Panel Financial
Panel Financial is a UK invoice finance firm that started out in the motor trade. It says it pays up to 98.5% of each invoice into your bank the same day, then collects the money from your customer. It quotes one fee with no extras, and works with sole traders, partnerships and limited companies, VAT registered or not.
What this page covers
This page covers
How Panel Financial's invoice finance works, its published advance, fee approach and eligibility, and lenders to compare
Not covered here
General invoice finance education (see /guides/), sector pages (see /industries/), the full provider directory (see /providers/)
Key Facts
How Panel Financial works
- You raise an invoice to your customer but send it to Panel Financial.
- Panel Financial pays you up to 98.5% of the invoice value the same day. The exact share depends on your customer.
- It sends the invoice to your customer, sends monthly statements and collects the payment.
Panel Financial calls this invoice discounting, but because it deals with your customer and collects the money, it works like factoring. It says it does not have to be confidential. The name comes from its start in the motor trade (panel beating), but it says any business can use it, and that it has been providing cash flow finance for over 25 years.
Sources: Panel Financial home page and invoice factoring page, read 14 Oct 2026.
Who it suits
Panel Financial suits a small business, including a sole trader, that wants to be paid as soon as it raises an invoice and is happy for a finance company to deal with its customers.
How it compares
These lenders publish some of their terms on their own websites. Hydr funds single invoices with no published minimum.
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Hydr | No minimum | Up to 100% per invoice | hydr.co.uk |
| Skipton Business Finance | None published | Up to 90% | skiptonbusinessfinance.co.uk |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
| Ultimate Finance | None published | Up to 95% | ultimatefinance.co.uk |
Figures as published on each lender's own website, checked 14 October 2026. Most of these lenders do not publish their fees.
Questions to ask before you sign
- What is your fee on this invoice, in pounds?
- What share will you pay up front for my customers?
- What happens, and what do I owe, if my customer pays late or does not pay?
- Is there a minimum term or a notice period to leave?
Official site: Panel Financial
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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