finance

Direct providerFactoring · Invoice discounting

You or the provider can manage collections

Explore Bibby Invoice Finance

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

Factoring up to 85%; Invoice Discounting up to 95%

Minimum turnover

No universal current minimum verified

Product type

Factoring · Invoice discounting

Collections

You or the provider can manage collections

Confidentiality

Confidential option available

Funding speed

Usually within 24 hours after invoices are raised / facility is set up

  • Confidential available
  • Bad-debt protection available
  • Export invoices supported
Close Brothers Invoice Finance

Invoice Finance

Direct providerFactoring · Invoice discountingLimited verification
Contact Close Brothers Invoice Finance

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

Not reliably published as a universal current rate on the current group page

Minimum turnover

Not publicly standardised on the current page reviewed

Product type

Factoring · Invoice discounting

Collections

Not publicly stated

Confidentiality

Not publicly stated

Funding speed

Not universally published on current group page

Funding Circle

Invoice Finance Marketplace

Marketplace / broker

Terms depend on selected provider. This is a comparison / broker route, not a direct invoice-finance lender.

Compare invoice finance via Funding Circle

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

Terms depend on selected provider

Minimum turnover

Terms depend on selected provider

Product type

Marketplace / brokered invoice finance

Funding speed

Terms depend on selected provider

HSBC UK

Receivables Finance / Invoice Finance

Direct providerFactoring · Invoice discountingLimited verification

You or the provider can manage collections

Speak to HSBC Receivables Finance

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

No universal current advance percentage published on the main product page reviewed

Minimum turnover

No universal public threshold on current main page

Product type

Factoring · Invoice discounting

Collections

You or the provider can manage collections

Confidentiality

Not publicly stated

Funding speed

Could receive cash within 24 hours of issuing an invoice

  • Bad-debt protection available
  • Export invoices supported
Lloyds Bank

Invoice Finance

Direct providerInvoice discounting

You keep control of collections

Get a Lloyds invoice finance quote

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 £100,000 annual turnover

Product type

Invoice discounting

Collections

You keep control of collections

Confidentiality

Confidential option available

Funding speed

Typically within 24 hours

  • Confidential available
  • Export invoices supported
NatWest / RBS Invoice Finance

Invoice Discounting

Direct providerInvoice discounting

You keep control of collections

View NatWest Invoice Discounting

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

Over £300k; businesses over £25m are directed to a specialist team

Product type

Invoice discounting

Collections

You keep control of collections

Confidentiality

Confidential option available

Funding speed

Up to 90% within 24 hours; multiple currencies available

  • Confidential available
  • Export invoices supported
Novuna Business Cash Flow

Invoice Finance Comparison / Brokerage

Marketplace / broker

Terms depend on selected provider. This is a comparison / broker route, not a direct invoice-finance lender.

Compare invoice finance with Novuna

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

Terms depend on selected provider

Minimum turnover

Terms depend on selected provider

Product type

Marketplace / brokered invoice finance

Funding speed

Terms depend on selected provider

Santander Corporate & Commercial

Invoice Finance

Direct providerInvoice finance; asset based lending
Contact Santander Invoice Finance

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

No universal current threshold published on product page

Product type

Invoice finance; asset based lending

Collections

Not publicly stated

Confidentiality

Not publicly stated

Funding speed

Same-day access to money; factsheet says typically same day subject to cut-off times

  • Whole ledger
  • Bad-debt protection available
Skipton Business Finance

Invoice Finance

Direct providerFactoring · Invoice discounting

You or the provider can manage collections

Get a Skipton Business Finance quote

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

No universal current minimum verified

Product type

Factoring · Invoice discounting

Collections

You or the provider can manage collections

Confidentiality

Confidential option available

Funding speed

Confidential discounting typically gives access to 90% within 24 hours after invoices are raised

  • Confidential available
Sonovate

Invoice Funding

Specialist direct providerInvoice funding for recruitment agencies, consultancies and labour marketplaces

Provider chases customers

Book a Sonovate demo

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Invoice value available upfront

Up to 100%

Minimum turnover

No universal turnover threshold published

Product type

Invoice funding for recruitment agencies, consultancies and labour marketplaces

Collections

Provider chases customers

Confidentiality

Not publicly stated

Funding speed

Provider states invoice funds can be released within 24 hours

  • Bad-debt protection available
  • Export invoices supported
Time Finance

Invoice Finance

Direct providerFactoring · Invoice discounting · Selective / single-invoice finance

