Manufacturers pay for materials and labour long before their customers pay them. Invoice finance pays you most of each invoice once the goods are delivered. Which lender fits depends on what else you need: Bibby Financial Services also offers asset finance, foreign exchange and export finance. Close Brothers prices each facility individually from £750k turnover. Novuna also does asset and vehicle finance. For larger businesses, IGF lends against invoices, stock and machinery together. Market Invoice compares the UK providers that fit this need, and you can get 3 free quotes through our introduction partner, a UK invoice finance provider.
What this page covers
This page covers
UK invoice finance lenders for manufacturers, their published advance rates, and which also fund stock, machinery or exports
Not covered here
General manufacturing sector analysis (see /industries/manufacturing/), export factoring details (see /best/best-for-export/)
Lenders compared
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
| Close Brothers Invoice Finance | £750k | Up to 90% | closeinvoice.co.uk |
| Novuna Business Finance | None published | Up to 90% | novuna.co.uk |
| HSBC Invoice Finance | £1m | Up to 95% | business.hsbc.uk |
| IGF (Independent Growth Finance) | £5m | Up to 90% (receivables); stock up to 85%, plant up to 75% | igfgroup.com |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
What else each lender offers
- Bibby: asset finance, foreign exchange, bad debt protection and a separate export finance product.
- Novuna: asset finance and vehicle finance alongside invoice finance.
- HSBC: invoice discounting for export and UK sales, in sterling, euro, US dollars or most other major currencies.
- IGF: one facility against trade debtors (up to 90%), eligible stock (up to 85%) and plant and machinery (up to 75%), for funding needs of £2m to £25m.
- Close Brothers: we have not checked what else it offers manufacturers, so ask.
Bibby, HSBC and IGF pages read 14 October 2026. Novuna's products are from our provider record, which links to Novuna's own pages.
Why manufacturers use invoice finance
The money you get on an invoice can pay for the materials on the next order. Invoice finance does not cover the time spent making the goods, which is why some manufacturers add stock or asset finance. See our manufacturing invoice finance guide for more.
The cost has two parts: a service charge, which these lenders quote per facility, and a discount charge on the money you draw, set as a margin above the Bank of England base rate (3.75%). Get quotes before you decide whether it pays for itself.
What to ask a lender
- Large customers: many manufacturers sell to a few big buyers. Lenders usually limit how much they will fund against one customer, so ask what that limit is.
- Stage or milestone billing: invoices raised before delivery are harder to fund. Ask how the lender treats them.
- Busy seasons: ask whether your limit rises with your invoices when orders peak.
- Exports: ask which countries and currencies the lender will fund.
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 updated: