Data Index
UK Invoice Finance Rate Index 2026
Cite this dataset: Parker, A. (2026). UK Invoice Finance Rate Index: Published Provider Terms Dataset. Zenodo. https://doi.org/10.5281/zenodo.21536180
The UK Invoice Finance Rate Index is a structured dataset of provider terms: minimum turnover, advance rate, typical service charge and discount margin, setup speed, and whether confidential invoice discounting and factoring are available. Figures come from providers' own published criteria and Companies House records. Most providers do not publish a service charge: none of the 19 lenders in the ranked table publishes a fee or rate figure we could confirm (the only confirmed published rates among the 27 providers we track are iwoca and Funding Circle, which are working-capital loan products rather than ledger invoice finance), and "Not published" means the provider prices each facility individually. Where a figure could not be matched to the provider's own page it says so in the source check below, and we have not filled the gap with an estimate. This page tracks 27 verified providers, 17 of which are independently confirmed as active on the Companies House register and 11 as authorised firms on the FCA Register (each provider profile carries its own registration numbers).
How we count: 75 UK invoice finance providers are trading. Our directory lists 83, including 8 no longer trading (5 exited, 2 acquired, 1 merged); 27 are compared on full published terms in the Rate Index; 83 listed providers have a review page.
Last updated: · Compiled by Market Invoice · See full provider profiles · Market statistics · Monthly market activity tracker · Days to pay by sector · Published service charges by provider type · Base rate and payment reporting calendar · Regulatory timeline · PG and debenture positions (small sample) · State of UK Invoice Finance 2026 · Fair Payment Code signatory benchmark
| Provider | Type | Min turnover | Advance rate | Typical service charge / discount margin | Setup speed | Confidential | Factoring | Rating |
|---|---|---|---|---|---|---|---|---|
| Bibby Financial Services | Independent | Not published | Up to 85% | Not published (quoted per facility) | Not published | Yes | Yes | 4.4 |
| Close Brothers Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.5 |
| Ultimate Finance | Independent | Not published | Up to 95% | Quoted per facility (not published) | Within one week | Yes | Yes | 4.3 |
| Aldermore Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | A few days to a few weeks | Yes | Yes | 4.2 |
| Skipton Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.2 |
| IGF (Independent Growth Finance) | Independent | £5m | Up to 90% (receivables); stock up to 85%, plant up to 75% | Bespoke pricing | Not published | Yes | Yes | 4.1 |
| Novuna Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | 1 to 3 working days to funds | Yes | Yes | 4.2 |
| Lloyds Bank Commercial Finance | High street bank | £100k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 4.0 |
| HSBC Invoice Finance | High street bank | £1m | Up to 95% | Not published (quoted per facility) | Not published | Yes | No | 4.0 |
| Barclays Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 |
| NatWest Invoice Finance | High street bank | £300k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 |
| Santander Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 3.8 |
| Sonovate | Recruitment specialist | No minimum | Up to 100% | Not published (quoted per facility) | 2 working days | No | Yes | 4.6 |
| Time Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.1 |
| eCapital | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.0 |
| White Oak (UK) | Independent | £1m | Up to 90% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 4.0 |
| Apollo Business Finance | Independent | Not published | Up to 90% | Not published | Not published (funds within 24 hours once set up) | Yes | Yes | 3.9 |
| Hydr | Fintech | No minimum | Up to 100% per invoice | Flat fee per invoice financed | Same day to 1 working day | Yes | No | 4.2 |
| SME Invoice Finance | Independent | £100k | Up to 95% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 3.9 |
Source check: last read 19 October 2026
For each provider, the figures in the table above were read against the provider's own published page. 19 of 19 direct lenders checked match what the page says.