You or the provider can manage collections

Apply to Time Finance

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 product page says from start-ups to businesses turning over up to £15m

Product type

Factoring · Invoice discounting · Selective / single-invoice finance

Collections

You or the provider can manage collections

Confidentiality

Confidential option available

Funding speed

Up to 90% within 24 hours

  • Confidential available
  • Bad-debt protection available
Ultimate Finance

Invoice Finance

Direct providerFactoring · Invoice discounting

You or the provider can manage collections

Get an Ultimate Finance quote

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

No universal minimum published; aimed at UK B2B businesses selling on credit

Product type

Factoring · Invoice discounting

Collections

You or the provider can manage collections

Confidentiality

Confidential option available

Funding speed

Up to 95% can be available within 24 hours of receiving invoices

  • Confidential available
  • Bad-debt protection available
Related finance:Invoice FactoringInvoice DiscountingBusiness LoansBusiness Overdrafts

Invoice finance 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. Marketplace and broker routes introduce panel providers — panel terms are not those routes' own invoice-finance product terms. Always confirm current terms with the provider.

Compare products

Factoring, invoice discounting or selective finance?

Choose facility structure before comparing providers. Exact terms vary — these are educational distinctions, not guarantees.

Invoice factoring

  • Provider often manages credit control and collections
  • Customers may be told invoices have been assigned
  • Can suit businesses that want funding plus collections support
  • Fees and advance rates vary by facility and invoice book
Explore invoice factoring

Invoice discounting

  • You usually keep collecting from customers
  • Often confidential — customers may not know about the facility
  • Can suit businesses with in-house credit control
  • Still advances cash against eligible unpaid invoices
Explore invoice discounting

Selective / single invoice finance

  • Fund selected invoices rather than the whole ledger
  • Can suit businesses that only need occasional funding
  • Eligibility and pricing still depend on debtor quality
  • Do not assume every provider offers selective finance

Selective receivables alternatives

Triver — Cashflow Streaming

Triver describes Cashflow Streaming as an alternative to invoice finance and explicitly says it is not a loan and not factoring. It is not counted as a default Invoice Finance provider.

Explore Triver Cashflow Streaming

How it works

How invoice finance works

Invoice finance is designed primarily to release working capital tied up in unpaid business invoices.

  1. Step 1

    Raise eligible invoices

    You invoice B2B customers for completed work or delivered goods.

  2. Step 2

    Submit invoices for funding

    The provider assesses eligible invoices, debtors and concentration.

  3. Step 3

    Receive an advance

    A percentage of eligible invoice value is typically advanced.

  4. Step 4

    Customer pays the invoice

    Payment is collected by you or the provider, depending on the product.

  5. Step 5

    Balance released less fees

    The remaining balance is usually released after settlement, less agreed charges.

Costs

How invoice finance costs work

Pricing is usually multi-part and tailored. WiT Money does not invent representative provider fee percentages.

Service fee

Often an ongoing percentage or charge for administering the facility and credit-control services where included.

Discount / funding charge

The cost of funds advanced against invoices — sometimes expressed as a discount rate or funding charge over the period invoices remain outstanding.

Other fees

Facilities may include arrangement, audit, CHAPS, minimum usage or exit fees. Only verified fee types are shown on provider cards.

Worked example

Illustrative £100,000 invoice calculator

Adjust advance rate and fee inputs yourself. This explains cash-flow mechanics — it is not a quote from any provider.

Illustrative only — not a provider quote.

Illustrative only — not a provider quote. Actual advances, fees and settlement amounts depend on invoice eligibility, provider terms, concentration limits and any discounts or disputes.

Illustrative initial advance

£90,000.00

Residual until settlement
£10,000.00
Illustrative fees total
£3,250.00
Advance less illustrative fees
£86,750.00

Fee timing varies by provider. This net figure is educational only.

Suitability

Who might consider invoice finance?

Best suited to B2B businesses with unpaid invoices and reliable debtors — not every cash-flow need.

