Alternatives to Time Finance
4 UK invoice finance alternatives to Time Finance, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.
The leading UK invoice finance alternatives to Time Finance are Aldermore Invoice Finance, IGF (Independent Growth Finance), Novuna Business Finance and Ultimate Finance, compared here on advance rate, setup speed, minimum turnover and rating.
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Summary
Time Finance is benchmarked against 4 UK invoice finance alternatives: Aldermore Invoice Finance, IGF (Independent Growth Finance), Novuna Business Finance and Ultimate Finance. Each is compared on product type, minimum turnover, advance rate, typical rate, setup speed and overall rating, so you can see which fits your turnover and how fast you need funding. MarketInvoice then matches you to the best-fit provider.
This page covers
UK invoice finance alternatives to Time Finance, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
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In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Time Finance vs the 4 alternatives
| Time Finance | Aldermore Invoice Finance | IGF (Independent Growth Finance) | Novuna Business Finance | Ultimate Finance | |
|---|---|---|---|---|---|
| Product | Invoice finance, asset finance, vehicle finance | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (ABL, CID), asset-based lending | Invoice finance, asset finance, vehicle finance | Invoice finance (factoring, CID), bridging, asset finance |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | £250k | £250k | £500k | £500k | £100k |
| Advance rate | Up to 90% | Up to 90% | Up to 90% receivables + stock + plant | Up to 90% | Up to 90% |
| Typical rate | 1.5% to 3% service charge | 1% to 2.5% service charge | Bespoke pricing | 1% to 2.5% service charge | 1.5% to 3.5% service charge |
| Setup speed | 7 working days | 7 working days | 10 working days | 7 working days | 3 working days |
| Rating | 4.1 | 4.2 | 4.1 | 4.2 | 4.3 |
Aldermore Invoice Finance
7 working days · Up to 90%Challenger bank with a dedicated invoice finance arm, relaunched as Receivables Finance in 2025 with Growth Guarantee Scheme accreditation. Mid-cost mid-speed mainstream choice. Bibby acquired Aldermore Working Capital F
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. Strong on complex mid-market deals up to £25m. Slower setup but more flexible structure than monoline IF lenders. Backed by Norwic
Novuna Business Finance
7 working days · Up to 90%Mitsubishi HC Capital UK plc subsidiary, formerly Hitachi Capital UK. Mid-market mainstream choice with strong asset finance cross-sell. Stable funding line via Japanese parent. Setup 7 days, mid-cost mid-flexibility.
Ultimate Finance
3 working days · Up to 90%The fastest-setup mainstream UK invoice finance lender, 3 working days typical. Owned by Tavistock Group. Strong on SME accessibility, flexible underwriting, and broader product set (also asset finance + bridging). Servi
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Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 12 May 2026