Alternatives to IGF (Independent Growth Finance)
The 4 UK alternatives to IGF (Independent Growth Finance) on this page are Ultimate Finance, Novuna Business Finance, Aldermore Invoice Finance and Time Finance. The table shows what each one publishes about minimum turnover, advance and fees, next to IGF (Independent Growth Finance), with a link to each provider's own website.
What this page covers
This page covers
UK invoice finance alternatives to IGF (Independent Growth Finance), compared on product type, minimum turnover, advance, fees, setup time and our rating
Not covered here
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
IGF (Independent Growth Finance) and the 4 alternatives side by side
| Compared on | IGF (Independent Growth Finance) | Ultimate Finance | Novuna Business Finance | Aldermore Invoice Finance | Time Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (ABL, CID), asset-based lending | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance, asset finance, vehicle finance | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance, asset finance, vehicle finance |
| Min turnover | £5m | Not published | Not published | £750k | Not published |
| Advance | Up to 90% (receivables); stock up to 85%, plant up to 75% | Up to 95% | Up to 90% | Up to 90% | Up to 90% |
| Fees | Not published | Not published | Not published | Not published | Not published |
| Setup time (our guide) | Not published | Within one week | 1 to 3 working days to funds | A few days to a few weeks | Not published |
| Our rating (out of 5) | 4.1 | 4.3 | 4.2 | 4.2 | 4.1 |
| Source | igfgroup.com | ultimatefinance.co.uk | novuna.co.uk | aldermore.co.uk | timefinance.com |
Minimum turnover, advance and fees are as published on each provider's own website, checked between 1 October 2026 and 14 October 2026. "Not published" means the provider does not say. Setup times are a guide from our records, not a promise from the provider. Ratings are our own view, not a figure from the provider (how we rate providers).
More on each alternative
- Ultimate Finance: Our Ultimate Finance profile · ultimatefinance.co.uk
- Novuna Business Finance: Our Novuna Business Finance profile · IGF (Independent Growth Finance) vs Novuna Business Finance · novuna.co.uk
- Aldermore Invoice Finance: Our Aldermore Invoice Finance profile · IGF (Independent Growth Finance) vs Aldermore Invoice Finance · aldermore.co.uk
- Time Finance: Our Time Finance profile · IGF (Independent Growth Finance) vs Time Finance · timefinance.com
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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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