May be worth considering if

  • You raise B2B invoices and wait for customers to pay
  • Cash is tied up in unpaid receivables
  • You need working capital that can flex with invoice volume
  • You want funding linked to sales already made
  • You may want collections support (factoring) or confidentiality (discounting)
  • Your customers are creditworthy enough for the provider’s criteria

May be less suitable if

  • You mainly invoice consumers rather than businesses
  • Invoices are disputed, incomplete or for unfinished work
  • A small number of debtors dominate your ledger beyond provider limits
  • You need a simple fixed-term loan with scheduled repayments
  • Fee complexity would outweigh the cash-flow benefit
  • You cannot accept recourse risk if customers pay late or default

Advance rate

What does the advance rate mean?

Advance rate is the percentage of eligible invoice value typically funded upfront. It is not an APR and does not mean every invoice is funded at that rate.

Illustrative example only

Invoice value
£50,000
Advance rate
90%
Initial advance
£45,000
Remaining balance
£5,000

Illustrative only. Fees usually reduce the amount retained after settlement. Eligibility and advance rates vary by provider and invoice.

Compare total facility cost — not advance rate alone. Service fees and discount / finance charges both matter.

What can invoice finance cost?

Service fee

Often a percentage of invoice value or facility usage for administering the facility. Confirm how it is calculated.

Discount / finance charge

A finance charge that may relate to how long funds are outstanding. Pricing is often quote-based.

Setup / arrangement

Some facilities charge an arrangement or onboarding fee. Check whether it is fixed or percentage-based.

Minimum fees

Minimum monthly or annual charges can apply even if invoice volumes fall.

Bad-debt protection

Optional credit protection may add cost. Coverage, excesses and exclusions vary.

Other charges

Exit fees, audit fees, CHAPS charges or debtor-limit fees may apply. Always read the facility terms.

Credit risk

Recourse, collections and confidentiality

These fields are central to comparing invoice finance — not optional extras.

With recourse

If a customer does not pay, the provider may require your business to repurchase the invoice or otherwise make good the shortfall.

Bad-debt protection

Some facilities offer credit protection on approved debtors, which can reduce (but not always eliminate) loss if a customer defaults — subject to policy terms.

Collections & confidentiality

Factoring often means the provider manages collections and customers may know about the facility. Discounting usually keeps collections with the business and can be confidential where supported. Check both fields on each card.

Check exactly what risks are covered and excluded.

Eligibility

What may providers assess?

Debtor quality and concentration often matter as much as your own credit profile. Assessment criteria vary by provider.

Invoice quality

Completed work, clear terms, age of debt and dispute risk.

Debtor creditworthiness

The financial strength of your customers matters as much as yours.

Concentration

How much of the ledger sits with one or a few debtors.

Turnover & trading

Business size, trading history and sector appetite.

Existing finance

Other borrowing, security and banking arrangements.

Collections process

Whether you retain collections or the provider manages them.

Compare finance

Invoice finance or business loan?

Neither option is universally better — compare structure, cost and customer involvement.

Invoice finance versus business loan
AspectInvoice financeBusiness loan
Funding basisLinked to eligible unpaid invoicesUsually a lump sum based on credit assessment
Repayment styleSettled as customers pay invoices (less fees)Usually scheduled instalments
Cash-flow linkCapacity often flexes with invoice volumeFixed borrowing amount for the term
Customer involvementMay involve collections or assignment noticesCustomers usually unaffected
PricingService fees and discount / finance chargesInterest / APR and arrangement fees
Typical useUnlocking cash tied in receivablesPlanned expenditure or broader working capital
Security / recourseOften invoice assignment; recourse terms varyUnsecured or secured depending on product
Compare Business Loans

Invoice finance or business overdraft?

Invoice finance versus business overdraft
AspectInvoice financeOverdraft
Access to cashAdvance against submitted eligible invoicesDraw within an agreed account limit
Link to salesTied to unpaid B2B invoicesNot invoice-specific
PricingService and discount charges on funded invoicesInterest / EAR on amounts overdrawn
Account requirementMay work alongside your existing bankUsually linked to the provider’s business current account
Best suitedCash tied up in receivablesShort-term fluctuating account cash-flow gaps
ReviewabilityFacility limits and debtor approvals can changeLimit may be reviewed or withdrawn under account terms
Compare Business Overdrafts

Before you apply

Before using invoice finance

Check advance rate, total fees, recourse, collections and confidentiality — not funding speed alone.

