Alternatives to SME Invoice Finance
The 4 UK alternatives to SME Invoice Finance on this page are Ultimate Finance, Time Finance, IGF (Independent Growth Finance) and Bibby Financial Services. The table and the note under it show what each one publishes about minimum turnover, advance and fees, next to SME Invoice Finance, with a link to each provider's own website.
What this page covers
This page covers:
UK invoice finance alternatives to SME Invoice Finance, compared on product type, minimum turnover, advance, fees, setup time and our rating (where no provider publishes fees or setup times, the note under the table says so instead of a table row)
Not covered here:
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
SME Invoice Finance and the 4 alternatives side by side
| Compared on | SME Invoice Finance | Ultimate Finance | Time Finance | IGF (Independent Growth Finance) | Bibby Financial Services |
|---|---|---|---|---|---|
| Product | Invoice finance broker (factoring, CID) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance, asset finance, vehicle finance | Invoice finance (ABL, CID), asset-based lending | Invoice finance (factoring, CID) |
| Min turnover | £100k | £600k | Not published | £5m | Not published |
| Advance | Up to 95% | Up to 95% | Up to 90% | Up to 90% (receivables); stock up to 85%, plant up to 75% | Up to 95% |
| Setup time (our guide) | Within a matter of days after approval (funds within 24 hours once set up) | Within one week | Not published | Not published | Not published |
| Our rating (out of 5) | 3.9 | 4.3 | 4.1 | 4.1 | 4.4 |
| Source | smeinvoicefinance.co.uk | ultimatefinance.co.uk | timefinance.com | igfgroup.com | bibbyfinancialservices.com |
Minimum turnover, advance and fees are as published on each provider's own website, checked between 1 October 2026 and 11 November 2026. "Not published" means we read the provider's own pages and it gives no figure. None of these 5 providers publishes its fees: each prices per facility. SME Invoice Finance is a broker, not a lender: the figures depend on the lender you are matched with. 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
- Time Finance: Our Time Finance profile · timefinance.com
- IGF (Independent Growth Finance): Our IGF (Independent Growth Finance) profile · igfgroup.com
- Bibby Financial Services: Our Bibby Financial Services profile · bibbyfinancialservices.com
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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