| Provider | Read | What the provider's page says |
|---|---|---|
| Bibby Financial Services | 2026-10-01 | bibbyfinancialservices.com/invoice-finance: "up to 85% of the invoice value"; no minimum turnover published |
| Close Brothers Invoice Finance | 2026-10-14 | closeinvoice.co.uk invoice discounting and invoice factoring (rendered 14 Oct 2026): "up to 90% of the value of each invoice"; "Your business has a minimum turnover of £750k p.a"; our fees: "all of our invoice finance agreements are individually priced" |
| Ultimate Finance | 2026-10-01 | ultimatefinance.co.uk/invoice-finance: "Up to 95% of your unpaid invoice value"; no minimum turnover published |
| Aldermore Invoice Finance | 2026-10-14 | aldermore.co.uk invoice finance (read 14 Oct 2026): "up to 90% of the full invoice value"; "As a general rule we do require businesses applying for invoice finance to have a minimum turnover of £750,000"; set up "from a few days to a few weeks" |
| Skipton Business Finance | 2026-10-14 | skiptonbusinessfinance.co.uk/invoice-discounting: "up to 90% of the value of each invoice"; no minimum turnover published (its small-business page says it has done confidential discounting deals "for SMEs with turnovers as small as £100k", an example, not a minimum) |
| IGF (Independent Growth Finance) | 2026-10-14 | igfgroup.com: "Up to 90% of trade debtor value", "Up to 85% of eligible stock value", "Up to 75% of asset value" (plant and machinery); client profile "UK-based businesses with over £5m of annual turnover" |
| Novuna Business Finance | 2026-10-01 | novuna.co.uk invoice finance: "Typically up to 90% of the value of your unpaid invoices" (page headline also says up to 100%); no minimum turnover published |
| Lloyds Bank Commercial Finance | 2026-10-13 | lloydsbank.com/business/invoice-finance.html: "up to 90% of the invoice cash value"; "minimum turnover of £100,000 per annum"; asked whether it offers factoring, it answers "Our Invoice Finance solution is Invoice Discounting" |
| HSBC Invoice Finance | 2026-10-13 | business.hsbc.uk invoice discounting: "annual business turnover of £1m+"; "up to 95% of the invoices' value"; the current HSBC UK business site lists invoice discounting only, its old factoring pages (hsss.hsbc.co.uk) no longer load |
| Barclays Invoice Finance | 2026-10-13 | barclays.co.uk invoice finance: page is headed "Confidential invoice discounting"; "up to 90% of the value of approved invoices"; optional bad debt cover; no factoring product; no minimum turnover published |
| NatWest Invoice Finance | 2026-10-13 | natwest.com invoice finance: invoice discounting minimum turnover £300k; "up to 90% of the money you're owed"; no factoring product listed on natwest.com |
| Santander Invoice Finance | 2026-10-01 | santander.co.uk invoice finance: "We release up to 90% of invoice value"; no minimum turnover published |
| Sonovate | 2026-10-13 | sonovate.com/use-cases/recruitment-finance: "Up to 100% prepayment limits"; serves agencies from "a brand new start-up" to "£150m+ turnover" (no minimum stated); sonovate.com publishes no fees ("pricing depends on the services you choose"). The blended fee range we used to show was removed on 14 Oct 2026 because Sonovate does not publish it |
| Time Finance | 2026-10-14 | timefinance.com/invoice-finance: "up to 90% of the value of their unpaid invoices minus our agreed fees"; turnover: its discounting page says only that businesses "with an annual turnover of over £500k are usually better suited", so no minimum is published |
| eCapital | 2026-10-01 | ecapital.com invoice discounting: "advances up to 90% of the invoice value"; no minimum turnover published |
| White Oak (UK) | 2026-10-01 | whiteoakuk.com invoice finance: "Turnover of £1,000,000 upwards"; "Advances of up to 90% of invoice value" |
| Apollo Business Finance | 2026-10-19 | apollofinance.biz (read 19 Oct 2026): "Apollo pays up to 90% of your invoices within 24 hours once you're set up"; no minimum turnover or fee published |
| Hydr | 2026-10-01 | hydr.co.uk: "100% of your invoice" funded; "Our fees are fixed" (example £118.50 on £3,000) |
| SME Invoice Finance | 2026-10-01 | smeinvoicefinance.co.uk invoice discounting: "annual turnover of £100,000 or more"; "up to 95% of invoice value" |
Brokers and marketplaces
These firms arrange invoice finance with lenders rather than funding facilities themselves, so they are listed separately rather than ranked alongside direct lenders. Minimum turnover for a broker is set by whichever lender takes the facility, which is why most rows read "Varies by funder".