  1. 1Confirm invoices are B2B, for completed work or delivered goods
  2. 2Estimate eligible unpaid invoice value — not total turnover alone
  3. 3Compare advance rate and what “eligible invoice value” excludes
  4. 4Ask for a full fee breakdown: service, discount, setup and minimums
  5. 5Check recourse and any bad-debt protection terms
  6. 6Confirm who collects from customers and whether the facility is confidential
  7. 7Review debtor concentration limits and notification rules
  8. 8Compare whole-turnover vs selective structures
  9. 9Check contract length, notice periods and exit charges
  10. 10Ask whether a soft eligibility check is available before a full application

Regulation

Regulation depends on the product and borrower

Regulatory treatment of invoice finance can depend on the provider, product structure and borrower. Not all commercial business finance falls within the FCA regulatory perimeter in the same way.

Where relevant, check the exact firm and permitted activities on the FCA Register. Do not assume every invoice facility is “FCA regulated” in a consumer-credit sense. FCA Register.

FAQs

Common questions about invoice finance

Quick answers before comparing providers or applying.

How we review invoice finance information

  • UK-focused editorial research from official provider sources
  • Only status=live and eligible_for_live_comparison products render in results
  • Blank fields stay unknown — never coerced to “No”
  • No manufactured advance rates, facility limits or fee percentages
  • Funding Circle and Novuna labelled marketplace/broker — panel terms are not their own product terms
  • Triver is a selective receivables alternative, not a default Invoice Finance provider
  • Barclays stays hidden until current product facts are verified
  • iwoca and Ark Finance are not Invoice Finance providers on this page
  • No universal FCA-authorised badge on invoice finance
  • Commercial relationships do not determine factual guidance or ranking

How we compare invoice finance providers

  • Default order is Provider A–Z until suitability answers are given
  • Best match is a deterministic compatibility score from verified fields only
  • Product fit — factoring, discounting or selective
  • Verified advance percentage where published
  • Turnover eligibility where verified
  • Collections preference and confidentiality as facility characteristics
  • Bad-debt protection availability where verified — not inferred as non-recourse
  • Facility transparency and funding speed
  • Direct provider vs marketplace / broker labelling
  • Official provider disclosures and product-specific regulation wording

Commercial relationships do not determine factual provider information or our editorial guidance. A higher advance rate is not automatically a better facility.

Last reviewed
14 September 2026
Pricing last checked
14 September 2026
Facility terms last checked
14 September 2026
Eligibility last checked
14 September 2026
Regulatory information checked
14 September 2026
Provider data last checked
14 September 2026
  • Editorial Guidelines
  • Comparison Methodology
  • How We Make Money
  • Corrections Policy
Comparison Methodology

Sources and further information

Reference links only — these organisations do not endorse WIT Money.

  • British Business Bank(opens in a new tab)
  • GOV.UK — business finance support(opens in a new tab)
  • Financial Conduct Authority(opens in a new tab)
  • FCA Register(opens in a new tab)
  • Ultimate Finance(opens in a new tab)
  • Lloyds Bank(opens in a new tab)
  • NatWest Invoice Discounting(opens in a new tab)
  • Aldermore(opens in a new tab)
  • Bibby Financial Services(opens in a new tab)
  • Close Brothers Invoice Finance(opens in a new tab)
  • HSBC Receivables Finance(opens in a new tab)
  • Santander Invoice Finance(opens in a new tab)
  • Time Finance(opens in a new tab)
  • Sonovate(opens in a new tab)
  • Novuna Business Cash Flow(opens in a new tab)
  • Skipton Business Finance(opens in a new tab)
  • Funding Circle Marketplace(opens in a new tab)

Found an outdated advance rate, fee, facility term or eligibility requirement?

Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.

Continue comparing business finance

  • Invoice Factoring
  • Invoice Discounting
  • Business Loans
  • Business Overdrafts
  • Unsecured Business Loans
  • Asset Finance
  • Merchant Cash Advance
  • Business Bank Accounts

Ready to compare invoice finance?

Review advance rates, collections, confidentiality and fees carefully — then explore factoring, discounting or related business finance.

Explore invoice factoringBusiness finance hub