Qube Financing Review
Qube Financing is an independent invoice finance provider offering facilities from £50,000. They provide factoring and invoice discounting to UK businesses with a straightforward, flexible approach. Their independent status means decisions are made quickly and facilities can be tailored to individual business needs rather than following rigid bank criteria.
Qube Financing is an independent UK invoice finance provider offering factoring and discounting from £50,000, with advance rates around 85% and service charges from 0.9%.
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Summary
Qube Financing is a bank-independent invoice finance provider offering factoring and discounting from £50,000. Advance rates run to about 85% with service charges from 0.9% and discount charges at base rate plus 3.5%. Its independent status means decisions are made quickly and facilities can be tailored to individual needs rather than rigid bank criteria.
This page covers
Qube Financing invoice finance products, minimum facility, advance rate and pricing
Not covered here
General invoice finance education (see /guides/), sector pages (see /industries/), the full provider directory (see /providers/)
Key Facts
When Qube Financing Fits
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Established SME recruiters or staffing agencies turning over £500k-£3m
Qube understands the weekly payroll pressures in recruitment and can fund against timesheets and candidate invoices, with decisions made by their own credit team rather than a parent bank's risk committee.
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Manufacturing or engineering subcontractors with £750k+ turnover needing confidential funding
Invoice discounting keeps the facility invisible to customers. Qube's independent structure allows pragmatic credit decisions on contract invoices that might not fit high street bank scorecards.
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Growing service businesses (IT, consultancy, logistics) outgrowing £100k overdrafts
Qube facilities scale with your sales ledger. If you're invoicing £60k-£150k monthly and customers pay in 30-60 days, factoring or discounting releases 80-90% within 24 hours of invoice approval.
When to Look Elsewhere
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Invoicing under £40k monthly or turnover below £400k
Better fit: Sonovate. Sonovate specialises in micro-SME and contractor-led businesses with lower minimum thresholds and faster digital onboarding.
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Consumer-facing retail or hospitality with minimal B2B invoicing
Better fit: Kriya. Kriya offers unsecured revenue-based business loans up to £500k without requiring a sales ledger, better suited to card or cash-heavy sectors.
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Needing same-day approval and funding within 48 hours for a one-off cashflow gap
Better fit: Triver. Triver's selective invoice finance funds single invoices or batches in 24-48 hours without a full facility, ideal for ad-hoc needs rather than ongoing finance.
How Qube Financing Compares
| Provider | Type | Min facility | Fee from | Advance to | Speed |
|---|---|---|---|---|---|
| Ultimate Finance | both | £50k | 0.75% | 90% | 3-5 days |
| Bibby Financial Services | both | £100k | 1.0% | 85% | 5-7 days |
| Pulse Cashflow | both | £25k | 1.2% | 85% | 2-3 days |
vs Ultimate Finance: Ultimate Finance is part of Shawbrook Bank, offering higher advance rates (up to 90%) and potentially lower headline fees, but decisions follow bank credit policies rather than Qube's independent flexibility.
vs Bibby Financial Services: Bibby is a larger, institutionally-backed provider with a £100k minimum and longer approval timelines, suited to businesses prioritising brand recognition over the tailored service Qube's independence permits.
vs Pulse Cashflow: Pulse Cashflow accepts smaller facilities from £25k and uses faster digital onboarding, but typically charges higher service fees than Qube for mid-market businesses with established ledgers.
Worked Example
A Midlands-based design and print company with £720k annual turnover
Setting Up With Qube Financing
- 1
Initial enquiry and ledger review
Qube requests your last six months of sales ledger data, management accounts, and a debtor aged analysis. Their credit team assesses customer concentration and payment behaviour, typically responding with an indicative facility size and advance rate within 48 hours.
- 2
Credit approval and facility documentation
Once terms are agreed, Qube conducts credit checks on your key debtors and prepares a facility agreement. Personal guarantees from directors are standard. Legal documentation is usually completed within 5-7 working days for straightforward cases.
- 3
Customer notification (factoring) or silent go-live (discounting)
For factoring, Qube sends notification letters to your customers and sets up a trust account in your trading name. For confidential discounting, funding begins immediately without customer contact. First advances are typically released within 24 hours of invoice submission.
FAQs
Does Qube Financing take personal guarantees from directors?
Yes, Qube typically requires personal guarantees from directors holding 20% or more equity. This is standard across independent invoice finance providers. The guarantee is capped and secured against the facility balance, not unlimited. If your business has strong asset backing or significant retained profit, Qube may agree to limit or reduce guarantee exposure during negotiation.
Can I use Qube if some of my customers are slow payers or have CCJs?
Qube's independent credit team assesses each debtor individually rather than applying blanket bank rules. If a key customer has historic payment issues but is now trading normally, Qube may still approve funding against those invoices at a reduced advance rate (e.g. 75% instead of 85%). Customers with active CCJs or county court judgments are typically excluded from the facility until resolved.
What happens if a customer disputes an invoice or doesn't pay Qube on time?
Under factoring, Qube manages collections and will chase payment directly. If an invoice remains unpaid beyond 90 days, it's typically recourse, meaning you must buy back the debt or Qube deducts it from your available funding. With discounting you retain collection responsibility, and overdue invoices reduce your funding headroom. Non-recourse (bad debt protection) is available at higher cost for approved customers only.
How quickly can I draw down funds once Qube approves an invoice?
Once an invoice is uploaded and approved by Qube's credit team (usually same working day for pre-approved debtors), funds are transferred via Faster Payment within 2-4 hours during banking hours. First-time invoices to new customers may take 24-48 hours while Qube completes credit checks. After the initial facility bedding-in period, most clients report routine same-day funding.
Our Verdict
Qube Financing is a solid independent option at the £50k entry point. The flexible approach and direct decision-making are advantages for SMEs that find bank providers too slow or inflexible. Compare alongside other independents to find the best fit for your sector and facility size.
Director, Market Invoice
Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 8 April 2026