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. More detail + scope
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
Not covered here
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 | £750k | £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%Novuna Business Finance is a division of Mitsubishi HC Capital UK plc, formerly Hitachi Capital UK. Mid-market mainstream choice with strong asset finance cross-sell. Stable funding line via its parent group. Setup 7 day
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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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.
Last reviewed: 12 May 2026