Grenke Factoring
The finance group grenke offers factoring in the UK. It says it typically advances 90% of the gross invoice value, charges no more than 2.5% of that value, and tends to work with businesses turning over £200,000 to £10 million. You can choose which customers to factor, and it offers debt protection if a customer does not pay.
What this page covers
This page covers
grenke UK factoring: advance rate, cost cap, target turnover, selective factoring, collections and debt protection
Not covered here
grenke equipment leasing (grenke's own site), general invoice finance education (see /guides/), the full provider directory (see /providers/)
Key Facts
How grenke factoring works
- You pass grenke the invoices for the customers you choose. It pays you most of the value quickly and collects payment from your customer.
- Each client gets a dedicated account manager, who is also the contact for your customers.
- Collections follow a set pattern: a reminder letter at 7 and 14 days overdue, and a phone call at 21 days.
- grenke waits until an invoice is 90 days overdue before any legal action, and lets you buy the invoice back first if you would rather it did not go to court.
- You can spend the money as you like. grenke asks for quarterly management accounts.
grenke says it was established in 1978, works in over 32 countries and is listed on the Frankfurt stock exchange. Its UK website leads with equipment finance and leasing.
Sources: grenke factoring FAQ and factoring page, read 14 Oct 2026.
Who it suits
grenke suits a business turning over £200,000 to £10 million that is happy for a lender to collect from its customers, and wants to factor only some of them. It publishes a ceiling on its cost, which makes it easier to compare than lenders that publish no price at all.
How it compares
These lenders publish their advance rate, and most publish a minimum turnover, but none publishes its fees. Compare them with grenke on written quotes.
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Skipton Business Finance | None published | Up to 90% | skiptonbusinessfinance.co.uk |
| Close Brothers Invoice Finance | £750k | Up to 90% | closeinvoice.co.uk |
| Aldermore Invoice Finance | £750k | Up to 90% | aldermore.co.uk |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
Questions to ask before you sign
- What exact percentage will I pay, and is anything charged on top?
- Is debt protection included in that price, and what does it cover?
- How long is the minimum term, and what notice do I need to give to leave?
- Will you need personal guarantees from the directors?
Official site: grenke UK
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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