Over £1m turnover, you meet the published minimum of every lender in the table below (Barclays publishes none). HSBC asks for £1m or more, advances up to 95%, and lets you take the money in sterling, euro, US dollars or most other major currencies, which suits businesses that sell abroad (HSBC, read 14 Oct 2026). Close Brothers and Aldermore publish a £750k minimum and offer both factoring and discounting. Lloyds and Barclays are worth a quote if you already bank with them. None publishes its fees, so get quotes from a bank and an independent lender and compare the total cost. Market Invoice compares UK invoice finance providers, and you can get 3 free quotes through our introduction partner, a UK invoice finance provider.
What this page covers
This page covers
Lenders for UK businesses over £1m turnover, bank or independent, confidential discounting, and what to negotiate
Not covered here
SME invoice finance (see /best/invoice-finance-for-small-business/), startup providers, individual provider reviews
Lenders to compare
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| HSBC Invoice Finance | £1m | Up to 95% | business.hsbc.uk |
| Close Brothers Invoice Finance | £750k | Up to 90% | closeinvoice.co.uk |
| Aldermore Invoice Finance | £750k | Up to 90% | aldermore.co.uk |
| Lloyds Bank Commercial Finance | £100k | Up to 90% | lloydsbank.com |
| Barclays Invoice Finance | None published | Up to 90% | barclays.co.uk |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
Lloyds' £100k minimum is much lower than £1m, so it isn't aimed only at large businesses. It is in this table because a business over £1m that already banks with Lloyds may want its quote.
Do larger businesses pay less?
Often, but no lender here publishes its fees, so we can't show it. The reason it can happen: the lender earns more in pounds from a bigger facility, and the cost of setting one up doesn't grow at the same rate. As a made-up example, 0.3% on £5m of invoices is £15,000 a year, more than 2% on £200,000 (£4,000). Use that when you negotiate, and test it with real quotes.
Confidential invoice discounting
Most businesses this size use confidential invoice discounting. Your customers aren't told, and you keep running your own sales ledger and chasing payments. Every lender in the table offers it to businesses that meet its criteria. HSBC, Lloyds and Barclays list only invoice discounting on their current UK business sites, so if you want the lender to collect from your customers (factoring), ask Close Brothers or Aldermore.
Bank or independent?
Get at least one quote from each. A bank quote may be competitive if you already bank there. An independent lender may be more flexible on things like seasonal peaks or a few large customers. Compare the total cost and the terms side by side, then negotiate.
What to negotiate on a £1m+ facility
- 1.Service charge: simple arithmetic, every 0.1% off on £3m of invoices a year saves £3,000. Use competing quotes.
- 2.Arrangement fee: ask for it to be reduced or waived.
- 3.Personal guarantee: ask for a cap, or for none.
- 4.Notice period: ask for a shorter one, so you can leave if terms stop suiting you.
- 5.Minimum monthly charge: ask for it to be lowered or removed.
- 6.Limits on large customers: if a few customers make up most of your sales, ask for a higher limit on how much the lender will fund against each one.
Invoices in other currencies
If you invoice in other currencies, ask each lender how it handles them. HSBC says its invoice discounting covers international sales and can pay out in sterling, euro, US dollars or most other major currencies. See our page on HSBC for international trade.
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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