Alternatives to White Oak (UK)

The main UK invoice finance alternatives to White Oak (UK) are Ultimate Finance, Time Finance, IGF (Independent Growth Finance) and Aldermore Invoice Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.

Pick the alternative that fixes whatever White Oak (UK) 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 White Oak (UK), 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/)

White Oak (UK) vs the 4 alternatives

White Oak (UK) compared with 4 alternatives
Compared on White Oak (UK) Ultimate Finance Time Finance IGF (Independent Growth Finance) Aldermore Invoice Finance
Product Invoice finance, asset finance, business loansInvoice finance (factoring, CID), bridging, asset financeInvoice finance, asset finance, vehicle financeInvoice finance (ABL, CID), asset-based lendingInvoice finance (Receivables Finance, factoring, CID)
Cluster independentindependentindependentindependentindependent
Min turnover £1mNot published£250k£5m£750k
Advance rate Up to 90%Up to 95%Up to 90%Up to 90% receivables + stock + plantUp to 90%
Typical rate Negotiated service charge plus discount marginQuoted per facility (not published)Not published (quoted per facility)Bespoke pricingNot published (quoted per facility)
Setup speed 5 to 10 working daysWithin one week (up to 5 working days)7 working days10 working daysA few days to a few weeks
Rating 4.04.34.14.14.2

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.

Best for: SME urgent setup, Multi-product facility seekers.

Time Finance

7 working days · Up to 90%

AIM-listed UK independent specialist lender whose gross lending book passed £250m in 2026 (company RNS). Multi-product (IF + asset + loans).

Best for: SME service businesses, Multi-product facility seekers.

IGF (Independent Growth Finance)

10 working days · Up to 90% receivables + stock + plant

ABL specialist combining invoice finance with stock and plant lending under one facility.

Best for: Businesses over £5m turnover needing £2m or more, Complex ABL needs (receivables + stock).

Aldermore Invoice Finance

A few days to a few weeks · Up to 90%

Challenger bank (Aldermore Bank plc) offering invoice discounting, factoring and asset-based lending, with advances up to 90% and a £750,000 minimum turnover. Accredited for the Growth Guarantee Scheme.

Best for: £750k-£5m turnover Ltd companies, Cross-product banking relationship seekers.

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AP

Adam Parker

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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