Santander Invoice Finance Review
Santander Invoice Finance provides factoring and invoice discounting for UK businesses with annual turnover from £500,000, advancing up to 85% of approved invoice values. As one of the UK's largest high street banks with over 400 branches, Santander offers the security of a major banking relationship alongside dedicated invoice finance teams.
Key Facts
Pros and Cons
Strengths
- Major high street bank presence and brand recognition
- Well-capitalised with strong balance sheet
- Integration with wider Santander business banking
- Confidential discounting available
Limitations
- Higher minimum turnover (£500k) excludes smaller businesses
- Slower setup than independent providers
- Lower advance rate ceiling (85%) compared to specialists
- Less flexibility on contract terms
Our Verdict
Santander is a solid choice for established businesses already banking with them who want to consolidate their finance under one roof. The £500k minimum turnover and 85% maximum advance rate make them less competitive than independents for smaller firms or those needing higher advance percentages. If you are below £500k turnover, consider Close Brothers (from £50k) or Ultimate Finance.
Oliver Mackman
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: 7 April 2026