Alternatives to Fund Invoice Discounting
The main UK invoice finance alternatives to Fund Invoice Discounting are Bibby Financial Services, Close Brothers Invoice Finance, Ultimate Finance and IGF (Independent Growth Finance), compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Fund Invoice Discounting does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
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UK invoice finance alternatives to Fund Invoice Discounting, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
Not covered here
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Fund Invoice Discounting vs the 4 alternatives
| Compared on | Fund Invoice Discounting | Bibby Financial Services | Close Brothers Invoice Finance | Ultimate Finance | IGF (Independent Growth Finance) |
|---|---|---|---|---|---|
| Product | Invoice finance broker and packager | Invoice finance (factoring, CID, ABL) | Invoice finance (CID, factoring, ABL) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (ABL, CID), asset-based lending |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | Varies by funder | Not published | £750k | Not published | £5m |
| Advance rate | Up to 95% (funder dependent) | Up to 85% | Up to 90% | Up to 95% | Up to 90% receivables + stock + plant |
| Typical rate | Funder rates via brokered facilities | Not published (quoted per facility) | Not published (quoted per facility) | Quoted per facility (not published) | Bespoke pricing |
| Setup speed | 3 to 10 working days | 5 working days | 5 working days | Within one week (up to 5 working days) | 10 working days |
| Rating | 3.9 | 4.4 | 4.5 | 4.3 | 4.1 |
Bibby Financial Services
5 working days · Up to 85%Describes itself as one of Europe's largest independent invoice finance providers, funding over 8,500 businesses; part of the family-owned Bibby Line Group and formed in 1982.
Close Brothers Invoice Finance
5 working days · Up to 90%UK merchant banking heritage, FCA regulated, with a published £750k minimum turnover and advances up to 90%. Each agreement is individually priced; no service charge is published.
Ultimate Finance
Within one week (up to 5 working days) · Up to 95%Facility set up within one week, with funds paid within 24 hours of receiving invoices once live, according to Ultimate Finance. Owned by Tavistock Group.
IGF (Independent Growth Finance)
10 working days · Up to 90% receivables + stock + plantABL specialist combining invoice finance with stock and plant lending under one facility.
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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