| Broker | Min turnover | Setup speed |
|---|---|---|
| Touch Financial Broker | Varies by funder | 1 to 2 working days (funds released) |
| ABC Finance Broker | Varies by funder | 10 to 20 working days |
| Swoop Funding Broker | £30k | 48 hours (payment after invoice submitted) |
| Capitalise Broker | Varies by funder | 24 to 48 hours from approval (selective) |
| Fund Invoice Discounting Broker | Varies by funder | 3 to 10 working days |
Adjacent products excluded from the ranked table: iwoca, Funding Circle, Allianz Trade offer working-capital products that are not ledger or selective invoice advances, so their terms are not directly comparable and they are not ranked here.
Click the Provider, Min turnover or Rating column headers to sort. Figures are normalised from each provider's published criteria. Rate ranges reflect headline-to-typical bands; your actual rate depends on turnover, debtor quality, sector and contract terms.
| Provider | Type | Min turnover | Advance rate | Typical service charge / discount margin | Setup speed | Confidential | Factoring | Rating (out of 5) |
|---|---|---|---|---|---|---|---|---|
| Bibby Financial Services | Independent | Not published | Up to 85% | Not published (quoted per facility) | Not published | Yes | Yes | 4.4 |
| Close Brothers Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.5 |
| Ultimate Finance | Independent | Not published | Up to 95% | Quoted per facility (not published) | Within one week | Yes | Yes | 4.3 |
| Aldermore Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | A few days to a few weeks | Yes | Yes | 4.2 |
| Skipton Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.2 |
| IGF (Independent Growth Finance) | Independent | £5m | Up to 90% (receivables); stock up to 85%, plant up to 75% | Bespoke pricing | Not published | Yes | Yes | 4.1 |
| Novuna Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | 1 to 3 working days to funds | Yes | Yes | 4.2 |
| Lloyds Bank Commercial Finance | High street bank | £100k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 4.0 |
| HSBC Invoice Finance | High street bank | £1m | Up to 95% | Not published (quoted per facility) | Not published | Yes | No | 4.0 |
| Barclays Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 |
| NatWest Invoice Finance | High street bank | £300k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 |
| Santander Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 3.8 |
| Sonovate | Recruitment specialist | No minimum | Up to 100% | Not published (quoted per facility) | 2 working days | No | Yes | 4.6 |
| Time Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.1 |
| eCapital | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.0 |
| White Oak (UK) | Independent | £1m | Up to 90% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 4.0 |
| Apollo Business Finance | Independent | Not published | Up to 90% | Not published | Not published (funds within 24 hours once set up) | Yes | Yes | 3.9 |
| Hydr | Fintech | No minimum | Up to 100% per invoice | Flat fee per invoice financed | Same day to 1 working day | Yes | No | 4.2 |
| SME Invoice Finance | Independent | £100k | Up to 95% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 3.9 |
Source: Market Invoice, compiled from published provider criteria and Companies House records (CC BY 4.0)
View as plain-text Markdown
### UK Invoice Finance Rate Index 2026: published terms for 19 direct UK invoice finance lenders (brokers and adjacent products listed separately) | Provider | Type | Min turnover | Advance rate | Typical service charge / discount margin | Setup speed | Confidential | Factoring | Rating (out of 5) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Bibby Financial Services | Independent | Not published | Up to 85% | Not published (quoted per facility) | Not published | Yes | Yes | 4.4 | | Close Brothers Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.5 | | Ultimate Finance | Independent | Not published | Up to 95% | Quoted per facility (not published) | Within one week | Yes | Yes | 4.3 | | Aldermore Invoice Finance | Independent | £750k | Up to 90% | Not published (quoted per facility) | A few days to a few weeks | Yes | Yes | 4.2 | | Skipton Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.2 | | IGF (Independent Growth Finance) | Independent | £5m | Up to 90% (receivables); stock up to 85%, plant up to 75% | Bespoke pricing | Not published | Yes | Yes | 4.1 | | Novuna Business Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | 1 to 3 working days to funds | Yes | Yes | 4.2 | | Lloyds Bank Commercial Finance | High street bank | £100k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 4.0 | | HSBC Invoice Finance | High street bank | £1m | Up to 95% | Not published (quoted per facility) | Not published | Yes | No | 4.0 | | Barclays Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 | | NatWest Invoice Finance | High street bank | £300k | Up to 90% | Not published (quoted per facility) | Not published | Yes | No | 3.9 | | Santander Invoice Finance | High street bank | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 3.8 | | Sonovate | Recruitment specialist | No minimum | Up to 100% | Not published (quoted per facility) | 2 working days | No | Yes | 4.6 | | Time Finance | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.1 | | eCapital | Independent | Not published | Up to 90% | Not published (quoted per facility) | Not published | Yes | Yes | 4.0 | | White Oak (UK) | Independent | £1m | Up to 90% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 4.0 | | Apollo Business Finance | Independent | Not published | Up to 90% | Not published | Not published (funds within 24 hours once set up) | Yes | Yes | 3.9 | | Hydr | Fintech | No minimum | Up to 100% per invoice | Flat fee per invoice financed | Same day to 1 working day | Yes | No | 4.2 | | SME Invoice Finance | Independent | £100k | Up to 95% | Negotiated service charge plus discount margin | 5 to 10 working days | Yes | Yes | 3.9 | Source: Market Invoice, compiled from published provider criteria and Companies House records (CC BY 4.0)
Methodology
Each provider in the index is reviewed against a common schema so the rows are directly comparable. We record minimum turnover, advance rate, the typical service charge and discount margin, setup speed, whether confidential invoice discounting is offered, whether factoring is offered, and an overall editorial rating out of 5 built from sub-scores for transparency, speed and flexibility.
Source material is published provider criteria, provider documentation, and Companies House records for legal entity and incorporation data. Where a provider publishes a rate band rather than a single figure, we record the band. We do not publish a rate we cannot evidence from a primary source: a figure we cannot match to the provider's own page is shown as "Not published", or listed as not confirmed in the source check, rather than estimated.
The "last updated" date above comes from the page's logged freshness record, and the source-check table shows the date each provider's own page was last read. Individual provider review dates are shown on each provider profile. The index is maintained by the Market Invoice editorial team and overseen by Oliver Mackman, director of Best Business Loans Ltd.
The rating out of 5 is Market Invoice's own editorial assessment, built from sub-scores for transparency, speed and flexibility. It is not an aggregate of customer reviews. "Verified" counts refer to providers whose active Companies House record (17) or FCA authorisation (11) we have checked; each row links to the provider profile carrying the specific registration details, which is the per-provider list behind those counts.
This dataset is published under a Creative Commons Attribution 4.0 licence. You may reuse the figures with attribution to Market Invoice (marketinvoice.co.uk).
What the index measures
- Provider name
- Provider type (cluster)
- Minimum turnover
- Advance rate
- Typical service charge and discount margin
- Setup speed
- Confidential invoice discounting available
- Factoring available
- Overall editorial rating (out of 5)
Cite this dataset
To reference these figures, please credit MarketInvoice and link to this page:
Source: MarketInvoice, UK Invoice Finance Rate Index, https://marketinvoice.co.uk/data/uk-invoice-finance-rate-index/ (accessed 2026-10-20).
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