Selective Invoice Finance UK 2026

Market Invoice is an independent UK invoice finance comparison site that compares UK selective (spot) invoice finance providers.

Selective invoice finance (also called spot factoring or single invoice finance) allows you to choose which individual invoices to fund, without committing to a whole-turnover facility or long-term contract. You can finance one invoice for a specific cash flow need, or use it regularly on a pay-as-you-go basis. Fees and advance rates vary by provider: Triver charges from 0.06% a day (about 1.8% on a 30-day invoice) and Hydr a flat fee per invoice, while Hydr and Sonovate publish advances of up to 100%.

Selective invoice finance lets you choose which individual invoices to fund on a pay-as-you-go basis, without committing to a whole-turnover facility or long-term contract. More detail + scope

This page covers

How selective invoice finance works, costs vs whole-turnover factoring, comparison table, who it suits, and when to use it

Not covered here

Whole-turnover factoring guides, individual provider reviews, detailed cost calculations

How It Works

  1. 1.You select a specific invoice (or invoices) you want to finance.
  2. 2.The provider checks your customer's creditworthiness.
  3. 3.They advance part of the invoice value (how much varies by provider).
  4. 4.When your customer pays, you receive the balance minus the fee.

Selective vs Whole-Turnover Comparison

Whole-turnover facilities come in two forms, factoring and discounting, which differ in cost and confidentiality: see our invoice factoring vs invoice discounting comparison.

FeatureSelectiveWhole-Turnover
CommitmentPer invoiceAll invoices
Contract termNoneUsually a contract with a notice period
How you payA fee per invoice funded (higher per invoice)Service charge plus discount charge (lower per invoice)
Advance rateVaries; up to 100% at Hydr and Sonovate (published)Up to 85% to 95% at the main providers (published)
Best forOccasional cash gapsOngoing cash flow

Who Is Selective Finance Best For?

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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Selective Invoice Finance FAQ

What is selective invoice finance in the UK?

Selective invoice finance (also called spot factoring or single invoice finance) is a UK working-capital product where the provider funds individual invoices on a pay-as-you-go basis instead of your whole sales ledger. You pick which invoices to fund and when, with no commitment to fund the rest, and often no minimum turnover.

It suits businesses with irregular cash flow, project-based revenue, or one-off large invoices to creditworthy customers. Fees and advance rates vary by provider; see the comparison on this page.

What is the difference between selective and whole-turnover factoring?

With whole-turnover factoring, all your invoices go through the facility automatically. With selective (or spot) factoring, you choose individual invoices to finance as and when you need cash. Selective is more flexible but usually more expensive per invoice. Whole-turnover suits businesses with steady ongoing cash flow needs; selective suits irregular or one-off needs.

How much does selective invoice finance cost in the UK?

There is no single market rate. Some selective providers charge one fee per invoice (Hydr a flat fee; Triver from 0.06% a day, about 1.8% on a 30-day invoice); others split it into a service charge and a discount charge of base rate plus typically 1.5% to 3.5% (UK broker ABC Finance range) on the cash advanced. Illustration: on a £50,000 invoice with an 80% advance (£40,000), 60-day terms and a 2.5% service charge, expect £1,250 service charge plus about £345 to £477 discount charge at today's 3.75% base rate.

Is there a minimum invoice size for selective finance?

It varies by provider. Triver, for example, funds invoices from £100 to £100,000 (see its profile for the source). Ask each provider for its minimum and maximum invoice size before you apply.

Which UK providers offer selective invoice finance?

Examples with different fits: Hydr (single invoices from any sector, a flat fee per invoice, no minimum turnover), Triver (connects to Xero, QuickBooks or Sage, fees from 0.06% a day, invoices from £100 to £100,000) and Accelerated Payments (UK and international selective invoice finance). Figures are from each provider's profile page on Market Invoice, where the source is linked. Compare quotes, as the right fit depends on your invoices and customers.

Can a startup or new business use selective invoice finance?

Often, yes. Because the provider is mainly checking your customer's credit rather than yours, selective invoice finance can be open to newer businesses with a creditworthy customer. Criteria vary, so check each provider's trading-history requirement. The trade-off is a higher cost per invoice than a whole-turnover facility.

Is selective invoice finance confidential?

Usually no. Most selective invoice finance is disclosed, your customer is told to pay the finance provider directly. Some providers offer confidential selective for established businesses with strong credit control, but this is rare and typically requires £500k+ turnover. If keeping the arrangement private from customers is a priority, confidential whole-turnover discounting is the better fit.

How quickly can I get a single invoice funded?

It varies. Hydr, for example, says same day to one working day. Your first invoice takes longest, because the provider has to set you up and check your customer; later invoices to the same customer are usually quicker.