Ultimate Finance vs IGF

Ultimate Finance and IGF are both independent providers, but they serve different sizes of business: Ultimate Finance asks for turnover of at least £600,000, while IGF works with businesses over £5m through asset-based lending. Ultimate Finance says it sets up a facility within one week; IGF publishes no setup time. Ultimate Finance advances up to 95% of an invoice, against IGF's up to 90% of debtors. IGF can combine receivables, stock (up to 85%) and plant (up to 75%) in one facility, and its about page lists turnarounds and refinancing among the situations it funds.

What this page covers

This page covers:

Head-to-head comparison of Ultimate Finance and IGF for businesses with challenging credit profiles.

Not covered here:

Individual provider reviews (see /providers/ultimate-finance/ and /providers/igf/), no personal guarantee options (see /best/no-personal-guarantee/)

Ultimate Finance vs IGF
FeatureUltimate FinanceIGF
Advance rateUp to 95%Up to 90%
Service charge fromNot publishedNot published (bespoke)
Setup speedWithin one weekNot published
Difficult or turnaround casesCase by caseYes (turnaround and restructure)
Minimum turnover£600,000 (Ultimate Finance)£5m (works with businesses over £5m turnover)
Personal guaranteeCase by caseCase by case
Facility sizeFunding lines up to £10m£2m to £25m
Our rating4.3/54.1/5

Advance rates, setup, turnover and facility sizes as published by each lender: Ultimate Finance, IGF and IGF about us. IGF's home and about pages give no setup time (read 14 October 2026). IGF stock and plant figures are from its home page, read the same day.

The Bottom Line

Under £5m turnover, only Ultimate Finance of these two is open to you. Over £5m, ask both: Ultimate Finance pays up to 95% of each invoice, and IGF can lend against stock and plant as well as invoices in one facility. Neither publishes its fees, so compare written quotes on the same invoices.

AP

Adam Parker

Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd

Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.

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Ultimate Finance vs IGF FAQ

Which gives more cash per invoice?

Ultimate Finance: it advances up to 95% of invoice value, against up to 90% of receivables at IGF. On a £100,000 invoice, that is up to £5,000 more cash (£95,000 against £90,000), although the advance you are offered depends on your debtor book.

Which is more flexible on credit?

IGF is the one built for complex cases: it lists turnaround and restructure situations among its specialisms and structures bespoke asset-based facilities, but only for businesses over £5m turnover. Ultimate Finance assesses difficult credit case by case. Below £5m turnover, IGF is not an option.

Which has a lower personal guarantee requirement?

Neither publishes a personal guarantee policy, so it is decided case by case. Ask each provider whether it needs a guarantee, whether it would be capped, and what it would cover, before you sign.